Bangladesh lost $ 770 million due to a ban on the trade in India

New -Delhi, May 18 (IANS). India’s decision to prohibit imports from Bangladesh is expected to affect goods worth $ 770 million (RS 6.600 crore) that come through the boundary limit in the neighboring country. Ajay Srivastava, founder of the Think-Tank Global Trade Research Initiative (GTRI), said: “Letimed clothing worth $ 618 million (Rs 5.290 crore) now stands in front of a strict route through only two Indian ports. Other items that are prohibited from entering India through soil stations on the border are carbonated drinks, processed foods, cotton and cotton wire vests, plastic and PVC complete goods and wood furniture. The total value of these items is estimated at about $ 153 million (Rs 1.310 crore). The Directorate General of Foreign Trade in India issued a notice on Saturday for the import of goods such as ready -made garments, processed foods, etc. From Bangladesh to India. According to the instructions, “All types of reading clothes from Bangladesh will not be imported from any land port, but it will only be allowed by Nhawa Sheva and Kolkata ports.” Earlier, India abolished the Trans-Showing Facility for Bangladesh, allowing Bangladesh to export its products through Indian ports and airports to other countries. India is the second largest trading partner in Bangladesh to China. In FY 2022-23, Bangladesh India trade was about $ 16 billion. According to the operating data, Bangladesh imported about $ 14 billion goods, while exports to India were only $ 2 billion. -Ians SKT/ABM shares this story -tags