India has terminated the trans-shipment facility that allowed Bangladesh to export goods to third countries via Indian ports.
This decision, effective immediately, was announced by India’s Directorate General of Foreign Trade (DGFT) in a recent circular, several Indian media reported quoting news agency PTI.
The trans-shipment arrangement previously enabled Bangladeshi exporters to use Indian ports, such as Kolkata and Haldia, to send goods to destinations beyond India, thereby reducing transportation time and costs.
While the DGFT’s circular did not specify the reasons for this move, it is anticipated to have implications for trade relations between the two neighboring countries.