‘Bangladesh, India’s largest trading partner’
Shanmugam Senthilnathan, MD, EFL – India & CEO, EFL Global tells CARGOTALK that with the implementation of the MVA, there will be a clear advantage, both in terms of time and cost in the entire supply chain. The first trial-run of Bangladeshi vehicle roll
work in conjunction with these other agreements to promote trade and mutual cooperation between the two countries. Furthermore, while working on the fine details of carrying out this trial run, we also tried to anticipate how we could work under the transshipment procedure which involved the inspection and verification of the E-seal that was affixed to the truck in Bangladesh.
The present bilateral trade between the two countries stands at $6.5bn, but Bangladesh’s exports to India accounts only for a meagre $500mn