Indefinite transport strike hits Bangladesh's foreign trade

Around 5,000 trucks that transport imported goods from the seaport every day have stopped, a Bangladesh newspaper reported.

Shipping executives say this will push up chartering cost by $20,000 a day. However, they will adjust the escalated cost with the freights and it is the people who will ultimately pay for that.

"The transport strike is proving one of the most calamitous economic events as it has chain effect on all economic sectors," said Syed Mohammad Arif, president of Bangladesh Shipping Agents Association (BSAA), a trade- promotional body of around 500 shipping firms in Bangladesh.

He feels a fresh shipping congestion will be created at the premier port if the standstill continues further.

Fibre2Fashion News Desk (DS)