Container Lines Increase Rates on India-US Trade, Supply Chain Stakeholders Optimistic About India-UAE Trade

Container lines serving the India-US trade are planning a $200 per box increase in rates. Supply chain stakeholders are optimistic about the growth prospects of the India-UAE trade. Bangladesh's exports have shown strong growth, driven by the ready-made garment trade. Container lines operating on China-India trades are preparing for a potential intra-Asia market resurgence. India and the UAE have agreed to transact exports and imports in their own currencies to streamline payment services.