No negative impact on India-Bangladesh trade due to IPL issue: Commerce Adviser

Commerce Adviser Sheikh Bashiruddin has stated that the ongoing IPL-related controversy is not expected to have any adverse effect on bilateral trade between Bangladesh and India. 

He emphasised that all regular trade activities with India are continuing smoothly and without interruption.

The Adviser made the remarks while responding to journalists' questions after a meeting on the new Import Policy Order at the Secretariat on Sunday.

"We strongly believe in the principle of free trade," he said. "Our free trade relations continue with all countries around the world. As long as our domestic trade remains unaffected, we do not take any country-specific bilateral decisions."

He further added that the government has implemented various trade measures in relation to India and is currently monitoring their impact.

Commerce Secretary Mahbubur Rahman, who was also present, noted that such day-to-day events typically have minimal influence on overall bilateral trade. He recalled that in May, India had closed several land ports and halted exports from Bangladesh, which led to a decline in Bangladesh's exports at that time. However, Bangladesh chose not to adopt any retaliatory measures.

Regarding the recent decision to temporarily restrict jute exports to India, the Commerce Secretary clarified, "This step was taken solely to ensure adequate domestic supply and maintain internal market balance. It was never intended to harm any other country."

He reiterated that Bangladesh's trade policies are primarily designed to protect and promote the country's internal economic interests, and are not directed against any nation.