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[5] [2] This has not helped sales, Atlas Bangladesh was sold 50 thousand motorcycles in 2012 but by 2017 sales had decreased to 1,500 unit per year. [2] Atlas Bangladesh Limited signed an agreement with TVS Auto Bangladesh Limited in February 2019 to manufacture TVS brand motorcycles at the factory of Atlas Bangladesh Limited. [2] [6]
The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]
The trade at border haats is permitted to be carried out either on a barter basis or in Indian Rupees and the currency of country with which border is shared, for example, Indian Rupee and Bangladesh Taka on India-Bangladesh border. Data of barter trade is maintained by the Haat Management Committee of the respective border haat.
The Radcliffe Line was published on 17 August 1947 as a boundary demarcation line between the dominions of India and Pakistan upon the partition of India.It was named after its architect, Sir Cyril Radcliffe, who, as chairman of the Border Commissions, was charged with equitably dividing 450,000 square kilometres (175,000 sq mi) of territory with 88 million people based on religious lines. [2]
The Border Peace and Tranquility Agreement (BPTA or MPTA; formally the Agreement on the Maintenance of Peace and Tranquility along the Line of Actual Control in the India–China Border Areas) is an agreement signed by China and India in September 1993, agreeing to maintain the status quo on their mutual border pending an eventual boundary settlement. [1]
Banglabandha (also spelled Banglabandh) is a major inland port in northern Bangladesh established to provide a trade link with India, Nepal and Bhutan. [1] The three nations are separated by 52 km (32 mi) of Indian territory, known as the Siliguri Corridor.
India shares land borders with six sovereign nations. The state's Ministry of Home Affairs also recognizes a 106 kilometres (66 mi) land border with a seventh nation, Afghanistan, as part of its claim on the Kashmir region; however, this is disputed and the region bordering Afghanistan has been administered by Pakistan as part of Gilgit-Baltistan since 1947 (see Durand Line).
Bangladesh-India bilateral trade was over US$10 billion in 2018–19. [51] [52] Bilateral trade between India and Bangladesh stood at US$6.6 billion in 2013–14 with India's exports at US$6.1 billion and imports from Bangladesh at US$462 million, representing more than double the value of US$2.7 billion five years ago. [53]