India, Bangladesh and South East Asia and the opportunities for the North–East
It has been fifty-one years since the Indian neighbour to the east transformed from East Pakistan to Bangladesh, and has been a constant presence in the trade and strategic vision of India. Bangladesh is strategically situated in the Bay of Bengal and share a land border with each other measuring approximately 4096 kms which also happens to be the longest land border that India shares with any of its neighbours. The relations between India and Pakistan would be difficult to categorise in an easy template however, the two nations share linguistic, ethnic, religious, and historical similarities for them to not explore closer ties and greater coordination. It is an opportune moment for India and Bangladesh as they gear up for a meeting during the end of the month. The India EAM Jaishankar is set to meet his counterpart from Bangladesh AK Abdul Momen. Bangladesh shares a border with the five Indian states of West Bengal, Assam, Meghalaya, Mizoram, and Tripura. This provides the two countries a number of interesting opportunities to work closely together. As the world ‘pivots to Asia’ and the Indian look East policy transforms to the Act East policy, Bangladesh has the potential to be an important part of the Indian endeavour of greater trade in the region. It is for the first time in over fifty years of relations between the two countries that the trade has exceeded a figure of 10 billion USD in 2021. It was in 2018-19 that the trade between the two nations crossed the 1 billion USD mark, which was noted to be a 52 per cent increase in trade between the two countries from 2017. This exponential rise in the magnitude of trade in such a short time has made both sides much more interested in trading with one another. The World Bank has estimated that the trade between India and Bangladesh has the potential to reach 16.4 billion USD; however, the two nations are yet to reach even close to that number despite the steady rise in the volume of trade between the two neighbours.
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