India and Bangladesh are expected to sign an economic partnership agreement over the next 5 years which will preserve trade rights for Bangladesh.
According to the Economist Intelligence Unit (EIU), "Over the next 5 years, we expect the 2 countries to sign a comprehensive economic partnership agreement (CEPA), which will preserve trade privileges for Bangladesh once it graduates from the UN's least developed country status in the year 2026."
The Economist Intelligence Unit has detailed the focal points of India-Bangladesh relations over the next 5 years.
This comes ahead of the visit of Prime Minister Narendra Modi, to Bangladesh which was on March 26th- this was his first foreign visit in the last 15 months.
"Although no major agreements are expected to be signed, we viewed Mr Modi's visit as a significant show of the continuation of warm ties between the 2 neighbours, despite some tense undercurrents recently," Economist Intelligence Unit said.
The CEPA will be wider than a traditional bilateral free trade agreement, addressing non-trade barriers, e-commerce, services investment and facilitation of trade at the border, Economist Intelligence Unit said.