Agreement on the Movement of Traffic-in- Transit between the People’s Republic of Bangladesh and the Royal Government of Bhutan and the Protocol introduced
The Minister for Industry, Commerce and Employment as the Member In-Charge of the Agreement introduced the Agreement on the Movement of Traffic-in- Transit between the People’s Republic of Bangladesh and the Royal Government of Bhutan and the Protocol for First and Second Readings today.
The Minister submitted that the Agreement will provide the framework to ensure greater connectivity with and through Bangladesh by road, rail, air, river and coastal waterways. At present Bhutan has no other transit agreement except with India. He also reported that the smooth implementation of the Agreement will also help to promote, facilitate, expand and deepen trade relations with Bangladesh and be complementary to the Preferential Trade Agreement that came into effect from July 1, 2022.
After the support of the House to deliberate on the Agreement, it was referred to the Legislative Committee for further review. The Committee will report back to the House with its findings and recommendations on 12th June 2023.
