Space Industry and Business News
TRADE WARS
Bangladesh and Pakistan begin direct trade
Bangladesh and Pakistan begin direct trade
by AFP Staff Writers
Dhaka (AFP) Feb 25, 2025

Bangladesh and Pakistan have started direct government-to-government trade after decades of troubled relations with imports of 50,000 tonnes of rice, Dhaka said Tuesday.

The two countries were once one nation but split in a brutal 1971 war, with Bangladesh drawing closer to India.

However, long-time Bangladeshi prime minister Sheikh Hasina was ousted in an August 2024 revolution, fleeing by helicopter to her old ally India, where she has defied extradition requests to face charges of crimes against humanity.

Relations between India and Bangladesh's new government have been frosty since then, allowing Islamabad and Dhaka to rebuild ties slowly.

Direct private trade between the countries restarted in November 2024, when a container ship sailed from Pakistan's Karachi to Bangladesh's Chittagong.

It was the first cargo ship in decades to sail directly between the countries.

"For the first time we are importing 50,000 tons of rice from Pakistan, and it is the first government-to-government deal between the two countries," Ziauddin Ahmed, a senior official at the food ministry in Dhaka, said Tuesday.

Bangladesh's Directorate General of Food signed a memorandum of understanding with the state-owned Trading Corporation of Pakistan (TCP) in January for rice imports.

Ahmed said trade with Pakistan offers a "new avenue of sourcing and competitive pricing", with state authorities in recent years importing the staple from India, Thailand and Vietnam.

Imports are critical to low-lying Bangladesh, a nation that is among the world's most vulnerable to climate change, with large areas made up of deltas where the Ganges and the Brahmaputra rivers wind towards the sea.

The country of 170 million is particularly at risk of devastating floods and cyclones -- disasters that only stand to accelerate as the planet keeps warming.

Private Bangladeshi companies have imported Pakistani rice for years, but Pakistani goods previously had to be off-loaded onto feeder vessels -- usually in Sri Lanka, Malaysia or Singapore -- before travelling on.

India and Pakistan -- carved out of the subcontinent at the chaotic end of British colonial rule in 1947 -- have fought multiple wars and remain bitter foes.

Meanwhile, China is wooing Bangladesh's leaders, with members of the powerful Bangladesh National Party (BNP) on a visit to Beijing, the latest group offered a tour after trips by members of the Jamaat-e-Islami and other Islamist parties.

India has long been wary of China's growing regional clout and the world's two most populous countries compete for influence in South Asia, despite a recent diplomatic thaw.

China said this month that it was preparing dedicated hospitals for Bangladeshi patients after relations soured with India, which was once a major healthcare destination for them.

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
Trump says trade deal with China 'possible'
Washington (AFP) Feb 20, 2025
US President Donald Trump suggested on Wednesday that a trade deal was "possible" with China - a key target in the US leader's tariffs policy. In 2020, the United States had already agreed to "a great trade deal with China" and a new deal was "possible," Trump told reporters aboard Air Force One. Asked about the comments, Beijing's foreign ministry said Thursday the two countries should handle trade tensions with "mutual respect." One month into his second term in office, Trump has threaten ... read more

TRADE WARS
Ukraine, US agree to terms of minerals, reconstruction deal

Powering Future Electronics with Ultrathin Vanadium Dioxide Films

Indonesian nickel producer to build $1.8 bn plant

China to build longest bridge in Central Asia

TRADE WARS
Satellogic and Telespazio Brasil to provide low-latency satellite imagery for the Brazilian Air Force

Mobix Labs Secures Defense Funding to Advance SATCOM SoC Innovation

ESA and European Commission to establish secure quantum communications network

KP Labs and ESA Unveil PINEBERRY to Enhance AI Security and Transparency in Space Missions

TRADE WARS
TRADE WARS
Galileo ground stations undergo systemwide migration

EUSPA unveils integrated GNSS and secure SATCOM user technology update

GMV to advance the Galileo High Accuracy Service with new data generator

Sierra Space resilient GPS Satellite Program achieves major development milestone

TRADE WARS
Surprise Chinese naval drills caused dozens of Australian flight diversions

Search for doomed MH370 resumes 11 years after disappearance

Trump considering 'alternatives' to Boeing for Air Force One contract

Airman dead, another hurt in shooting at Air Force base in New Mexico

TRADE WARS
Microsoft joins quantum race with breakthrough chip

Smaller but Stronger Relaxor Films Reveal Performance Sweet Spot

Neutrons Reveal Magnetic Spiral Structure in Layered Perovskites for Future Quantum Technologies

New AI Function on the Horizon Thanks to Electrically Programmable Spintronic Device

TRADE WARS
Blue Moon mission drives NanoAvionics SuperSharp thermal imaging innovation

Earth's Inner Core May Be Less Solid Than Previously Believed

Validation technique could help scientists make more accurate forecasts

SFL Missions Inc. Secures CSA Contract for HAWC Satellite Concept Study

TRADE WARS
Fishermen, sailing champions clean up trash-covered Rio island

Iraqi brick workers risk health, life to keep families afloat

France's parliament votes to ban some uses of 'forever chemicals'

First 'green' lawsuits against new Trump admin; Sweden's high court dismisses Thunberg lawsuit

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.