Bangladesh-India trade to continue for consumers' benefit

“We have not yet received any official communication from the Indian side. Once we do, we will take appropriate steps. If any issues arise, both sides will work to resolve them through discussions,” he told reporters at the Secretariat.

Referring to media reports, the adviser said, “We’ve learned from social media and media outlets that India has taken certain decisions affecting specific land ports, including Akhaura and Dawki, as well as some border areas.”

Asked if these developments might negatively impact Bangladesh’s exports, Bashir Uddin said, “Not everything we export is affected. A large portion of our exports comes from the garment sector. Our focus remains on achieving competitiveness. The trade is beneficial to both countries. India also has a strong textile industry, yet they import our products based on our capabilities.”

He expressed optimism that the trade would continue, saying, “This is in the interest of consumers and production sectors on both sides.”

On the matter of India’s reported restrictions on transshipment and exports, the adviser remarked, “Transshipment hasn’t had any significant impact on us. We’ve managed the situation using our own capacity.”

Regarding the potential impact on Indian businesses, Bashir Uddin said, “Certainly, there will be effects. Trade is a matter of competitiveness, including transport costs. Sometimes we impose bans on agricultural imports, and so does India. This is part of the regular trade management process. Any arising issues will be addressed through dialogue.”

When asked whether Dhaka plans to hold discussions with New Delhi, he responded, “We will take all necessary measures, but as of now, we have not received any official notification.”

Addressing whether bilateral ties have influenced these decisions, the adviser said, “My responsibility is trade, and I intend to remain focused on that… I strongly support open trade. For me, trade liberalisation and inclusion are essential to building the capacity of our businesses and consumers”, reports UNB.

On how Bangladesh plans to reduce its growing trade deficit with India, he said, “This is a long-term challenge. Trade deficits cannot be eliminated overnight. What we import from India is based on proximity and necessity, and they do the same. It’s largely shaped by natural factors. Our goal is to diversify and improve competitiveness to expand trade.”