Import/Export Industry Notifications

The continuous bullish trend in commodity prices has boosted the prospects of the exports of agricultural produce from India during the Covid-19 pandemic season as global rice prices like wheat, rice, maize are ruling at a multi-year high.

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Communication from the Department of Commerce, Govt. of India for Market access issues/NTBs with Portugal has been received. The 5th Session of the India-Portugal Joint Economic Commission (JEC) is scheduled for April 2021. Members are requested to kindly share SPS/TBT issues faced with regard to Portugal before 26th February 2021.

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Both import and export volumes at the Port of Oakland have fallen by more than 11% as the Covid-19 crisis-induced congestion has impacted the Southern Californian ports, with the shockwave spreading both north and east.

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The leading Kashmir-based exporters had a meeting with the Additional Director General, (ADG) Foreign Trade (FT) Ministry of Commerce, Govt. of India, Smt. Suman Sharma at SKICC and discussed varied issues of their interest. The exporters put forth concrete suggestions before the visiting dignitary for arresting the decline of exports from Kashmir Valley.

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India’s coming foreign trade policy could have a separate chapter which deals with e-commerce for the first time amid demands for helping millions of small manufacturers become exporters, said three people familiar with the development.

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India’s merchandise exports to China, its second-largest market, seem to be losing steam after an impressive 33% year-on-year jump in the April-June period in the face of the Covid-19 pandemic. Growth in shipments to the neighbour slowed down considerably to 20% in September quarter and to just over 2% in December quarter.

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Thousands of striking truck drivers in Myanmar protesting the military coup have slowed imports, trapping cargo containers at ports and prompting at least one international shipping line to halt new orders.

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A US ban on Chinese cotton and a rise in demand for the yarn from Beijing have pushed domestic prices. Not only is this impacting export, but domestic users, including apparel manufacturers, are also reeling under pressure. Earlier, many projected "much higher cotton exports" from India after the US ban.

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The Central Board of Indirect Taxes and Customs (CBIC) said that the government had extended anti-dumping duty on melamine originating in or exported from China up to March 31, 2021.

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