Rumi Akter Polly of DOT
[2] 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.
[3] 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.
[4] 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.
[5] 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.
[5] 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.