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Bangladesh and India exchanged all of their 162 border enclaves in 2015 after 70 years of protracted negotiations. This paper offers an explanation as to why these enclaves were exchanged and why it took so long for the exchange to be executed. In so doing, I offer the concept of "symbolic spaces" to demonstrate that in postcolonial South Asia, enclaves gained oversized significance in nationalistic and territorial discourses. Such elevated significance effectively turned them into symbols of nationalism and territoriality, which played the major role in both their existence and their exchange. In explaining the exchange, I also contend that, although rare, states may exchange territories if it serves significant geopolitical and geo‐economic interests for the parties involved and if the exchange can be portrayed as a victory for the nation. This paper explains why the border enclaves of India and Bangladesh were exchanged. In so doing, it argues that these were symbolic spaces that overpassed their significance in the nationalistic discourses of these two states. [ABSTRACT FROM AUTHOR]