Now Reading: India, Bangladesh discuss reopening border haats, lifting yarn curbs
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India, Bangladesh discuss reopening border haats, lifting yarn curbs
Bangladesh and India have held talks on reopening closed border haats, fully operationalising land ports, and removing the existing restriction on yarn imports via land routes, as part of efforts to strengthen…
Bangladesh and India have held talks on reopening closed border haats, fully operationalising land ports, and removing the existing restriction on yarn imports via land routes, as part of efforts to strengthen bilateral trade relations.
The discussions come despite recent diplomatic hiccups between the two neighbours, signalling a revival of ties on the economic front. Both sides are exploring ways to boost cross-border commerce and ease supply chain bottlenecks that have affected textile and other industries in Bangladesh.
Indian Opinion Analysis
The border haats, traditional markets on the India-Bangladesh frontier, were established under a 2010 agreement but many closed during the pandemic and have not reopened. Lifting the yarn import restriction is significant for Bangladesh's ready-made garment sector, which relies heavily on Indian raw materials. The two countries share over 4,000 km of border and bilateral trade was about USD 16 billion before the recent strain. The next step will be a formal agreement on timelines for reopening the haats and ports, expected in coming months.
Source: ndtv.com
This story was synthesised by AI from the source linked above.
