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 limitations on RMG imports to select seaports, mirrors Bangladesh’s trade barriers on Indian goods.
India’s move on Bangladesh exports to restore equality in relationship
US authorities rejected at least 15 shipments of Indian mangoes due to documentation errors related to mandatory irradiation, despite the process being overseen by a USDA officer in Mumbai. Exporters face potential losses of $500,000 as they are forced to destroy the perishable cargo, disputing claims that the treatment wasn’t completed and highlighting discrepancies with […]
India restricts port imports of garments, processed food and other select items from Bangladesh
6 months ago
The Directorate General of Foreign Trade has imposed immediate port restrictions on specific imports from Bangladesh. Ready-made garments can now only enter through Nhava Sheva and Kolkata seaports, excluding land ports. Furthermore, various goods like processed foods, plastics, and wooden furniture face restrictions, barring entry through Land Customs Stations and Integrated Check Posts in several […]
India has ascended to become the fourth-largest exporter of marine products, marking a significant rise from eighth position in 2014-15. Exports surged to 16.85 LMT in FY25, a substantial increase from 10.51 LMT a decade prior, with export value reaching $7.2 billion. This growth, driven by improved practices and infrastructure, reflects India’s enhanced global competitiveness.
India imposes port curbs on Bangladesh imports
6 months ago
In response to Dhaka’s trade restrictions, India has imposed port limitations on certain imports from Bangladesh, including readymade garments and processed foods. This action, affecting land customs stations and integrated check posts, follows a cooling of relations and aims to reciprocate Bangladesh’s measures on Indian yarn and value-added items.
Trump hinted at a potential trade deal with India coming, mentioning India’s willingness to eliminate all tariffs on US goods, though he stated he’s in “no rush.” External Affairs Minister S. Jaishankar emphasised that any agreement must be mutually beneficial.
BTA talks: India, US trade ministers to assess progress from May 17; to give political guidance
6 months ago
India and the US are set to begin crucial trade talks in Washington. Piyush Goyal will meet with US officials to advance the bilateral trade agreement. Discussions will cover market access and non-tariff barriers. Both nations aim for an interim trade deal before finalizing the agreement this fall. The US remains India’s largest trading partner, […]
Indian traders have declared a complete boycott of Turkey and Azerbaijan due to their support for Pakistan during a recent conflict. The Confederation of All India Traders (CAIT), representing millions, announced the immediate halt of all imports and exports. Companies are warned against filming in these nations, facing boycotts themselves.
President Trump announced plans to unilaterally set tariff rates for numerous US trading partners within weeks, citing insufficient resources for individual negotiations. Treasury and Commerce officials will issue letters outlining these tariffs. While prioritizing talks with key nations, the administration aims to implement reciprocal tariffs, potentially impacting US consumers as costs are passed down.
Following Turkiye’s support for Pakistan during recent hostilities with India, jewellers in Lucknow have boycotted Turkish jewellery. This decision will impact the purchase, sale, and display of Turkish-designed items, halting imports and cancelling existing orders.