Amidst the increasing distance from India, Bangladesh has started increasing its closeness to Pakistan. Bangladesh and Pakistan seem to be coming together, especially from the business point of view. India will suffer the most loss from this. Actually, for the first time, Bangladesh has decided to buy sugar in large quantities from Pakistan. Next month, a consignment of sugar will be sent from Karachi Port to Chittagong Port. According to local media of Pakistan, this deal has happened after many years. Let us tell you, till now Bangladesh used to fulfill its sugar needs from India, but due to the ban on sugar export by India, it has chosen the option of importing from Pakistan.
What is the matter? Matter
Actually, after the permission of Pakistan Prime Minister Shahbaz Sharif, the country’s sugar industry has signed an agreement to export about 600,000 tonnes of sugar. Under this agreement, a large portion of sugar will be exported to Bangladesh. Pakistani officials say that this decision has been taken with the aim of ensuring the supply of sugar to Bangladesh and providing new possibilities to the domestic sugar industry.
How will India be harmed
Let us tell you, before buying sugar from Pakistan, Bangladesh used to import sugar from India. In the year 2021-22, Bangladesh imported about $565.9 million worth of goods from India to China. Whereas, in 2020-21 this figure was $74.7 million. Talking about 2023, according to the report of Trading Economic Times, Bangladesh imported sugar worth 353.46 million dollars from India.
Pakistan will send sugar to these countries also
< p>Out of the total 6 lakh tonne sugar export plan of Pakistan, 70,000 tonne sugar will be sent to Central Asian countries. Whereas, Thailand has purchased 50,000 tonnes of sugar. Apart from this, Gulf countries, Arab countries and many African countries have also made agreements to buy sugar from Pakistan.
Majid Malik, representative of Pakistani sugar traders, told the media a few days ago that this export agreement This is a positive sign for the country’s sugar industry. The deal will not only give Pakistani industry access to new markets but will also increase foreign exchange reserves.
In addition, the sugar import deal is seen as a new initiative in Bangladesh-Pakistan trade relations. going. On one hand, this will also strengthen Pakistan’s position in the regional market. On the other hand, India may suffer loss due to this.
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