India's cancellation of transshipment won't affect Bangladesh: Bashir

Although India has suddenly canceled transshipment, it will not pose a problem for Bangladesh, said Sheikh Bashir Uddin, the Commerce Adviser of the interim government.

He said efforts will be made to overcome the crisis through our own management, and commercial capacity will be enhanced.

He made these remarks today (10 April) at the Secretariat when asked by journalists about the matter.

He said, "Just yesterday, we spoke with business leaders from various sectors. Even buyers were present at the meeting. We are working to resolve the crisis through our own systems. We're ensuring that our competitiveness does not fall short due to any lack of capacity. Commercial capabilities will be increased. At the same time, we're also working on connectivity to prevent any disruptions."

When asked what steps will be taken, the commerce adviser said, "Some of it involves infrastructure issues, and some involves increased costs — we are working on these areas. We hope to overcome the problem."

In response to a question about whether Bangladesh could retaliate by canceling Indian transshipment or transit facilities, as some social media users have suggested, the Commerce Adviser replied, "That is not under my jurisdiction. My concern is capacity building."

When asked whether a letter would be sent to India, he said, "At this moment, we are not considering sending a letter."

It is noteworthy that India had issued an order on 29 June 2020, allowing Bangladeshi goods to transit through Indian territory to third countries via transshipment. On Tuesday (8 April) the Central Board of Indirect Taxes and Customs (CBIC) of India revoked that order.

The Commerce Adviser further stated that the United States' temporary suspension of additional tariffs for three months would provide immediate relief. "This gives us more time for discussions. As the suspension is temporary, we'll be able to take various steps to enhance our capacity and reduce trade imbalances."