Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 18, 2020

India Seeks to Mend Bangladesh Ties With Vaccine Diplomacy

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
Nifty Top 20 Equal Weight
--
MSCI World
--
Pritika Auto Industries Ltd
--
SAB Events & Governance Now Media Ltd.
--
MSCI AC Asia ex-Japan
--
Regency Investments Ltd.
--
BSE Healthcare
--
Lawreshwar Polymers Ltd.
--
Ajmera Realty & Infra India Ltd.
--
Lawreshwar Polymers Ltd.
--

India reassured Bangladesh it will prioritize the supply of Covid-19 shots to its South Asian neighbor, part of its vaccine outreach to counter China's rising influence in the region.

India's Prime Minister Narendra Modi and Bangladesh's Sheikh Hasina met in a virtual summit Thursday -- the first high-level meeting of the leaders from the two countries since relations nosedived when India passed its controversial religion-based citizenship law late last year.

“India and Bangladesh are cooperating well on the Covid vaccine,” Modi said at the summit's inauguration, adding that New Delhi “will pay special attention” to Bangladesh's immunization requirements.

Hasina said the two countries can move up global value chains by further integrating their economies. She also announced the inauguration of the Chilahati-Haldibari trans-border railway link between the countries that had stopped functioning in 1965.

Modi Finds Neighbors Silent As India-China Tensions Simmer

Last December Bangladesh's foreign minister AK Abdul Momen and home minister Asaduzzaman Khan had both called off visits after nationwide protests erupted in India against its new citizen law. The new law fast-tracks Indian citizenship for non-Muslims from three neighboring nations including Bangladesh.

New Delhi has since been making overtures to smoothen relations with Dhaka, with whom it has a long history of cooperative ties.

Indian foreign secretary Harsh Vardhan Shringla visited Bangladesh twice this year. The second visit in August came amid rising border tensions with China, which has committed $40 billion in investments in Bangladesh.

On Thursday the two countries signed seven agreements relating to trade, energy and agriculture. Annual trade between India and Bangladesh stood at $10.25 billion in the fiscal year ended March 2019, Indian government data shows.

New Weather Patterns Are Turning Water Into a Weapon

A joint statement released after the meetings said that Hasina highlighted the need for the early signing of an interim agreement on sharing the waters of the Teesta river. Modi too reiterated India's “sincere commitment and continued efforts” to reach an agreement on the dispute that has lingered since the 80s.

Indian foreign minister Subrahmanyam Jaishankar and his counterpart Momen had committed to finalizing an interim deal in September.

The “long-drawn failure to sign the Teesta river water agreement” and the new citizenship law have together “unsettled public opinion in Bangladesh” against New Delhi despite decades of close ties, said Delwar Hossain, a professor of international relations at Dhaka University. “Now Covid-19 has brought the two nations together once again.”

Bangladesh's Beximco Pharmaceuticals Ltd. signed an agreement with Serum Institute of India Pvt. in November for 30 million vaccine doses, shortly after India's Jaishankar committed supplies to Dhaka during his meeting with Momen.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search