Indian President Ram Nath Kovind will conclude his attendance at Bangladesh’s 50th Victory Day celebrations today. In celebration of 50
Indian President Ram Nath Kovind will conclude his attendance at Bangladesh’s 50th Victory Day celebrations today.
In celebration of 50 years of Bangladesh’s independence, Kovind met with Bangladeshi leaders to reaffirm India’s commitment to the countries’ bilateral ties.
Bangladesh is also India’s largest trade partner in South Asia, with trade increasing amidst the pandemic from $9.46 billion in 2019 to $10.78 billion this year. Yet Bangladesh-China trade amounted to $12.09 billion in 2020, with Bangladeshi exports worth just $0.6 billion.
Expect India to expand its trade with Bangladesh as part of efforts to match China’s financial assistance to South Asian countries, China’s presence at ASEAN summits and Sino-Pakistani ties.
In the long-term however, improving cultural and economic ties under Neighborhood First and Act East will prove difficult as many in Bangladesh see India’s domestic policies under Prime Minister Shri Narendra Modi as Islamophobic.
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