India Restricts $770M Imports From Bangladesh, 42% Of Bilateral Trade: GTRI

India's restrictions on imports from Bangladesh via land ports will impact goods worth USD 770 million, accounting for nearly 42 percent of total bilateral imports, according to the Global Trade Research Initiative (GTRI) report, a trade-focused research Group.

- TBG NETWORK

Union Ministry of Commerce and Industry on Saturday imposed immediate port restrictions on the import of several categories of goods from Bangladesh, following a directive issued by the Directorate General of Foreign Trade (DGFT).

After this decision, key goods like garments, processed foods, and plastic items are now limited to select sea ports or barred from land routes entirely.

Under the new policy, Bangladeshi garments, which are valued at USD 618 million annually, can now enter India only through two designated seaports, effectively barring access via land routes that previously served as primary trade arteries.

The decision will severely impact Bangladesh's most lucrative export channel to India, the GTRI added.