India’s port Karbes threatened regional trade: Bangladesh | Bharat News
Dhaka: Bangladeshi exporters are worrying over India’s newly imposed port restrictions such as readymade garments (RMGs) and processed foods, warning that the move would “delay, high cost and disrupt”. While experts look at restrictions Non-tariff barriers This can significantly affect Bangladesh’s export competition, the interim government has said that any issue arising out of new measures will be addressed through dialogue, hoping that the business relationship will remain stable.Commerce Advisor SK Bashir Udin On Sunday, the government said that the government has not yet received any formal notification on the sanctions. Expressing optimism that the business will continue, he said, “This is in the interest of consumers and production areas on both sides.”Meanwhile, 17 trucks carrying food products were stuck on the border due to restrictions. These truck loads of goods were determined for crossing the border on Sunday morning and the head of Siliguri (West Bengal).A former director of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said that now Bangladeshi clothes will take longer to reach their destination than before, and the cost will increase. “This means the export will be reduced to some extent,” he said. The exporter said, “At a time when the world trade is surrounded by various problems, such mutual trade restrictions will further increase the level of loss to both sides.”The Commerce Advisor also said that the government has started assessing the possible impact of the Indian government’s move. He said, “We have launched an initial review to consider Bangladesh,” he said.On Saturday, in an “anti -retardation step”, the Indian government banned the import of several products from Bangladesh, including a ban on entry of readymade clothing through the land route.In a notification released on Saturday, the Directorate General of Foreign Trade, however, allowed clothes on the main grounds of the Bangladesh industry, only sent through Nhawa Sheva and Kolkata ports. While fish, edible oils, LPGs and crushed stones are spared, import of many products through all land customs stations and the unified check posts in Assam, Meghalaya, Tripura, Mizoram and Changarbanha and Fulbury will be closed in West Bengal.
