New Delhi has introduced new rules affecting cross-border trade. The Directorate General of Foreign Trade (DGFT), part of the Ministry of Commerce and Industry, has set port restrictions on several imported goods from Bangladesh. These rules took effect immediately.
The new policy limits imports of readymade garments and processed food items, specifying that these can only enter through certain seaports like Nhava Sheva and Kolkata. However, imports meant for Nepal and Bhutan can still pass through India without restrictions.
Many products, including various types of cotton, plastic goods, and wooden furniture, cannot enter through land ports in northeastern states like Assam, Meghalaya, Tripura, and Mizoram, as well as specific locations in West Bengal. Surprisingly, imports like fish, LPG, edible oil, and crushed stone are exempt from these restrictions.
This change aims to streamline trade and safeguard local industries. Experts suggest that similar port restrictions globally have been implemented to protect domestic markets from an influx of foreign goods, often leading to improved local production.
Regarding social media reactions, many users have voiced concerns about potential shortages and price increases in affected products. Some see these restrictions as a necessary step, while others worry about the impact on trade relations with Bangladesh.
For further details about these regulations, you can refer to the official notification from the DGFT.
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INDIA BANGLADESH TRADE, IMPORT FROM BANGLADESH, PORT RESTRICTIONS ON BANGLADESH, INDIA IMPOSES PORT RESTRICTIONS ON KEY IMPORTS FROM BANGLADESH