A new three-year trade agreement between Indian and bangladesh was signed in Dacca on Saturday (4 October).
SV State Minister of Commerce for Bangladesh Choudury Tanvir Ahmed Siddiky (on left) and India's Minister for Commerce Pranab Mukherjee signing Indo-Bangladesh Trade agreement in Dacca city, India.
SV The two ministers exchange documents, shake hands and sit down.
SV Mr. Mukherjee standing up speaking to audience.
SV Mr. Mukherjee entering room and meeting Vice President of Bangladesh, Justice Abdus Sattar and other officials, Mr.Mukherjee and Bangladesh Vice-President seated. (2 SHOTS)
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Background: A new three-year trade agreement between Indian and bangladesh was signed in Dacca on Saturday (4 October). The agreement sets out a framework for the methods of trade payments between the two country as well as facilities for holding trade fairs and exhibitions. It also confirms a "most favoured nation" accord established when the first agreement was signed in 1973.
SYNOPSIS: Documents sealing the agreement were signed by the bangladesh State Minister for Commerce, Mr. Choudury Tanvir Ahmed Siddiky, on the left, and his Indian counterpart, Mr. Pranab Mukherjee. The first agreement in 1973 worked well for two years until Bangladesh proclaimed martial law. Relations between the two neighbours then became strained. But Saturday's treaty is an indicator that the mistrust of five years has now substantially disappeared.
The agreement also is seen as a prelude to further co-operation in other projects mutually beneficial to both countries.
Among other advantages are a bangladesh proposal to set up a six-nation summit to explore the possibilities of an organisation patterned on the Association of South East Asian Nation (ASEAN). The organisation, to include India, Bangladesh, Pakistan, Nepal, Sri Lanka and Bhutan, is already regarded favourably by the New Delhi government. Bangladesh and India also are considering a jute exporting group to protect common interests in the world market.