Narinjara News

Dhaka, February 10

 

Bangladeshi deep seaport will increase trade with Asian neighbours

 

 

Bangladesh is currently preparing to build a new deep seaport very close to Burma, on an island in Cox's Bazar District.

 

The aim of the project is to create a link between Bangladesh and landlocked areas of China, India and Burma, said a report of the Shipping Ministry of Bangladesh on 9 Feb.

 

The cost of construction for the project is estimated at over 30000 million Taka (US $500 million). The proposed location of the future seaport is the offshore islands of Kutubdia Moheshkhali, which is in the Bangladeshi district of Cox's Bazar.

 

The Burmese Military government has also recently decided to build a deep seaport on Arakan State's Rambree Island, in order to promote trade with the Southwestern state of Yunan, China.

 

"The situation is not unusual because the two neighboring countries had decided to build respective deep sea ports at the same time", said a business analyst, adding that both countries expect to extend their business with China in the near future.

 

Bangladesh's recently adopted 'Look East Policy' hopes to extend its business to China and other Asian countries, while using Burma as a transit country.

 

In the 'Look East Policy', Burma is to be a major transit point between Bangladesh and China and other Asian countries.

 

The government of Bangladesh recently made an agreement with Burma to spend 1364 million Taka for a 130 kilometer long road to connect the two countries.

 

The Bangladeshi authority hopes their annual revenue will increase after the construction of the seaport and the country will be able to carry cargo from the landlocked states of India, China, and Burma.

 

According to Bangladeshi Shipping Ministry’s report, Bangladesh’s annual revenue has increased to 20,000 million Taka from the Chittagong seaport of Bangladesh, after construction of deep seaport, which is now 6,000 million Taka annual income for Bangladesh.#

 

 

 

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