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DATE: 15 SEPTEMBER, 2020 || NEWS UPDATE

                                 #KNOW THE FACT

1. INDIA - BANGLADESH RELATIONSHIP



In July 2020, MV SHEJYOTI, a ship with cargo for Bangladeshi businesses and also four containers bound for Indian states of Tripura and Assam, set sail from the Shyama Prasad Mukherjee Port at Haldia in West Bengal, India for Chittagong port. The journey was historic since this was the first trail of the transhipment facility to India's landlocked north-eastern region via the Chittagong port. The India- Bangladesh maritime connectivity has been given a major boost with the successful trail of the transhipment of goods to India's north east states via the Chittagong port. This is yet another recent connectivity initiative with Bangladesh, which will greatly enhance connectivity between Bangladesh and the North Eastern states of India boosting bilateral trade with Bangladesh. The opening of the new route follows the signing of the 2nd addendum to the protocol for Inland Water Trade & Transit (PIWTT) in May 2020 which opened to new routes. The PIWTT was signed between India and Bangladesh in 1972 to connect the two countries through inland waterways. The route connects the Tripura with the National Waterways of India through Bangladesh. Inlands water base system is always better than using road transport, we can save fuels, control pollution, also carry goods more than trucks and it is also more efficient and economical. 

Bangladesh is India's biggest trade partner in South Asia. Bilateral trade between India and Bangladesh. Bilateral trade between India and Bangladesh has grown steadily over the last decade. India's export to Bangladesh in FY 2018-19 stood at $9.21 billions and imports during the same period was at $1.04 billions. In May 2020, the two countries have signed an addendum to the protocol, adding 2 new routes and 5 new port of calls on each side. Currently Inland protocol has a total of 10 routes and 11 port of call on each side.

PROTOCOL ON INLAND WATER TRNASIT AND TRADE (PIWTT)

In 1972, India and Bangladesh signed the Protocol on Inland Water Transit and Trade(PIWTT). It is a bilateral protocol connecting the inland waterways of India and Bangladesh for the transportation of goods and keeping their respective waterways navigable, while providing infrastructure. The protocol further states that both countries will mutuallly decide the proposed expenses voyage permissions shall be taken at least four days prior to the actual journey and the vessels shall share equal tonnage. The India- Bangladesh Protocol Routes iclude parts of rivers Ganga, Hooghly, Brahmaputra, and Barak, and the Sundarbans. In 2018, India and Bangladesh signed an agreement for inclusion of Dhubriin India and Pangaonin Bangladesh as new Ports of Call in PIWTT.

NATIONAL WATERWAYS ACT

National Waterways Act came into effect in 2016. It proposed 106 additional National Waterways and merges 5 existing Acts which were declared the 5 National Waterways. In 1986, the Government of India created the Inland Waterways Authority of India(IWAI) for regulation and development of Inland Waterways for navigation and shipping. Out of the 111, National Waterways declared under the National Waterways Act, 2016, 13 are operational for shipping and navigation and cargo/passenger vessels are moving on them.

                                                                                                   DATE : 15 SEPTEMBER 2020














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