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India and Bangladesh Working To Boost Border Trade

India and Bangladesh have been working together to increase and improve cross-border trading between the two countries. Specifically, each nation has sought to develop ‘border haats’ or markets.

According to a recent Business Standard article, members of the Indo-Bangladesh Border Haat Management Committee announced the second of four proposed four border haats along the Bangladesh-Tripura border. This haat would be built by the Ministry of Commerce at an approximate cost of Rs. 2.5 crores.

Tripura senior district administration official D K Chakma explained to the news source that trade will start after the construction is complete. Chakma added that once this type of haat is introduced, some smuggling would be reduced.

Nazma Begum, the additional district magistrate of the Brahmanbaria District in Bangladesh agreed.

“This will obviously have a positive effect on relations between the two nations. People of both nations, who have great regard for each other but are unable to express it, will be able to express it through border haats and further deepen their relations,” Begum told the news source.

Currently, Meghalaya has two border haats – one at Kalaichar in the West Garo Hills District, and another in the East Khasi Hills District of Balat.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

 

 

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