May 11, 2025
The Georgia Tech Research Institute (GTRI) has released a report stating that more than $10 billion worth of Indian goods are being smuggled into Pakistan through third-country transhipment ports like Colombo, Dubai, and Singapore. By using these ports as intermediaries, traders are able to bypass trade embargos and tariffs imposed on direct trade between India and Pakistan. This method allows for the flow of goods between the two nations despite strained political relations. The report sheds light on the loopholes in global trade regulations that are exploited by traders to circumvent restrictions and engage in cross-border trade. It emphasizes the need for tighter enforcement and monitoring of transhipment activities to ensure compliance with international trade laws and prevent illicit trade practices.
Read More at Thehindubusinessline →
Tags: Gtri, Trade, Transshipment, Embargos, Tariffs,
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