Cabinet nod to coastal shipping between India & Bangladesh

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The Cabinet today approved an agreement on coastal shipping between India and Bangladesh for transportation of goods.

The commencement of coastal shipping between the two nations will give a boost to Exim trade between the two countries.

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During negotiations held in April this year, India and Bangladesh had aslo agreed on extension of Protocol on Inland Water Transit and Trade (PIWTT) with the provision of automatic renewal.

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This is in line with the proposed amendment to the Bangladesh-India trade agreement. This will help PIWTT to be automatically renewed after five years.

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