Bangladesh’s Hegdi from India’s ban, experts said- 6,600 crore
A big shock to Bangladesh
Bangladesh trade restriction: India’s decision to ban importing from Bangladesh is expected to affect the $ 770 million worth of goods worth $ 6,600 crore through the neighboring cross -border. Ajay Srivastava, founder of the Think-Tank Global Trade Research venture (GTRI), said that ready-made garments worth $ 618 million (Rs 5,290 crore) are now facing a severe path through two Indian ports. This has limited Bangladesh’s most valuable export channel for India.
Prohibit these items
Other forbidden products forbidden to enter India through land custom stations on the border include carbonated drinks, processed food, cotton and cotton yarn, plastic and PVC finished products and wood furniture. The total value of these items is estimated at about 3 153 million (Rs 1,310 crore).
Prepare the preparatory dresses, prohibited processed food
The Directorate of Foreign Trade on Saturday issued a notice to the importation of land port for importing products such as preparatory and processed food from Bangladesh to India. According to the instructions, all types of ready -made garments from Bangladesh are not imported from any land port, however, it will only be allowed through the Nawa Shewa and Kolkata ports.
Trans-Showing Facility also ends
Earlier, India canceled the trans-shoving facility for Bangladesh, allowing Bangladesh to be exported to other countries through Indian ports and airports. India is the second largest business partner in Bangladesh after China. In the financial year 2022-23, Bangladesh-India trade was around $ 16 billion. According to industrial data, Bangladesh imported about $ 14 billion, while exports to India were $ 2 billion.
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