9th September 2022 (7 Topics)
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Golden Chapter Continues
Context:
The last decades have been the best period in India and Bangladesh relationship, which has also been noted as “Shonali Adhhaye” (golden chapter), indicating promising future prospects.
Stability in Relationship:
- The stability in the relationship remained in a robust state despite the external turmoil.
- Areas of disagreement have not been allowed to upset the broad positive trend in the relationship, which exemplifies the maturity of leadership
Milestones in Bilateral Ties:
- Comprehensive Framework of Cooperation: The Comprehensive Framework of Cooperation facilitated the grant of duty-free access to Bangladesh’s exports to India in 2011.
- “Friendship” pipeline from Assam’s Numaligarh refinery is nearing completion and will deliver petroleum products to Parbatipur in Bangladesh
- Water-sharing: Agreement on the water-sharing formula for the river Kushyara that flows into Bangladesh from Assam’s Silchar district. Discussions are under the finalization of the temporary water sharing accord on the Feni River.
- Credit: $8 billion Line of Credit (LoC) has been extended to Bangladesh, including $500 million for defense-related procurement. This reduced the dependency on Chinese military hardware.
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