The Confederation of All India Traders (CAIT), which has about 8 crore traders as its members, on Tuesday said the change in regime in Afghanistan will badly impact bilateral trade with India, and lead to losses for the traders. “Currently, the import-export shipments are stranded which may cause heavy losses to the traders. Huge amounts of payments are likely to be blocked which will put traders in a vulnerable situation,” the traders’ body said. The bilateral trade between India and Afghanistan was $1.4 billion in 2020-21. Exports from India would completely stop as now there will be an issue of timely payment,” they said.

Source: The Hindu August 17, 2021 15:56 UTC