{"id":66461,"date":"2025-02-25T13:38:51","date_gmt":"2025-02-25T08:38:51","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=66461"},"modified":"2025-02-25T13:38:51","modified_gmt":"2025-02-25T08:38:51","slug":"bangladesh-and-pakistan-resume-direct-trade-after-more-than-50-years","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/bangladesh-and-pakistan-resume-direct-trade-after-more-than-50-years\/","title":{"rendered":"Bangladesh and Pakistan resume direct trade after more than 50 years"},"content":{"rendered":"<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-0\">DHAKA (Reuters): Bangladesh has resumed direct trade with Pakistan for the first time since its independence in 1971, with the <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-bangladesh-to-launch-direct-flights-boost-trade-ties\/\">first shipment<\/a> of 50,000 tonnes of rice leaving Port Qasim under a government-to-government deal, officials said.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-1\">The deal follows an improvement in diplomatic relations since an interim government in Bangladesh led by Nobel laureate Muhammad Yunus took over in the wake of the protests that drove then-Prime Minister Sheikh Hasina out of the country.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-1\">Previously known as East Pakistan, Bangladesh won independence following a nine-month war.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-3\">The new agreement, finalized earlier this month, sees Bangladesh purchasing white rice from Pakistan at $499 per ton through the Trading Corporation of Pakistan. The shipment will be delivered in two phases, with the remaining 25,000 tonnes expected in early March.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-4\">However, the price of rice is higher than that of rice from Vietnam, which Bangladesh has been importing at $474.25 per ton.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-5\">The government has been battling to stabilize the rice market, as prices have risen by 15-20% in recent months, with medium-quality rice selling at around 80 taka ($0.66) per kilo.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-6\">To control rice prices, the government is importing more rice from international markets, including through tenders, and has scrapped import duties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DHAKA (Reuters): Bangladesh has resumed direct trade with Pakistan for the first time since its independence in 1971, with the first shipment of 50,000 tonnes of rice leaving Port Qasim under a government-to-government deal, officials said. The deal follows an improvement in diplomatic relations since an interim government in Bangladesh led by Nobel laureate Muhammad [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":66462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5618,26753,26754],"class_list":["post-66461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-port-qasim","tag-bangladesh-pakistan-trade","tag-pakistan-trade"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/66461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=66461"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/66461\/revisions"}],"predecessor-version":[{"id":66464,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/66461\/revisions\/66464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/66462"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=66461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=66461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=66461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}