https://sputniknews.in/20250518/indias-trade-ties-with-bangladesh-to-be-on-reciprocal-terms-sources-9154434.html
India's Trade Ties with Bangladesh to be on Reciprocal Terms: Sources
India's Trade Ties with Bangladesh to be on Reciprocal Terms: Sources
Sputnik India
India's recent decision to enforce import land port restrictions on certain Bangladeshi imports is expected to restore equality in ties, sources told Sputnik India.
2025-05-18T20:46+0530
2025-05-18T20:46+0530
2025-05-18T20:46+0530
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India's decision to enforce import land port restrictions on certain Bangladeshi imports is expected to restore equality in ties, sources told Sputnik India.The source stated that India's ties with Bangladesh from now onwards would be on "reciprocal terms"."Readymade Garments (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," sourced explained the rationale behind the 17 May directive by India's Commerce and Industry Ministry."Bangladesh needs to realise that it cannot cherry pick terms of bilateral trade solely for its benefit or assume India's North-east is a captive market for its exports, while denying it market access and transit," the sources emphasised.The source dispelled any major implication for India's north-east due to the trade restrictions, while underscoring that the Indian region remained "integral" to the seven-nation The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) grouping.On Saturday, India's Directorate General of Foreign Trade (DGFT) issued a notification imposing port restrictions on the import of certain category of Bangladeshi goods. These Land Customs Stations (LCSs)/ Integrated Check Posts (ICPs) are located in Assam, Meghalaya, Tripura and Mizoram, as well as Changrabandha and Fulbari in West Bengal.The port restrictions don't apply to the import of fish, LPG, edible oil, and crushed stone from Bangladesh, the Indian order said.Further, the land import ban also applies to Bangladeshi food items, cotton and yarn waste, plastic, PVC and dyes among other items.
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India's Trade Ties with Bangladesh to be on Reciprocal Terms: Sources
Sources said that India's decision to impose land port restrictions on certain categories of imports from Bangladesh was a reciprocal measure.
India's decision to enforce import land port restrictions on certain Bangladeshi imports is expected to restore equality in ties, sources told Sputnik India.
"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," they explained.
The source stated that India's ties with Bangladesh from now onwards would be on "reciprocal terms".
The government source said that the
Bangladeshi authorities led by interim Chief Advisor Muhammad Yunus has been seeking "seeking equality in engagement with India"
"Readymade Garments (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," sourced explained the rationale behind the 17 May directive by India's Commerce and Industry Ministry.
The Indian source said that Bangladesh couldn't just take it for granted that the landlocked north-eastern part of India was a "captive market" just because Bangladesh offered the Indian region closest port connectivity.
"Bangladesh needs to realise that it cannot cherry pick terms of bilateral trade solely for its benefit or assume India's North-east is a captive market for its exports, while denying it market access and transit," the sources emphasised.
The source dispelled any major implication for India's north-east due to the trade restrictions, while underscoring that the Indian region remained "integral" to the seven-nation The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) grouping.
"As underlined by Prime Minister Modi, the North-east 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," the source stated.
On Saturday, India's Directorate General of Foreign Trade (DGFT) issued a notification imposing port restrictions on the import of certain category of Bangladeshi goods.
These Land Customs Stations (LCSs)/ Integrated Check Posts (ICPs) are located in Assam, Meghalaya, Tripura and Mizoram, as well as Changrabandha and Fulbari in West Bengal.
The new Indian import restrictions don't apply to imports transiting India for Nepal and Bhutan, other land-locked countries bordering India's northeastern states.
The port restrictions don't apply to the import of fish, LPG, edible oil, and crushed stone from Bangladesh, the Indian order said.
Further, the land import ban also applies to Bangladeshi food items, cotton and yarn waste, plastic, PVC and dyes among other items.
