Import/Export Industry Notifications

The Guangzhou Port Company confirmed on 7 June that Nansha Port Area is operating normally without Covid-19 cases. The company has also implemented several prevention measures for truck drivers to control the risk of an epidemic in the port area.

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In its latest market analysis, IATA has reported that air cargo volumes in April this year continued to outpace pre-Covid (2019) levels. The association said this was primarily due to the strong performance of carriers based in North America, the Middle East, and Africa.

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Maharashtra has become the country’s largest exporter of bananas between April 2020 and February 2021, with exports crossing 1.34 lakh tonne. The country’s banana exports have crossed 1.91 lakh tonne in the same period.

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Goods exports from the country in the first seven days of June 2021 continued on the fast track, growing 52.39% (year-on-year) to $7.71 billion, led by engineering goods, petroleum products, and gems & jewellery.

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On Tuesday, the Ministry of Commerce and Industry informed about opening a window of possibilities of boosting groundnut exports from the eastern region; a consignment of 24 metric tons (MT) of groundnuts was exported to Nepal from West Bengal.

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Even as India has sought a three-month extension from the European Union (EU) to barter and resolve with Pakistan its dispute over Protected Geographical Indication (PGI) standing for Basmati rice, it might face a rigid state of affairs with the EU making an attempt to arrange a “New Basmati Authenticity Protocol.”

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High-value aquaculture shrimp production has facilitated Vizag Port to continue to be the leading port in India in handling seafood exports in terms of dollar earnings for FY21. Vizag port has earned 28% out of the total $5.96 billion out of marine exports.

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Shippers are desperate for someone to solve the current problems vexing container shipping, but anyone thinking government intervention is an option should reconsider that.

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Sub: Made-ups exports to Peru are free from any Safeguard Measures.

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