Rouhin Deb After colliding with India over the LAC in the Galwan Valley, China has also begun courting its closest allies and neighbors with its economic prowess. Nepal has already begun dancing to China by approving a new map of the country spanning the Indian territories, adding to the sinking of New Delhi. This has led to the fall of curtains on healthy relationships once shared by India and Nepal. After Nepal, it turns out that China has headed to Bangladesh, which has a border with India and is a close ally. Recently, the Chinese government has legal tariff exemptions for 97% of Bangladeshi products exported to China.
This is not the only favor Beijing has shown towards Dhaka, but China has also pledged to give Bangladesh the most sensible priority if Beijing develops a coronavirus vaccine. have a sufficient explanation of why be cautious, either politically or for security reasons.
China already has port facilities in Sri Lanka, Myanmar and Pakistan, and can see Bangladesh as the next potential target of its international debt trap relations and strategic ports, which would pose a serious risk to India’s security if viewed from an army. Perspective.
Bangladesh also shares its border with four eastern Indian states: West Bengal, Tripura, Assam and Meghalaya. The good luck of the Indian government’s ambitious “Act East” policy, which focuses primarily on the economic progression of the backward states of the Northeast, can also be Access to the foreign seaport strategically located in Chittagong, Bangladesh (officially Chattogram) is one of the peak vital points that attract investment here and stimulate growth.
The central government recently approved the creation of a special multisectoral economic zone in Paschim Jalefa, south of Tripura, given its proximity to the port of Chittagong, at a cost of approximately 1550 crore ₹. The vision of creating an EEZ in Tripura is primarily to stimulate production in the northeastern states and create around 12,000 professional jobs. However, the key to the good fortune of this multisectoral EEZ will depend to a large extent on Bangladesh’s relations with India and China.
Recent advances in CAA and NRC laws have also confused bilaterals between India and Bangladesh. Although prime ministers from both countries described the moment as shonali adhayay (golden chapter) in Indo-Bangladesh, senior Bangladeshi government officials privately alluded to a tense hip in the midst of the problem.
Experts say China will definitely use its monetary prowess to attract Bangladesh and strengthen its influence in South Asia. What aggravates the scenario is India’s fraternal attitude towards Bangladesh, which is different from “Chinese diplomacy of non-interference and debt trap. “Bangladesh and the government may fall into this strategy and there is a possibility that the country will become some other Sri Lanka for China.
However, given India’s role in Bangladesh’s freedom and with Sheikh Hasina’s regime in power, India’s chances with Bangladesh are slim. Moreover, Bangladesh’s industry with India is much less unequal than with Beijing, with an industry deficit difference of $11. 1 billion.
But as the saying in foreign diplomacy says, “there is a non-public interest in each and every friendship. “We never know when the tide could change against India. The country therefore deserves to start reconsidering how it will treat its neighbors. India cannot compete with China in terms of investment, so it is more productive to create its own niche to be in the game. When it comes to Bangladesh, it has many cultural and linguistic similarities to the states of India. Assam, West Bengal and Tripura. Instead, India can simply take advantage of these similarities and strengthen ties through various cultural and intellectual exchanges with Bangladesh, which would have quite positive long-term implications.
India, being the most powerful neighbor, will need to be more accommodating to the various foreign business problems with its smaller neighbors like Bangladesh. This will help build a relationship based on acceptance of reality and well-being, and will triumph over appointments established for the short term. – term monetary gains.
He is a progression economist
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