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Indian goods worth over $10 billion reaching Pakistan bypassing trade restrictions: Report
The Statesman Bhubaneswar
|April 28, 2025
Amid the ongoing India-Pakistan tensions, the economic think tank Global Trade Research Initiative (GTRI), has said that the Indian goods worth over USD 10 billion are reaching Pakistan every year indirectly through ports such as Dubai, Singapore, and Colombo, bypassing trade restrictions.
GTRI said that Indian firms send goods to these ports, where an independent company offloads the consignment and keeps the products in bonded warehouses, where goods can be stored without paying duties while in transit.
Speaking further, GTRI Founder Ajay Srivastava said: "In the bonded warehouse, the labels and documents are modified to show a different country of origin. For example, Indian-made goods may be relabelled as 'Made in UAE'. After this change, they are shipped to countries like Pakistan, where direct trade with India is not allowed."
Dit verhaal komt uit de April 28, 2025-editie van The Statesman Bhubaneswar.
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