Bangladesh halts yarn imports from India through land ports

DHAKA: Bangladesh's National Board of Revenue (NBR) has suspended import of yarn from India through land ports, reports Ahsan Tasnim.

Import of yarn through the Benapole, Bhomra, Sonamasjid, Banglabandha and Burimari land ports will no longer be permitted. These ports were the primary entry points for yarn imports from India.

A notification in this regard was issued Sunday with immediate effect.

Earlier, India had withdrawn transshipment facility for Bangladesh. "The transshipment facility extended to Bangladesh had over a period of time resulted in significant congestion at our airports and ports," ministry of external affairs spokesperson Randhir Jaiswal said recently, adding that logistical delays and higher costs were hindering their own exports and creating backlogs.