The stage has been set for Prime Minister Manmohan Singh’s visit to Dhaka on September 6 and 7. This followed the two countries agreed on an ambitious agenda, as external affairs minister SM Krishna met his Bangladesh counterpart Dipu Moni.
Boosting trade, investment, transit, sharing of river water, solving boundary issues are on the table as both countries look towards a big leap forward in the bilateral ties. Dhaka consenting to address New Delhi’s security concerns by clamping down on the anti-India insurgents was the main trigger for India stepping up the economic ties with the Sheikh Hasina government.
The two sides signed two trade-related pacts.
They also reviewed a slew of important steps to enhance exports from Bangladesh, which will help address the trade imbalance that continues to be in favour of India. Trade imbalance has been a key irritant in bilateral relations of the two nations.
“Indian investments in Bangladesh will provide employment and also promote bilateral trade,” Krishna said at a joint press conference with Moni.
“We are happy to note that exports from Bangladesh to India have increased by 56% in the first 10 months of 2010-11. We want Bangladesh exports to grow further,” Krishna sid.
Underlining that bilateral relations have been on a high trajectory, Krishna said that a number of projects, approved under the $1 billion line of credit granted by India during Bangladesh Prime Minister Sheikh Hasina’s visit to India, were under implementation.