India and Bangladesh signed draft MoU on passenger and cruise vessel movement

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Who: India and Bangladesh
Where: New Delhi
What: Signed draft MoU on passenger and cruise vessel movement
When: 17 November 2015

India and Bangladesh on 17 November 2015 inked a draft Memorandum of Understanding (MoU) on passenger and cruise services on coastal and protocol route.

The MoU was signed during the meeting of the secretary level delegation of both the countries.

Key highlights of the meeting

• MoU on passenger and cruise vessel movement: The respective Secretaries of the two countries initiated the draft MoU as a token of agreement which will be formalized after approval of the respective governments.

• Payment of transit fee: The Government of Bangladesh approved a highly competitive charge of 192.22 BD Taka per metric tonne for the trans-shipment operations at Ashuganj for movement of goods to and from North-Eastern part of India.

• Payment of Bank Guarantee:  Bangladesh Government decided to do away with the practice of insistence upon Bank Guarantee on each consignment of transit cargo.

• Dredging on rivers on Protocol routes with World Bank assistance: To ensure adequate draft in upper reaches of Indo-Bangladesh Protocol route in Bangladesh, it was agreed that Bangladesh will submit a proposal for dredging of rivers in Bangladesh, including the ones under Protocol route, to World Bank for Regional IDA under intimation to the Indian side to enable the Indian side to examine and support the proposal taking a long term perspective under PIWTT.