India’s move on Bangladesh exports to restore equality in relationship

India's imposition of land port restrictions on specific Bangladeshi exports to the northeast aims to equalize trade relations, addressing Bangladesh's previous restrictions on Indian transit and market access. This reciprocal measure, including l...

Agencies
Land port restrictions imposed by India on select exports from Bangladesh to the north east is expected to restore equality in the relationship.

While India had hitherto allowed all exports from Bangladesh without restrictions, the transit and market access to the north east had been restricted by Bangladesh. This measure by India restores equal market access for both countries. Bangladesh has been seeking equality in engagement with India, sources said.

Relationship with Bangladesh will be on reciprocal terms. RMG imports from Bangladesh restricted to only two seaports (Kolkata and Nhava Sheva, Mumbai) is a reciprocal measure to Bangladesh imposing similar trade restrictions on Indian yarn and Rice as well as selectively enhanced inspection on all Indian goods exported to Bangladesh.





Bangladesh needs to realise that it cannot cherry pick terms of bilateral trade solely for its benefit or assume North East is a captive market for its exports, while denying it market access and transit.

ADVERTISEMENT
As underlined by Prime Minister Modi, the NorthEast is integral to BIMSTEC. The equal market space now available in the resource-rich northeast is expected to give a fillip to manufacturing and entrepreneurship in the region under the Atmanirbhar Bharat schemes and policies.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › India’s move on Bangladesh exports to restore equality in relationship
Text Size:AAA
Success
This article has been saved

*

+