Indirect Indian exports to Pakistan at $10 bn: GTRI

WHILE THE DIRECT trade between India and Pakistan is miniscule, Indian goods worth $10 billion reach the western neighbour annually through indirect channels, according to estimates by the Global Trade Research Initiative (GTRI).

- FE BUREAU

To get around trade restrictions, goods are routed through ports in Dubai, Singapore and Colombo. Explaining the route that the trade takes, GTRI said Indian firms send goods to these ports, where an independent firm offloads and keeps those in bonded warehouses. At bonded warehouses, goods can be stored without paying duties while in transit.