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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.
Benapole–Petrapole border ceremony at the India-Bangladesh border crossing site is a beating retreat flag ceremony jointly held by the military of both nations every day at 6 pm, which is open to the public as tourist attractions. [59] [60] No special permit or ticket is needed. India has similar border ceremonies with other nations.
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.
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In 1985–86, the Hili customs station was established for export-import business between Bangladesh and India. Later in 1996, it was declared by the government a full-fledged customs station. In 2005, the government handed over the port for private management. In November 2007 Panama Hili Port Link Limited took lease the port for 25 years.
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]