NEW DELHI: Indian govt’s retaliatory move to restrict import of ready-made garments (RMG) from Bangladesh via the land route is expected to increase logistics costs and transit time for the products which account for around a third of shipments from India’s neighbour in the east.While it takes only two-three days for apparel produced in Bangladesh…
MEA spokesperson Randhir Jaiswal NEW DELHI: India on Thursday explained the reason behind its decision to withdraw the transhipment facility for Bangladeshi exports and said that it was a response to Dhaka’s actions affecting bilateral trade.The decision seems to came after Bangladesh’s interim government stopped Indian yarn imports and closed three land ports.“We stand for…
Profsssor Muhammad Yunus with Prime Minister Narendra Modi NEW DELHI: India has no intention of getting itself embroiled in a trade war with Bangladesh even though the signalling from Dhaka on trade issues remains far from positive. While Bangladesh has been reported to have blocked yarn imports through land borders from India, Indian government sources…
DHAKA: The Bangladesh interim government has approved import of 50,000 tonnes of non-basmati parboiled rice from India to meet the domestic demand, a decision which demonstrates that the trade relationship between the two neighbours remains uninterrupted despite the recent chill in diplomatic ties.The proposal on rice import was approved by the committee on govt purchase…