G20 Summit Preceded by Bilateral Meet between India and Bangladesh, 3 MoUs Signed

Prime Minister Narendra Modi and Bangladeshi Prime Minister Sheikh Hasina held bilateral talks in New Delhi on Friday, resulting in the signing of three Memoranda of Understanding (MoUs) between the two countries. One of the MoUs was regarding the cooperation of digital payment mechanisms.

India, Bangladesh Sign 3 MoUs After Bilateral Meet Ahead Of G20 Summit

The Memorandum of Understanding (MoU) on cooperation in Digital Payment mechanism was signed between the National Payments Corporation of India (NPCI) and Bangladesh Bank, as announced by the Ministry of External Affairs.

Another MoU focuses on the renewal of the Cultural Exchange Program (CEP) between India and Bangladesh for the period of 2023-2025. The third MoU was signed between the Indian Council of Agricultural Research (ICAR) and the Bangladesh Agriculture Research Council (BARC).

During the bilateral meeting, Prime Minister Modi and Sheikh Hasina expressed their anticipation for the initiation of negotiations on the Comprehensive Economic Partnership Agreement (CEPA), which will cover trade in goods and services, as well as investment protection and promotion, according to the MEA release.

The two leaders discussed various aspects of bilateral cooperation, including political and security cooperation, border management, trade and connectivity, water resources, power and energy, development collaboration, and cultural and people-to-people linkages. They also discussed recent regional developments and collaboration in international fora.

Prime Minister Modi and Sheikh Hasina appreciated the progress made in implementing development cooperation projects. They expressed their eagerness to jointly inaugurate projects such as the Agartala-Akhaura Rail Link, Unit-II of the Maitri Power Plant, and Khulna-Mongla Rail Link at a later date.

Acknowledging the regional situation of Bangladesh, PM Modi commended the country for hosting over a million persons displaced from Rakhine State in Myanmar. India expressed its commitment to supporting safe and sustainable repatriation of the refugees.

Bangladesh Prime Minister Sheikh Hasina praised Prime Minister Modi for his hospitality and both leaders expressed their desire to continue exchanges at all levels. They affirmed their commitment to further enhancing their extensive engagement.

Tarah Nguyen