India bans land imports of more Bangladesh jute products
"Imports from Bangladesh shall not be allowed from any land port on the India-Bangladesh Border," it said, adding, "Import of certain goods from Bangladesh to India is regulated with immediate effect."Earlier on June 27, India prohibited imports of a number of jute products and woven fabrics from Bangladesh through all land routes. Those imports are, however, allowed only through Nhava Sheva seaport in Maharashtra.The curbs were imposed on items such as jute products, flax tow and waste, jute and other bast fibres, jute, single flax yarn, single yarn of jute, multiple folded, woven fabrics or flex, and unbleached woven fabrics of jute.In April and May also, India announced similar curbs on imports from Bangladesh.On May 17, India imposed port restrictions on the import of certain goods like ready-made garments and processed food items, from the neighbouring country.On April 9, India withdrew the transhipment facility it had granted to Bangladesh for exporting various items to the Middle East, Europe and various other countries except Nepal and Bhutan.These measures were announced against the backdrop of the controversial statements made by the head of Bangladesh's interim government, Muhammad Yunus, in China.The comments did not go down well in New Delhi. It also drew sharp reactions from political leaders in India across party lines.India-Bangladesh relations have nosedived dramatically after Yunus failed to contain attacks on minorities, especially Hindus.Bangladesh is a big competitor to India in the textile sector. The India-Bangladesh trade stood at USD 12.9 billion in 2023-24.In 2024-25, India's exports stood at USD 11.46 billion, while imports were USD 2 billion.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsTune InMust Watch
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