Import/Export Industry Notifications

Following a Covid-19 outbreak in the port area and nearby Guangzhou in late May, YICT’s operations were interrupted by prevention and restriction measures. Yantian International Container Terminal (YICT) has informed customers that the bottleneck at the port had eased, and normal operations would resume by the end of the month.

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India's banana export is expected to sustain its growth this year in terms of volume and value. A total of 1.91 lakh tonne worth Rs 619 crore has been exported so far, the Ministry of Commerce and Industry said on Wednesday.

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One of the global pandemic takeaways is that it has highlighted the significance of enhanced digitisation and e-commerce to promote economic well-being and create opportunities for Indian micro small and medium enterprises (MSMEs). With the government of India looking at an exports-led recovery, India’s proposed Foreign Trade Policy (FTP) 2021-26 suggests a number of important steps to empowering SMEs. Yet, the government can further strengthen the FTP with a renewed focus on B2C e-commerce exports.

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India’s instant coffee export is one of the bright spots in the economic remnants wrought by the pandemic, experiencing a huge jump so far in 2021. Instant coffee export vaulted by about 124% to 12,078 tonnes from January 1 to June 11 from a year ago, per the latest Coffee Board data.

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United Kingdom (UK) will find Jardalu mangoes soon. The Agricultural and Processed Food Products Export Development Authority (APEDA), in association with the state agriculture department and Bhagalpur district agriculture department, has exported the first consignment of Geographical Indications (GI) tagged Jardalu mangoes to London on Monday.

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Two-wheeler exports from India exceeded domestic volumes in May for the first time in the industry's history. In May, total two-wheeler exports stood at 358,756 units, while total domestic sales were at 352,717.

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Major pulses exporting nations such as Australia, Canada, the US, and Russia have welcomed India’s announcement to permit the unrestricted import of pulses, including tur, urad, and moog.

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China has passed the Hainan Free Trade Port Law with immediate effect due to its ongoing efforts to develop a globally influential free trade port in Hainan province. The law was adopted on 10 June by the Standing Committee of the 13th National People's Congress, China's top legislature, providing the country a legal guarantee in pursuit of building a high-quality free trade port in Hainan island.

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The Maritime Union of Australia (MUA) has begun a series of work stoppages at Patrick Terminals’ Sydney facility. With further action planned for the rest of the month, berth delays now at five days are expected to get longer. It’s “deja vu” on the Australian waterfront, as industrial action again causes lengthy shipping delays.

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