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Daily Business News All Daily Business News
20 Mar 2013
Bangladesh, Bhutan close to transit deal

The country will sign a transit agreement with the landlocked Bhutan in July to boost bilateral trade, Commerce Minister GM Quader said yesterday.
Under the agreement, Bhutan will be able to gain passage through the country’s land and waterways and airspace, Quader said.
Dasho Sonam Tshering, secretary of the ministry of economic affairs of Bhutan, is currently in Dhaka with an eight-member delegation to iron out the last details of the deal.
“We will hold more meetings with the Bhutanese delegation in the next two days to finalise the agreement, which is likely to run for perpetuity,” Commerce Secretary Mahbub Ahmed said.
If the deal gets through, Bhutanese vessels will be able to use the Doikhawa border in Lalmonirhat district to use Chittagong and Mongla ports, Quader said.
The fee for transit is currently being negotiated, along with negotiations for access to the Saidpur airport in Nilphamari, he said.
“The agreement will hold until either of the two countries raises any objection,” Quader said.
At present, trucks from Bhutan come to the country’s Burimari land port through India’s Chengrabandha land port, as per the terms and conditions, agreed upon in 1984, of the existing transit agreement between the two countries.
Earlier, the government-formed committee on the matter handed in a report, on whose basis the commerce ministry is acting. In fiscal 2010-11, the volume of trade between Bhutan and Bangladesh stood at $22.12 million, according to data from commerce ministry.
Of the total amount, Bhutan exported goods worth $19 million, while Bangladesh exported $3.12 million.

Source :: The Daily Star