India’s curbs on imports to cost Bangladesh $770 million, impacting 42% of bilateral imports: GTRI
How did your country report this? Share your view in the comments.
Diverging Reports Breakdown
India’s curbs on imports to cost Bangladesh $770 million, impacting 42% of bilateral imports: GTRI
India’s reciprocatory move on banning several imports from Bangladesh will hit the neighbouring country with a $770 million bill amounting to nearly 42% of bilateral imports. The order, released by the Union Ministry of Commerce and Industry on May 17, marks a decisive shift in trade policy, with clear geopolitical undertones. Readymade garments, processed food, and plastic products are among the major categories affected, now restricted to select sea ports or banned from land entry altogether. The move appears to have come in response to similar curbs placed by Dhaka on certain Indian products last month. Since late 2024, Bangladesh has escalated trade curbs on Indian goods.
Source: Businesstoday.in | Read full article
India’s decision to curb Bangladeshi exports via land ports aimed at ensuring fairness: Sources
India has restricted Bangladeshi ready-made garment exports through land ports, citing unfair trade practices. This decision responds to Bangladesh’s barriers on Indian yarn and rice, aiming for reciprocal trade terms. The move impacts Bangladesh’s significant RMG exports, valued at $700 million annually, with 93% entering India via land ports. India’s trade relationship with Bangladesh will be based on “reciprocal terms” and the decision on restricting exports is in response to Dhaka imposing similar trade barriers on India’s rice and yarn. New Delhi is also opposed to Bangladesh considering the Northeastern region as a captive market for its exports, while denying it market access and transit. There are 11 land transit points in the Northeast for trade between India and Bangladesh. Out of them, three are in Assam, two in Meghalaya and six in Tripura.
Source: M.economictimes.com | Read full article
India limits 42% of imports from Bangladesh, targeting $770 million in goods: GTRI
India has imposed new restrictions on imports from Bangladesh through land ports, affecting goods worth around USD 770 million. This amounts to nearly 42 per cent of total bilateral imports, according to the Global Trade Research Initiative (GTRI) The move limits several key Bangladeshi products, including readymade garments, processed foods, and plastic items, to specific sea ports or bans them entirely from entering India via land routes. The friction intensified after Bangladesh’s interim chief adviser, Muhammad Yunus, made controversial remarks during a visit to China. Yunus described India’s northeastern states as a “landlocked region with no access to the ocean,” a comment viewed by Indian officials as undermining the region’s connectivity. The new Indian restrictions aim to protect local manufacturing in the northeast and support the Atmanirbhar Bharat initiative. They appear to be a direct response to Bangladesh’s increasing trade barriers against Indian exports and a shift in Dhaka’s diplomatic focus towards China. The fall of Sheikh Hasina’s pro-India government in mid-2024 and the rise of Yunus’s interim administration have altered Bangladesh’s regional stance, which India perceives as a growing challenge.
Source: M.economictimes.com | Read full article
Bangladesh dollar trade to be hit by India’s port restrictions, may lose $770 million
India’s decision to impose port restrictions on Bangladeshi goods may hurt Dhaka’s dollar-earning trade. The biggest blow would be to Bangladesh’s main export—garments, which earned $618 million between April 2024 to February 2025. The Indian government has not officially stated a geopolitical reason for its decision. Since the fall of Sheikh Hasina’s pro-India government in mid-2024, Bangladesh has moved closer to China. But experts believe the India-Bangladesh relationship is not beyond repair and remains India’s largest trading partner in South Asia, with a $14 billion bilateral trade gap in FY22-23. The trade action closely follows Bangladesh’s restrictions on Indian exports, which include a ban on yarn through five key land ports, curbs on rice, and limits on items like paper, tobacco, and milk powder, said Ajay Srivastava, co-founder of GTRI. In FY24, total trade fell to $91 billion, with exports at $11.07 billion and imports at $1.85 billion.
Source: Livemint.com | Read full article
India is ‘tariff-ied’: Trump’s reciprocal tariffs and its impact on New Delhi explained
US President Donald Trump recently announced new tariffs on certain imports from India and over 60 countries. This move comes as Indian Prime Minister Narendra Modi has been actively negotiating a Bilateral Trade Agreement aimed at strengthening trade ties between the two nations. The imposition of these tariffs could significantly impact Indian exporters, particularly in key industries such as steel, textiles, and auto manufacturing. The latest tariffs are a part of the ongoing US-India trade relationship, affecting exports from India to the US. Since the US accounts for 18% of India’s total exports and 10.73% of bilateral trade, the impact could be significant. The US has also imposed 54% tariffs on China; 46% on Vietnam; 37% on Bangladesh; 36% on Thailand. As per the industry players and experts, India’s position is comparatively more favourable than that of its competitor nations even as the duties might pose challenges for Indian goods. The recent developments are poised to have significant implications for Indian businesses that face competition from other countries.
Source: M.economictimes.com | Read full article
Global Perspectives Summary
Our analysis reveals how this story is being framed differently across global media outlets.
Cultural contexts, editorial biases, and regional relevance all contribute to these variations.
This diversity in coverage underscores the importance of consuming news from multiple sources.
Sources
- Original: India’s curbs on imports to cost Bangladesh $770 million, impacting 42% of bilateral imports: GTRI
- India’s decision to curb Bangladeshi exports via land ports aimed at ensuring fairness: Sources
- India limits 42% of imports from Bangladesh, targeting $770 million in goods: GTRI
- Bangladesh dollar trade to be hit by India’s port restrictions, may lose $770 million
- India is ‘tariff-ied’: Trump’s reciprocal tariffs and its impact on New Delhi explained
Source: https://www.businesstoday.in/india/story/indias-curbs-on-imports-to-cost-bangladesh-770-million-impacting-42-of-bilateral-imports-gtri-476731-2025-05-18