Highlights

Two neighbour nation the Republic of India and Bangladesh have agreed to set up a ‘High Level Monitoring Committee’  to regularly review the progress of implementation of projects which are being run with Line of Credit provided by India. The Monitoring committee would be headed by the Secretary, Economic Relations Division of Bangladesh and High Commissioner of India in Bangladesh.

Key Points

  • The decision was taken during the 6th meeting of the Joint Consultative Commission held on a virtual platform.
  • The virtual meeting was chaired by Indian External Affairs Minister Subrahmanyam Jaishankar and Bangladeshi Foreign Minister of Abul Kalam Abdul Momen jointly.
  • India have assured Bangladesh that it will expedite the investment proposal from Bangladesh in case they face delays in approval.
  • Bangladesh has invited investment from top investor of India that will encourage the potential investors to invest in Bangladesh.
  • Both countries agreed to hold the next meeting of the Annual Defence Dialogue in November 2020.
  • Both countries also agreed to strengthen the Coordinated Border Management Plan in order to bring such incidents to zero.

Bangladesh’s Requests

  • Bangladesh in the meeting also urged an early implementation of the Defence Line of Credit (DLOC).
  • To facilitate travel of certain travellers, both countries agreed to initiate ‘air travel bubble’ flights. However, Bangladesh sought resumption of regular travel through the land ports at the earliest.
  • Bangladeshi Foreign Minister of have also requested India to resume granting of visas to the Bangladeshi nationals including medical patients, students and business persons.

India’s stance

  • Indian External Affairs Minister emphasized on the importance of Bangladesh in India’s Neighborhood First policy.
  • India have also directed officials to expedite exchange of required information related to Phase-III testing, vaccine distribution, co-production and delivery in Bangladesh.

Rohingya Issue

India & Bangladesh have also reiterated the importance of safe, speedy and sustainable return of the displaced persons from the Myanmar’s Rakhine state. Bangladesh said that delay in resolving the issue of Rohingyas might lead to emergence of radicalism which would disrupt the  peace and stability in the region. India Bangladesh monitoring committee