ANI
17 May 2025, 22:50 GMT+10
New Delhi [India], May 17 (ANI): India has imposed restrictions on the entry of Bangladeshi ready-made garments (RMG) and other products through its northeastern land ports -- Assam, Meghalaya, Tripura, Mizoram -- and Fulbari and Changrabandha in West Bengal, following controversial remarks by Bangladesh's interim chief advisor Muhammad Yunus.
During a speech in China, Bangladesh's Chief Adviser Yunus had described India's northeastern states as a 'landlocked region with no access to the ocean.' This comment has sparked diplomatic friction, with Indian officials viewing it as undermining the region's connectivity and status.
The new restrictions will force Bangladesh to reroute exports -- including Ready-Made garments (RMG), plastics, melamine, furniture, juices, carbonated drinks, bakery items, confectionery, and processed foods -- through Kolkata port in West Bengal or Nhava Sheva port in Maharashtra, sharply increasing logistics costs.
With 93 per cent of Bangladesh's exports to India previously moving through these land routes, the impact on its RMG sector -- which exports nearly USD 740 million worth of garments to India annually -- could be severe.
Indian officials defended the move as a step toward ensuring 'fair trade,' highlighting that Bangladesh enjoys unrestricted access to India's northeastern markets while imposing barriers on Indian exports. They also noted that Bangladesh charges Indian goods 1.8 taka per tonne per kilometre, more than double its domestic rate of 0.8 taka.
'Bangladesh cannot assume market access without reciprocity. For years, India extended concessions without equal returns. This decision restores balance,' an Indian official told ANI.
According to sources, Bangladesh continues to impose port restrictions on Indian exports particularly at ICP's bordering North Eastern states. Industrial growth in the Northeastern States suffer a triple jeopardy due to imposition of unreasonably high and economically unviable transit charges by Bangladesh denying in practice access for the Northeast to the Indian hinterland.
The move is expected to disrupt Bangladesh's garment industry, raising costs and limiting market access, while creating new opportunities for Indian manufacturers. (ANI)
Get a daily dose of Vietnam Tribune news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.
More InformationCOLOMBO, Sri Lanka: A passenger bus carrying nearly 50 people skidded off a cliff in Sri Lanka's central highlands, killing 21 and...
New Delhi [India], May 17 (ANI): India has imposed restrictions on the entry of Bangladeshi ready-made garments (RMG) and other products...
Guwahati (Assam) [India], May 17 (ANI): Arunachal Pradesh Chief Minister Pema Khandu on Saturday strongly condemned China's preposterous...
Hisar, (Haryana) [India], May 17 (ANI): Haryana Police has arrested a woman from Hisar for allegedly spying for Pakistani agencies....
Kathmandu [Nepal], May 17 (ANI): A powerful windstorm that swept across multiple regions of Nepal on Friday has left at least four...
Balochistan [Pakistan], May 17 (ANI): A young man named Shahnawaz, son of Barfi, has gone missing after being detained by Pakistani...
GAZA - Israel Air Force pilots have heavily bombarded Gaza this week, killing hundreds and severely wounding hundreds more. The...
DOHA, Qatar: Boeing secured its largest widebody aircraft deal this week, as Qatar Airways placed firm orders for 160 jets with options...
NEW YORK CITY, New York: Goldman Sachs has agreed to pay a US$1.45 million civil penalty to resolve allegations from the Financial...
WASHINGTON, D.C.: The largest firefighters' union in the United States is calling for federal antitrust authorities to investigate...
LOS ANGELES, California: One person died and 32 others were hurt when a tour bus and an SUV crashed on a freeway near Los Angeles over...
COLOMBO, Sri Lanka: A passenger bus carrying nearly 50 people skidded off a cliff in Sri Lanka's central highlands, killing 21 and...