India does not want a trade war with Bangladesh, TOI reports
However, India has assured that Bangladesh’s trade with Nepal and Bhutan using Indian territory will not be impacted by these events, it adds
India is concerned about trade issues with Bangladesh, but has no intention of embroiling in a trade war, Times of India reported today (17 April), citing anonymous sources.
"While Bangladesh has been reported to have blocked yarn imports through land borders from India, Indian government sources maintain that India's recent withdrawal of the trans-shipment facility extended to Bangladesh in 2020 was meant to ease congestion at Indian ports and airports," the report reads.
However, India has assured that Bangladesh's trade with Nepal and Bhutan using Indian territory will not be impacted by these events, it adds.
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"Amid a series of anti-India statements and also actions by Dhaka that bordered on trade hostilities, PM Narendra Modi had urged Bangladesh Chief Adviser Muhammad Yunus in their recent meeting in Bangkok to avoid rhetoric that could vitiate the atmosphere.
"The Indian side believes that even before the transshipment facility was blocked, the interim government in Bangladesh had taken steps that threatened to disrupt trade ties," the report states.
