In 2019, the government has taken several progressive policies and important new initiatives to accelerate the overall development of the maritime sector. A standard operating agreement and procedure (SOP) has been signed between the two countries for the use of the port of Mongla and the port of Chattogramm for the movement of goods to and from India. The coasting agreement will allow Indian ships to reach Mizoram through the port of Sittwe on the Bay of Bengal and the multimodal link of the Kaladan River. According to sources, the project envisaged by the Vajpayee government has been on hold for the past 20 years. Sources said the meeting, which met before Myanmar`s parliamentary elections, should conclude the cabotage agreement for the launch of the Kaladan multimodal project and discuss measures to strengthen security relations with Chinese-backed insurgent groups. At the first meeting of the BIMSTEC (Bay of Bengal Initiative for Multi-Sectal Technical and Economic Cooperation) working group, Member States discussed the draft agreement of CABOTAGE BIMSTEC. The agreement was drawn up by the Ministry of Navigation, the Government of India, which aims to promote coasting in the BIMSTEC region. In addition, a mutual recognition agreement for sea certificates was signed with Sweden in December 2019. India and Bangladesh have signed the Standard Operating Procedure (SOP) for the implementation of the coasting agreement between the two countries. The agreement was signed in June 2015 to improve bilateral trade by reducing the logistical costs of EXIM transport. Important facts of SOP The SOP has been brought into compliance with the conditions .. October 7, 2020: India`s army chief, General M.M Naravane and Foreign Minister Harsh Shringla reached the cabotage agreement with Myanmar on Monday during a meeting with his state adviser, Aung San Suu Kyi. The ministry has taken several initiatives to promote coastal navigation, as coastal navigation is the first priority of the Department of Sagarmala.
In order to continue this pace and continue the growth of coastal trade, the Asian Development Bank has developed a perspective plan for the development of coasting in India until 2025. The plan addresses the cabotage sector in a comprehensive way, recognizing its potential and challenges, and addresses them through the necessary infrastructure, regulatory and commercial interventions. In 2019, there have been a series of cooperation agreements and international events. In order to stimulate bilateral trade with other countries and to ensure cooperation and coordination in the maritime sector, several CEE countries have been signed with neighbouring countries, South Asia and other countries such as Bangladesh, Nepal, Myanmar, Bhutan, Denmark and Sweden.