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Explain the economic and trade relations of India with Bangladesh. |
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Answer» The economic and trade relations between India and Bangladesh are multifaceted. They embraced trade transaction, credit arrangements, joint ventures, transaction facilities and transport development. Their relation has remained intact even under adverse political conditions. Closer economic ties benefited to stabilize political relation between the countries especially after 1992. Bangladesh is one of the most important markets for India’s export. In 2011-12 India’s total export to Bangladesh reached sizeable level. Setting up of South Asian Preferential Treaty Arrangement, Group of Eminent persons led by the leaders of South Asian countries are the land marks in the economic integration of the two countries. |
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