trade

The conflict between the West Asian countries will also negatively impact trade via sea route. The diversion in the sea route could lead to enhanced prices and well shipping risks.

The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, has issued a notification imposing port restrictions on the import of certain goods such as Readymade garments, processed food items etc., from Bangladesh to India.

Turkish companies have worked in partnership with Indian companies in several key sectors including, metro rail, tunnel construction, airport services, education, media and cultural cooperation.

 Following trade talks in Geneva, in which the United States and China agreed to withdraw reciprocal tariffs for an initial 90-day period, US President Donald Trump described the outcome as a "total reset" in relations with China.

Congress leader Rashid Alvi termed India's decision to halt all direct and indirect imports from Pakistan as a "cosmetic step", claiming that with bilateral trade effectively halted, it is India which will be affected more

The decree signed to implement the changes came into effect in January 2025. It outlines provisions for early retirement, resignation, reskilling and training to facilitate the reorganisation of cadres, public employees and civil servants.

The two leaders also exchanged views on various regional and global issues of mutual interest, and called for dialogue and diplomacy as the way forward.

The interim government's decision, which is likely to increase the import time, did not sit right with Bangladeshi garment and knitwear exporters.

Indian government on Wednesday revoked the transshipment facility given to Bangladesh. Now Bangladeshi exporters will have to use longer routes, which will add significant delays and cost to the shipments

The Modi govt has been taking proactive measures, including trader negotiations, tariff relaxations, diversification and sectoral analysis to mitigate the negative impact of the US reciprocal tariffs.