Transshipment refers to the process of exporting goods from one country to another via a third country. Bangladesh has utilized this facility to export products to Nepal, Bhutan, and Myanmar through Indian land routes and infrastructure, allowing for cost-effective and swift delivery.
However, India has now revoked these transshipment privileges, delivering a significant blow to Bangladesh’s export trade. The cancellation means that exporting goods to these countries without using Indian transshipment will become increasingly challenging. In response, the Ministry of Commerce is set to hold a meeting tomorrow to discuss the implications.
A senior official from the Ministry of Commerce stated, “We are aware of the cancellation of transshipment in India. As a result of this decision, Bangladesh will lose the ability to export goods to Bhutan, Nepal, and Myanmar through a third country.”
Exporters have expressed concerns about facing substantial losses due to this change. Experts argue that reaching these markets without utilizing Indian land routes will be nearly impossible.
The Indian newspaper Indian Express reported that one reason behind this decision could be Bangladesh’s support against China’s economic influence in India’s northeast region.
Danish Food, which exports $200,000 worth of food products annually to Bhutan and Nepal, along with other companies like Pran and Square, now face serious challenges due to this development.
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