Rumi Akter Polly of DOT
 If uninterrupted transport system can be introduced between Bangladesh and India, the national income of Bangladesh will increase by 17 percent. And India’s national income will increase by 8 percent, reports prothomalo.com.
 The World Bank released a report on Tuesday entitled ‘Interaction for Prosperity: Challenges and Opportunities for Integrated Transport in East Asia’, reports bd-protidin.com.
 According to the report, the current cost of a company in India is 15 to 20 per cent less than the cost of doing business with a company in Bangladesh if the company does business with a company in Brazil or Germany.
 Trade and commerce between the two countries are being hampered due to various reasons including high taxes, para tariffs and non-tariff barriers.
The tariff rates of Bangladesh and India are double the average rates of world customs duties.
 On the other hand, trade between the two countries is relatively low. Only 10 percent of Bangladesh’s trade is with India. On the other hand, only 1 percent of India’s trade is with Bangladesh.