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South Asian Update
South Asian Update

Economy

Bangladesh, Bhutan sign transit agreement

 Published: 08:26, 22 March 2023

Bangladesh, Bhutan sign transit agreement

Bangladesh and Bhutan signed an agreement on the movement of traffic in transit. Bangladesh's Commerce Minister Tipu Munshi signed the agreement on behalf of the government of Bangladesh.

With the signing of the agreements, Bhutan would be another neighbouring country after India that will enjoy the transit facilities at nine customs points of the land, rail, air and river routes in Bangladesh.
In return, Bhutan would allow Bangladesh to use its eight transit routes for the export and import of goods.
This landmark agreement is expected to facilitate trade and commerce between the two countries for shared prosperity, said the Ministry of Foreign Affairs.
Earlier in October 2018, Bangladesh and India signed the 'Agreement on the use of Chattogram and Mongla seaports for movement of goods to and from India' mainly to provide transshipment facilities to India for carrying goods to its Northeastern states using the Bangladeshi ports.

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