Setting out Policy Objectives
Trade & Commerce
A significant strategic aspect of Tripura's location is that it is surrounded by Bangladesh on three sides; and the State shares about 856 km. long international border with Bangladesh, which lies mostly in non-mountainous plain areas.
The State's location and socio-economic linkages with Bangladesh position Tripura to be the potential hub for trade with and through Bangladesh for the entire North-East India.
The connectivity to major locations in Bangladesh through existing networks is convenient due to its proximity; this can further be enhanced and upgraded with ease, as the State's border with Bangladesh is almost entirely in the plain areas.
For Bangladesh, trade with Tripura in particular shows a positive Balance of Trade. This imparts attractiveness and logical edge for promoting further links with a market in geographical proximity and more importantly with opportunity for Bangladesh to be competitive. The size of the North East Economy is fairly large at about US$ 25 billion.
The agreements signed between India and Bangladesh during the visit of the Prime Minister of Bangladesh to India in January 2010 have opened new vistas for establishing closer links between Tripura and Bangladesh. The Govt. of Bangladesh has agreed to provide India access to Chittagong Port for movement of goods to and from India through road and rail. It has also been agreed to operationalise the Sabroom (Tripura)-Ramgarh (Bangladesh) Land Custom Station which is only about 75 km. from Chittagong Port. There are agreements to establish other transport links between Tripura and Bangladesh as well. This will make transit through Bangladesh a reality and holds the potential to make Tripura the ‘trading hub’ for the North East.