** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Bangladesh, Bhutan sign MoU on transit

23 March 2023

News Desk :
Bangladesh and Bhutan have signed a memorandum of understanding on transit, aiming to strengthen trade ties.
As part of the MoU, Bhutan can pay a fee and use land, water and aviation routes in Bangladesh to run its import and export business with a third country. Bangladesh, on the other hand, can run trade with China through Bhutan using the transit facility when Bhutan gets direct road connectivity with China in the future.
Bangladesh Commerce Minister Tipu Munshi and Bhutan's Trade, Industries and Employment Minister Karma Dorji signed the initial deal in Thimphu on Wednesday, reports bdnews24.com
Tipu Munshi hoped that the new agreement will pave the way for smooth trade and business between the two countries, the commerce ministry said in a statement.
After Bhutan dropped out of the Bangladesh, Bhutan, India, and Nepal Motor Vehicles Agreement, it proposed a bilateral transit agreement with Bangladesh. In September 2022, the countries held meetings and drafted an agreement and protocol.
The Bangladesh government then approved the transit deal at a cabinet meeting.
On Dec 6, 2020, Bangladesh signed a preferential trade agreement with Bhutan. Under the agreement, both countries were supposed to get tax-free trade facilities for some commodities.
In the 2008-09 fiscal year, the bilateral trade between the countries stood at $12.16 million, which rose to $57.9 million in the 2018-19 fiscal year.   Bangladesh mainly exports garments, food products, plastic goods, medicine, household products, and electronic products to Bhutan, while it imports fruits and vegetables, minerals, construction materials, boulders, pulp and chemicals from Bhutan.

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