JUST days after the US imposed a 37 per cent tariff on Bangladeshi goods, the country has been hit with another supply chain disruption-this time from a key regional partner, reports New York's Sourcing Journal.
India revoked Bangladesh's access to a crucial transshipment service that allowed it to move goods through Indian customs checkpoints en route to Indian ports and airports.
The move is expected to significantly impact Bangladesh's air cargo operations, particularly exports routed through major hubs like Indira Gandhi International Airport in Delhi.
Last fall, congestion at Bangladeshi airports caused the steepest year-over-year spike in air freight rates among major global markets, according to Xeneta.
With the transshipment service now halted, freight rates from bangladesh are likely to rise even further-unless additional capacity can be brought online.
Indian officials said the decision was prompted by growing export-related congestion within India. Exporters, particularly in the apparel sector, had reportedly lobbied for the termination of the service.
'The transshipment facility extended to Bangladesh had over a period of time resulted in significant congestion at our airports and ports,' said India external affairs representative Randhir Jaiswal.
'Logistical delays and higher costs were hindering our own exports and creating backlogs.'
SeaNews Turkey
India revoked Bangladesh's access to a crucial transshipment service that allowed it to move goods through Indian customs checkpoints en route to Indian ports and airports.
The move is expected to significantly impact Bangladesh's air cargo operations, particularly exports routed through major hubs like Indira Gandhi International Airport in Delhi.
Last fall, congestion at Bangladeshi airports caused the steepest year-over-year spike in air freight rates among major global markets, according to Xeneta.
With the transshipment service now halted, freight rates from bangladesh are likely to rise even further-unless additional capacity can be brought online.
Indian officials said the decision was prompted by growing export-related congestion within India. Exporters, particularly in the apparel sector, had reportedly lobbied for the termination of the service.
'The transshipment facility extended to Bangladesh had over a period of time resulted in significant congestion at our airports and ports,' said India external affairs representative Randhir Jaiswal.
'Logistical delays and higher costs were hindering our own exports and creating backlogs.'
SeaNews Turkey
