Taking part in a webinar, the economists said that resumption of operations of border haats is also required for "ensuring peace, security, stability and prosperity" in the localities where they were set up.
There are four border haats along the Indo-Bangladesh border - two each in Tripura and Meghalaya. These markets are now closed because of the outbreak of novel coronavirus.
"Given the significance of the border haats in maintaining a vibrant economy at the local level, especially in remote border areas, border haats need to be reopened without any delay," Atiur Rahman, a former governor of the Bangladesh Bank, said in the webinar.
Bangladesh Bank is the central bank of the neighbouring country.
Border haats have reinforced the narrative that cross-border trade leads to increased security and economic prosperity of the local people, Rahman said.
Mohit Sippy, Senior Programme and Policy Manager, Asia Regional at the New Delhi office of the Department for International Development (DFID), said that border haats have a significant positive impact on the women living in the border regions.
"This needs to be up-scaled so as to empower and make them economically more independent," Sippy said and emphasized on the role of the border haats in achieving greater cooperation between India and Bangladesh in areas where local communities are key drivers.
"Existing border haats along the India-Bangladesh border need to be re-opened at the earliest and after adopting appropriate precautionary measures related to health and hygiene," said Bipul Chatterjee, Executive Director, CUTS International, a Jaipur-based think tank working on economic and public policy issues.
The CUTS International and the Unnayan Shamannay, a non-governmental research organization of Bangladesh, organized the webinar as part of a project supported by the United Kingdoms DFID under its Asia Regional Trade and Connectivity Programme on Thursday.
Rahman is also the chairperson of the Unnayan Shamannay.
Researchers of the CUTS International and the Unnayan Shamannay also presented their findings on "Border haats between India and Bangladesh as a tool to reduce informal cross-border trade between the two countries", a statement issued by the organizers said.
Several other economists of India and Bangladesh also took part in the webinar on border haats.
''Border haat'' is a once-a-week semi-formal market, which allows local people from both countries to trade in vegetables, fruits, spices, food items, agro-implements, cosmetics, toiletries, garments and other indigenous products. PTI JOY NN NN
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI