Cabinet nods water transit protocol to renew every 5 years

Cabinet nods water transit protocol to renew every 5 years

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The Cabinet on Monday approved the draft amendment to the Protocol on Inland Water Transit and Trade (PIWTT) between India and Bangladesh, enabling it to be automatically renewed after every five years.
The approval was given at the regular meeting of the Cabinet held at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair.
Secretary (Coordination and Reforms) of Cabinet Division Nazrul Islam briefed reporters after the meeting.
He said the draft amendment mentions that the Protocol will be renewed after every five years instead of the current norm of three years.Under the amendment a third country could be included in the mutually beneficial arrangement for the use of waterways for commerce and passage of goods between two places in one country through the territory of the other.
The Protocol was first signed in 1972 and since then it has been continuing without any interruption. Its tenure expired on March 31, 2015.
“Under the proposed amendments, the tenure of the agreement would be of five years instead of the existing three years and it would be automatically renewed,” Nazrul Islam said.
Besides, Nazrul Islam said two reports on the participation of Bangladesh delegation in the 3rd World Conference on Disaster Risk Reduction held in Japan on March 14-18 and in the Global Conference on cyberspace held at The Hague in Holland led by the Foreign Minister were also placed before the cabinet.
Cabinet members, State Ministers concerned attended the meeting. Secretaries concerned were also present. – UNB

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