News India Live, Digital Desk: There is going to be a big change in the geo-politics of South Asia. Preparations are underway for a trade deal between US President Donald Trump and the interim government of Bangladesh, which can change the fate of Dhaka. At the center of this deal are ‘Zero Tariff’ and Boeing aircraft worth billions of dollars, which has increased both the concerns and curiosity of neighboring countries including India. What is Trump’s ‘Zero Tariff’ plan? Donald Trump can make a big offer to Bangladesh under his ‘America First’ policy. Under this deal, America can eliminate or minimize import duty on Bangladeshi products, especially garments. In return, Bangladesh will have to buy billions of dollars worth of Boeing jets from the US and fully open its doors to American investment. Bangladesh is currently struggling with a deep economic crisis and lack of foreign exchange reserves. It needs a huge loan from the IMF. Experts believe that this trade agreement with America can play the role of ‘guarantor’ in helping Bangladesh get easy loan from IMF. According to former diplomat Veena Sikri, this deal can prove to be a ‘lifeline’ for Bangladesh, but America will also have its own strategic conditions behind it.[Image: Donald Trump and Muhammad Yunus symbolic meeting for trade]What does this mean for India? India is keeping a close eye on this entire incident. If Bangladesh gets special trade exemption from the US, then: Competition in the garment sector: It will become more difficult for the Indian textile industry to compete with Bangladesh in the global market. Strategic impact: America’s increasing presence in the Bay of Bengal will be important for India’s security interests. Shock to China: This deal can move Bangladesh away from China’s economic influence and bring it into America’s fold. Boeing jets and trade balance America wants Bangladesh to expand its aviation services. Choose American Boeing planes instead of European Airbus. This is part of Trump’s strategy in which he puts pressure on allies to buy American products to reduce the trade deficit.
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