Early Release , Version 2024.02.29

Most Recent Notifications

Bangladesh India Nepal Pakistan Sri Lanka

Mar 27, 2024

The Ministry of Commerce, Government of Bangladesh allows importing of 51,19,400 pieces of Live White Shrimp Vannamei Seed (HS tariff line 03063600 in India and HS tariff line 03063610 in Bangladesh) from India. It is effective from 27th March 2024.


This liberalising policy stance by Bangladesh will boost India’s exports of live white shrimp Vannamei seed during the current year. In FY 2022-23, India’s total volume of exports of this item was 50.02 thousand kgs.

Feb 8, 2024

During the time of holy Ramadan, Bangladesh NBR decided to eliminate the import duty on both parboiled and uncooked rice. Previously, the duty was 25%. This will be effective till 15th May 2024.

Feb 8, 2024

Regulatory duty on the Parboiled rice has also been reduced from 25 % to 5%.

This will be effective till 15th May 2024.

Policy Trends

Bangladesh India Nepal Pakistan Sri Lanka

Final Consumer Goods tend to attract the highest Para Tariffs in Bangladesh

TariffCompare

A tool to compare Current (2023-24) Import Tariff rates at more than 5000 individual tariff line levels - by a comparison table or a visual. It also displays the latest trade related notifications issued by the government for the relevant product picked, if available.

Latest Analyses

[October, 2023] As Pakistan lurches from one crisis to another, it needs a fundamental rethink of its geopolitical and economic strategy. Without it, any International Monetary Fund program—the most recent being a “stand-by arrangement” for around $3 billion, approved on July 12—only buys some time before the next cataclysm. [Article: Pakistan’s Missing Market]

[August 2023] Nepal and India Enhance Trade Access and Fuel Regional Growth with Renewed Agreement, Power Trade Breakthroughs, and Digital Payment Innovation. This agreement is essential for Nepal's sea-borne trade, providing closer proximity to Bay of Bengal ports than to Chinese ports. It also includes access to inland waterways, streamlined movement through Integrated Check Posts, and expansion of cross-border cargo rail links. Furthermore, the agreement addresses Nepal's petroleum import reliance on India through the extension of pipelines. The article highlights significant developments in cross-border power trade, including a long-term agreement for India to purchase 10,000 MW of power from Nepal. A new digital payments agreement is expected to enhance trade and economic cooperation. These initiatives hold promise for strengthening bilateral ties between Nepal and India and fostering regional energy cooperation.


 

[April 2023] The new foreign trade policy (FTP) of India aims for $2 trillion in exports by 2030, but it may not fully recognize the remarkable opportunity India has to attract investment and capture diversification-driven investment due to the desire of Western democracies to contain China's trade and technological progress. The policy focuses mostly on exports and lacks consideration of lowering import tariff barriers, which could be detrimental to increasing shares in global value chains. While there are some positives in the policy, it falls short in providing a strategic vision to address emerging challenges and may require revisions sooner rather than later to achieve its ambitious export goal.


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