India, Bangladesh to indication economic pact over upcoming five years: EIU

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India and Bangladesh are anticipated to sign an economic partnership agreement over another five years that will preserve trade privileges for Bangladesh.

Based on the Economist Intelligence Product, "Over the next five years, we expect both countries to signal a comprehensive economical partnership agreement (CEPA), that will preserve trade privileges to get Bangladesh when it graduates via the UN's least created region status in 2026."

The Economist Intelligence Product has detailed the things of India-Bangladesh relations over another five years.

This comes ahead of the upcoming visit of Primary Minister Narendra Modi, to Bangladesh on March 26th- his first foreign visit in the last 15 months.

"Although no key agreements are anticipated to end up being signed, we view Mr Modi's visit seeing that a significant exhibit of the continuation of warm ties between your two neighbours, despite some tense undercurrents recently," EIU said.

The CEPA will be wider when compared to a traditional bilateral free trade agreement, addressing non-trade barriers, e-commerce, services investment and facilitation of trade at the border, EIU said.

The resolution of the Teesta River water-sharing issue, which faces opposition from the state administration in the Indian state of West Bengal, will be based upon the upcoming legislative elections (March 27th-April 29th) in that state, the report said.

"We expect the results of the condition elections to come to be close between your incumbent All India Trinamool Congress (TMC) and Mr Modi's Bharatiya Janata Get together (BJP), with the previous retaining a much-weakened mandate on equilibrium," EIU said.
Source: https://www.business-standard.com

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