Bangladesh dollar trade to be hit by India’s port restrictions, may lose $770 million

News Snapshot:

New Delhi: India’s decision to impose port restrictions on Bangladeshi goods may hurt Dhaka’s dollar-earning trade, especially in garments and processed goods, at a time when the country is already navigating a tricky economic and geopolitical shift. According to the Global Trade Research Initiative (GTRI), a trade think tank, New Delhi’s move may restrict imports worth $770 million from Bangladesh—nearly 42% of total inbound shipments—by barring several goods from land routes and limiting them to a few seaports. India’s move, which affects key items like readymade garments, processed food, and plastics, comes against the backdrop of Dhaka’s growing closeness to...