What Bangladesh’s ban on yarn imports via land ports could mean for Indian exporters

News Snapshot:

The move came days after India rescinded its 2020 order permitting the transshipment facility for Bangladeshi goods through its land customs stations to third countries. On Wednesday, Bangladesh National Board of Revenue (NBR) suspended yarn imports through the Benapole, Bhomra, Sonamasjid, Banglabandha, and Burimari land ports to address concerns within the domestic textile sector regarding false declarations and unfair competition, according reports in Bangladeshi media. New Delhi: Bangladesh’s decision to ban yarn imports from India through its land ports could result in logistical costs and add delays, but it is unlikely to trigger a broader trade conflict, say experts ThePrint...