Bangladesh restricts yarn imports from India: concerns among clothing exporters

The Bangladeshi tax authority, the National Board of Revenue (NBR), has decided that yarn from India can no longer enter the country via five key land ports. These include the border crossings at Benapole, Bhomra, Sonamasjid, Banglabandha and Burimari, according to The Times of India. According to the Bangladeshi ministry, the decision was taken to protect local yarn producers. They are reportedly struggling to compete with the low prices of yarn imported from India.