Import/Export Industry Notifications

An analysis of the latest data available with the Tea Board shows that India’s tea export in fiscal 2020-21 fell in regards to both value and volume even though there was an increase in the unit price compared to the previous fiscal.

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A top commerce ministry official said on Thursday that India's agriculture exports (including marine and plantation products) have beaten the pandemic registering a growth of 17.34% to $ 41.25 billion in 2020-21.

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Commerce secretary Anup Wadhawan said on Thursday that the government is in the process of formulating appropriate measures to boost services exports, which will be part of the upcoming foreign trade policy (FTP).

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South China’s port congestion has gone from bad to worse – delays at Yantian are spilling over to nearby Shekou and Nansha. According to the latest AIS data from MarineTraffic, there are currently 36 vessels with a reported destination of Yantian at anchor, including 33 cargo ships. And with no sign of the situation improving, shipping lines have massively increased the number of Yantian port omissions.

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The world economy is slowly recovering from COVID-19 disruptions, and demand for exports rises, container prices at major ports, such as Chennai, Mundra, and Nhava Sheva, remain high.

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TPCI said on Tuesday that the proposed free trade agreement between India and the European Union would benefit domestic exporters as the EU is one of the biggest traditional markets for the country.

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The next round of PTA negotiation with Iran is expected to take place very soon. Therefore, EPCs have been requested to examine Iran’s wish list as well as India’s draft wish list and provide comments on the same as early as possible.

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Garment manufacturers are considering whether to leave Myanmar, creating an unpredictable future for domestic freight forwarders. Human rights groups claim the military has killed over 800 protesters since seizing power four months ago, and with civil disobedience still active, there’s little prospect of a political resolution.

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Transporeon’s monthly Transport Market Monitor’s European capacity index decreased by 11.3% from April and around 58% down on May 2020. Road freight lobby groups have renewed calls for government support to deal with the driver shortage crisis, as research revealed European capacity hit a three-year low last month.

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