Dhaka, June 10 -- Indian Shipping Minister Sarbananda Sonowal has acknowledged that India will also suffer thanks to the recent withdrawal of the transshipment arrangement to Bangladesh and trade restrictions on land ports.

As a result, he said, trade on the "Indo-Bangladesh Protocol" (IBP) routes connecting Kolkata to the country's northeastern region through Bangladesh waterways will be affected.

According to The Hindu Business Line, cargo volumes via the IBP routes have decreased by 20 percent.

The world's longest cruise, MV Ganga Vilas, is eyeing a truncated route, avoiding Bangladesh waters. In fact, bookings for the cruise are yet to happen, the Indian business newspaper said, citing sources.

TRADE RETALIATION

Following a shift...