Inspections of consignments by the Indian customs authority that began following the enforcement of new customs rules in that country will affect our exports. This will be treated as a non-tariff barrier.
There are two additional documents we have to submit before the shipment of a consignment – the cost sheet and the Section 3 declaration. This adds three additional days to the shipment.
The Indian side is reassuring that this will not affect Bangladesh's exports. They want to keep eyes on Chinese-origin products, which will create some additional pressure on China.
Bangladeshi readymade garment is a major export item to India. The new rules might increase the trade gap between the two countries by posing a barrier to the export of Bangladeshi apparels to the Indian market.
Sharif Zahir gave his opinions to Jasim Uddin over the phone.