Exports of a number of goods to India have been halted since May 18. Among a total of six prohibited product categories, these include clothing made of yarn, fruit-flavored and carbonated foods, and furniture made of plastic, PVC, or wood. Bangladeshi exporters say it is costly and challenging to export through maritime ports in Mumbai and Kolkata, including Nava Sheva.
Exporters now face a significant problem with their prepared shipments as a result of the abrupt suspension. The Benapole C&F Staff Association claims that clothing exports through Benapole, which were previously usually finished in a single day, may now take 10 to 15 days to export the same goods to India as a result of the prohibition, significantly increasing both time and expense. The export of products already covered by previously granted Letters of Credit (LCs) through Benapole is being discussed with Indian authorities.
Bangladeshi exporters are worried that they may suffer large losses as a result of this sudden decision. Additionally, exporting products by air or river would now take a lot more time and money, according to customs clearance and forwarding (C&F) firms.
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