Bangladesh’s foreign trade, both exports and imports, is set to face fresh challenges as several Middle Eastern flights remain suspended amid ongoing attacks in a number of Gulf countries
Economists and exporters say the disruption to air routes could hamper shipments to key destinations, particularly the EU, where many buyers rely on air cargo at their own expense to meet short lead times. With major Middle Eastern transit hubs affected, regular cargo movement has been disrupted. Dr. M A Razzaque, Chairman of Research and Policy Integration for Development (RAPID), said it is too early to assess the full impact of the conflict, as much will depend on its duration.
“For now, we have to wait and see how long it continues,” he said.
However, he warned that such conflicts typically disrupt global supply chains and drive up oil prices at the initial stage. If prolonged, the impact could multiply. Bangladesh’s labour market in the Middle East may also face significant repercussions, depending on the scale and duration of the war.
He stressed that the government must take economic decisions cautiously to manage the potential fallout and keep inflation under control.
Former BGMEA President Faruque Hassan told the FE that the war would have multiple impacts on international trade, as most of Bangladesh’s air routes have been shut.
“At a time when we are waiting for a business revival, this will create further difficulties, especially in the U.S. market,” he said.
“Everything is beyond our control. We have to wait and see,” he added, expressing hope that the conflict will be resolved soon. He cautioned that a prolonged war would significantly affect the global economy.
Shovon Islam, Managing Director of Sparrow Group, said the situation has created uncertainty for an indefinite period, particularly after indications from the U.S. president that the conflict could turn into a long-term battle.
He noted that exporters have long relied on Middle Eastern transit points for air shipments. With scheduled flights cancelled, supply chains are facing serious disruption. The alternative Indian transit route has also remained unavailable for the past few months.
Islam urged the government to engage with India to reinstate the transit facility to help safeguard Bangladesh’s trade with Western markets.
Although the sea route through the Strait of Hormuz remains operational, it is under threat. If the passage is closed, vessels may have to reroute via the Cape of Good Hope in South Africa, significantly increasing lead times.
He also warned that oil price volatility triggered by the conflict could raise freight costs, adding further pressure on exporters already coping with global uncertainty.
https://thefinancialexpress.com.bd/trade/saudi-aramco-shuts-ras-tanura-refinery-after-drone-attack