(MENAFN- Trend News Agency)
Prime Minister Narendra Modi and his Bangladeshi counterpart,
Sheikh Hasina, expressed satisfaction at the intensification of
bilateral defence ties and agreed on the early finalization of
projects under the line of credit for defence, which would be
beneficial for both the countries, according to a joint statement
released by Ministry of External Affairs.
In this regard, the delegation between both countries welcomed
finalising initial procurement plans for vehicles for the
Bangladesh armed forces as both nations look forward to enhancing
bilateral defence ties.
The Indian side expressed its request for implementing the 2019
MoU for providing a coastal radar system for greater maritime
security, at an early date and also reiterated the importance of
facilitating trade between the two countries, according to the
official statement.
The Indian side requested at least one major land port without
port restrictions or a negative list of regulations, on the border
with the North Eastern States of India, for easier market access,
starting with ICP Agartala-Akhaura, as per the release.
Both leaders also acknowledged the importance of leveraging the
potential of new and emerging areas of cooperation like green
energy.
They also directed authorities on both sides to augment
cooperation in cutting-edge areas of peaceful use of outer space,
peaceful uses of nuclear energy, and technology enabled services in
finance, health and education.
PM Modi and his Bangladeshi counterpart Sheikh Hasina on Tuesday
held an extensive discussion on a range of bilateral issues as they
decided to start negotiations on a comprehensive economic
partnership agreement (CEPA) to sustain momentum in the bilateral
ties.
Moreover, both countries signed seven Memorandum of
Understanding (MoUs) in the presence of PM Modi and visiting prime
minister Sheikh Hasina. These agreements were signed after
delegation-level talks were held at the Hyderabad House.
In a special briefing on Tuesday, Indian foreign secretary Vinay
Mohan Kwatra said both leaders agreed to build resilient supply
chains in both countries and across the region.
“India is the largest market for Bangladeshi products in Asia.
“And despite the pandemic, the bilateral trade between the two
countries reached an all-time high of USD 18 billion in the last
financial years,” he said adding that both leaders exchanged views
and perspectives on regional and global issues.
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