Selim Reza, Dhaka: After the fall of Sheikh Hasina on August 7 last year, the interim government took over on August 7. From that time, many people, including the foreign adviser to the interim government of Bangladesh, have been anti-India and the announcement of the stance on the issue has come up. Many have also called for reducing dependence on Indian products at the civic level. However, according to the trade statistics of the two countries, Bangladesh’s dependence on India has actually increased in the import of goods. In January 2021, imports from India increased by 9.25 percent.
The fiscal year calculation in India begins in April. According to the Indian Ministry of Industry and Commerce, the export growth of India’s products worldwide was only 9.5 percent in the first ten months (April-January) of the current fiscal year of the current 2021-20 Indian fiscal year. However, at this time, the export of products in Bangladesh or the import of goods from India from India has increased by 5.7 percent. And last January, the export of products worldwide was shrinking 2.7 percent. However, at the same time, export of goods from India to Bangladesh has increased by 9.25 percent.
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However, after the fall of the Awami League in the mass uprising, the import of goods from India in Bangladesh became downward. In July-August, the internal situation of Bangladesh has an impact on the trade of the two countries. The trade with India was closed for three days by the port of Benapole. In August, imports from India were reduced to 5.7 percent. At the same time, there is a large number of instability in the market for useful consumer goods like onions, eggs and rawness. These products were imported in September and October to cope with the price rise. Since then Bangladesh’s dependence on India has increased in India.
In the first ten months of the Indian fiscal year, the value of imported products from India from India was $ 9.5 million. Earlier, from April to January of the fiscal year 2021-27, $ 1 million was imported. Last January, Bangladesh imported goods from India for $ 9.5 million. And in January 2021, the import of $ 10 million was imported. According to the Indian Commerce Department statistics, the most imports from India are the most imported from India. In the second position is cereal. Besides, the imports are minerals and energy products, electricity and other products and services. And the main product exported from Bangladesh to India is the garment.
Analysts of bilateral relations in the evaluation of statistical images of trade relations between the two countries say that such a hostility has now emerged about the two countries because of the low mentality of the past Awami League government, ignoring the public attitude and rights. This hostility has now become part of the political propaganda in both countries. Although trade statistics say, there is mutual economic dependence between the two countries.
Bangladesh is now importing a large amount of fuel oil from India. According to the updated data of Bangladesh Bank, about $ 1 million fuel oil was imported from India within six months from April to September. The import of this import continues.
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However, businessmen are now getting difficult to do business with Indians due to visa complexity, Bangladeshi traders said. Former director of Dhaka Chamber of Commerce Industries SM Zillur Rahman Azad told the Bangladeshi representative for 24 hours, “There is no difficulty in trade with India with India. We can make this trade better. But in this case the obstacle is the visa. Many of our traders are not yet having a visa. As a result, business and commerce are being complex. Most of the importers that surround the border ports of Bangladesh, buying products, are not getting visas. As a result, it is difficult to trade with India. ‘
Al -Amran, the manager of the Indian Bajaj brand, said that the import of goods from India is now increasing due to the impression of economic needs. “The export of goods from India to Bangladesh has increased in recent times,” he told the G24 hour. The export sector of Bangladesh is largely imported. If China and India do not get raw materials from India, how will Bangladesh export? Things are not visible from the outside to white eyes. Both countries should have dignity towards each other about mutual. We are deeply connected to economic issues. Sometimes politics may not be the same in the same way, which is now seen. Trade means that the product comes from India because we need it. ‘
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