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Country won't get any revenue from 'Transit'
Country won't get any revenue from 'Transit'
DU Correspondent
The country will not get any revenue from 'Transit' as the earnings will not be enough even to cover a fraction of maintenance cost of the infrastructure alone, said renowned economists in the capital Sunday.
"The net revenue earning from the transit is likely to be US$ 15-30.0 million per year while the maintenance cost of these routes will be $ 7.10 billion", said Professor MA Taslim of Economics Department of Dhaka University (DU).
The professor quoted the figure from an unpublished report prepared by a core committee formed by the government regarding transit and headed by Chairman of Bangladesh Tariff Commission (BTC).
Prof Taslim was presenting a keynote paper at a seminar titled "Transit and Connectivity" organised by Centre for Development Research (CDR) at RC Majumdar Auditorium of the university.
The economist also quoted government sources and economists' remarks that the country will earn US$ 1 billion per year as transit fees. He added that when it became clear to the people that financial calculation is not in favour of the country, the government took shelter of deception technically saying that 'Transit' is essentially a political issue; so economic cost is not a matter.
Add: At his presentation the report said that government is offering it neighbour 'corridor' under the conceptual term of 'transit' through such facilities happen among there separate nation only.
"Movement of goods from and ending in the same country cannot be called 'Transit' even though it might have required travelling through the territory of another country," the expert said.
Prof Taslim further said that country's business sector will face a crisis if the so called transit is granted. "Trade deficit will go further high with our neighbouring country if transit facilities are offered without considering the issues".
Prof Dr Asif Nazrul, Department of Law of DU criticised the remark of the economic advisor to Prime Minister that "it would be 'uncivilised' to ask India to pay for transit facilities through Bangladesh."
The legal expert said that under the international law, Bangladesh is not obliged to provide transit facilities to India. However, he added that it is a matter of negotiation between two friendly nations. So, the issue should be settled based on mutual interests.
Country won't get any revenue from 'Transit'
DU Correspondent
The country will not get any revenue from 'Transit' as the earnings will not be enough even to cover a fraction of maintenance cost of the infrastructure alone, said renowned economists in the capital Sunday.
"The net revenue earning from the transit is likely to be US$ 15-30.0 million per year while the maintenance cost of these routes will be $ 7.10 billion", said Professor MA Taslim of Economics Department of Dhaka University (DU).
The professor quoted the figure from an unpublished report prepared by a core committee formed by the government regarding transit and headed by Chairman of Bangladesh Tariff Commission (BTC).
Prof Taslim was presenting a keynote paper at a seminar titled "Transit and Connectivity" organised by Centre for Development Research (CDR) at RC Majumdar Auditorium of the university.
The economist also quoted government sources and economists' remarks that the country will earn US$ 1 billion per year as transit fees. He added that when it became clear to the people that financial calculation is not in favour of the country, the government took shelter of deception technically saying that 'Transit' is essentially a political issue; so economic cost is not a matter.
Add: At his presentation the report said that government is offering it neighbour 'corridor' under the conceptual term of 'transit' through such facilities happen among there separate nation only.
"Movement of goods from and ending in the same country cannot be called 'Transit' even though it might have required travelling through the territory of another country," the expert said.
Prof Taslim further said that country's business sector will face a crisis if the so called transit is granted. "Trade deficit will go further high with our neighbouring country if transit facilities are offered without considering the issues".
Prof Dr Asif Nazrul, Department of Law of DU criticised the remark of the economic advisor to Prime Minister that "it would be 'uncivilised' to ask India to pay for transit facilities through Bangladesh."
The legal expert said that under the international law, Bangladesh is not obliged to provide transit facilities to India. However, he added that it is a matter of negotiation between two friendly nations. So, the issue should be settled based on mutual interests.