Coup In Bangladesh Shakes Trade Ties With India, More Than Just $13 Billion At Stake

#SheikhHasina #BangladeshCrisis #IndiaBangladeshRelations #IndiaBangladeshTrade #TradeInCrisis
The finance ministry is closely monitoring the unfolding crisis in Bangladesh, concerned about its potential impact on trade and economic stability. Sheikh Hasina's tenure saw a significant boost in trade relations between India and Bangladesh, with a notable trade surplus in India's favour. Her exit could disrupt these gains, affecting the movement of goods and people and stalling a potential free trade agreement (FTA) between the two nations. Bangladesh has been a crucial ally to India since Prime Minister Hasina came to power in 2009, helping to eliminate anti-India terrorist groups and fostering strong economic, social, and cultural ties. Their bilateral trade reached $13 billion in the financial year 2023-24, with Bangladesh being the top destination for India's cotton exports and a significant importer of petroleum products and cereals. Here’s all about trade between the two nations.
#EconomicStability #TradeRelations #FreeTradeAgreement #BilateralTrade #SouthAsia #EconomicImpact #TradeSurplus #CottonExports #PetroleumImports #CerealImports #TradeDisruption #RegionalEconomy #EconomicTies #CrisisManagement #FinanceMinistry #Geopolitics
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