Under the agreement, Bangladesh tax authorities would take bond equivalent to duties and taxes from Indian companies while charges, fees and carrying cost will be charged according to General Agreement on Tariff and Trade principle in addition to regular duty and taxes
The cabinet on Monday approved a proposed agreement with New Delhi enabling the neighbouring country to use Chittagong and Mongla ports for goods movement to and from India, reports BSS.
“The draft suggested the agreement to be effective for five years with a provision of auto renewal for another five years (while) either of the countries could cancel it giving six month notice,” Cabinet Secretary Md Shafiul Alam told a media briefing at Bangladesh Secretariat.
Shafiul said the agreement would allow India to use Chittagong and Mongla ports to carry goods to their North Eastern states in a very short time.
He said the neighbouring country, however, would have to follow the international rules and General Agreement on Tariff and Trade (Gatt) as well as Bangladeshi laws and rules in carrying the goods.
The agreement suggested Bangladesh’s tax authorities would take bond equivalent to duties and taxes from Indian companies while charges, fees and carrying cost will be charged according to Gatt principle in addition to regular duty and taxes.
Four routes were suggested for the goods movements which are – Chittagong Port/ Mongla Port-Agartala via Akhaura; Chittagong/Mongla-Daouki via Tamabil; Chittagong/ Mongla-Sutarkandi via Sheola; and Chittagong/Mongla-Bibekbazar via Simantapur.
But, Shafiul said, under the agreement only Bangladeshi vehicles and vessels would be used to carry the goods inside Bangladesh. “Primarily the agreement will be signed between Bangladesh and India and Nepal and Bhutan can also join the pact,” the Cabinet secretary said.
The draft deal said Bangladesh authorities would use tracking systems like global positioning system (GPS), e-lock and e-seal to identify the goods carrying vessels.
“A major objective of the proposed agreement was to strengthen the existing cordial bilateral ties,” Alam said.
The Cabinet, he said, also approved a proposed agreement with a Chinese company on power sector business allowing state owned West Zone Power Distribution Company (WZOPADICO) Ltd to sign the deal with Hexing Electrical Co Ltd. China to establish a joint venture company.
The company would be called Bangladesh Smart Electrical Company (BSEC) Ltd to produce smart meter and other electrical goods with authorized and paid up capitals worth Tk50 crore and Tk28.60 crore, respectively.
The Cabinet secretary said the WZPOADICO with 51% share of the company will provide Tk14.58 crore while Chinese company will give Tk14.02 crore as capital.
The meeting also okayed as well a proposal to ratify an amendment to the OIC Charter suggesting its summit to be held in every two years instead of existing three years.
The meeting witnessed the approval of drafts of Bangladesh Public Administration Training Centre (BPTC) Act, 2018 and National Curriculum and Textbook Board Act, 2018 replacing two related ordinances promulgated in 1984 and 1983 respectively by the then military regime.
Shafiul said the BPTC Act, 2018, was formulated without major changes except in the formation of its Board of Governance structure which suggested inclusion of the public administration minister and state minister in the body as ex-officio members.
The NCTB Act, 2018, however, brought some changes in the previous ordinance, recognizing it as a statutory body under the Secondary and High Education Division.
“During its functioning, the Board, however, will follow the directives and instructions to be issued by the government from time to time,” Shafiul said.
The draft suggests the NCTB to comprise nine members instead of existing five including its chairman with specific responsibilities over textbook printing and publication, primary education, secondary and higher secondary education, madrasa education, vocational education, curriculum training, curriculum research and evaluation and finance.
It suggested a new provision obligating the Board to submit its annual report to the government on March 31 every year.
The law entrusted the board with the task of publishing books for small ethnic groups in their mother languages in addition to publication and approval of the interactive books.