India-Bangladesh trade
India-Bangladesh trade

India-Bangladesh trade

News summary

India's recent deal to operate Mongla port in Bangladesh is part of its strategy to enhance maritime influence and compete with China's extensive port investments globally. This development comes as India's share of merchandise exports to traditional markets declines, with a pivot towards Asian, African, and Middle Eastern countries as major export destinations. Meanwhile, trade between India and Bangladesh remains suspended at the Petrapole land port due to ongoing violence in Bangladesh, affecting the movement of goods and leaving numerous trucks stranded. Despite the trade halt, passenger movement, particularly for students, continues with assistance provided at the port. The Indian government is actively working to address the situation and facilitate the return of stranded trucks. This confluence of events highlights the shifting dynamics in regional trade and geopolitical strategies.

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