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Montreal port has been plunged into another strike. The Quebec port went through a fractious five-day strike over working conditions. The Longshoremen’s Union has since tabled another strike that started and will last through to early on Friday morning. German carrier Hapag-Lloyd advises that this week’s strike will affect only Termont Terminal. MGT Terminals will continue to work normally.

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Workers at the strategic Colombo Port have stopped work in protest against the privatisation of its Eastern Container Terminal, demanding a written pledge from Sri Lankan President Gotabaya Rajapaksa that it would not be privatised by giving it to India. The move comes after the workers last month threatened to go on an indefinite strike to protest against what they called "Indian pressure" to prevent Sri Lanka from developing a deep-sea container terminal of the country's largest and busiest port.

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Workers at the strategic Colombo Port called off their strike following a meeting with Prime Minister Mahinda Rajapaksa. This happened a day after they demanded a "written pledge" from the Sri Lankan President that the country's largest port's Eastern Container Terminal would not be handed over to India. At least 23 trade unions launched the strike demanding the sale of the Eastern Container Terminal (ECT) to India be terminated, and its operations are taken over by the Sri Lanka Ports Authority.

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If India’s foreign trade in goods and services have in recent quarters been a continuous drag on the gross domestic product (GDP), the pull-down effect could be far stronger in the current fiscal. By capping the outlay for the Merchandise Exports from India Scheme (MEIS) at Rs 9,000 crore for the April-December period, the revenue department has deprived exporters of over two-thirds of the duty remission benefits they are entitled to. The move could also have wider implications for exporters of assorted goods as the denial of the benefit will suffice to blunt the already-narrow edge they enjoy in key markets over competitors.

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The government has imposed safeguard duty on solar cells for one more year until July 2021 to protect domestic manufacturers and discourage cheap imports from countries like China. The move followed a recommendation by the Commerce Ministry’s investigation arm Directorate General of Trade Remedies (DGTR) for the continued imposition of the duty for one more year.

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To overcome the Covid-19 headwinds faced by exporters in reaching out to offshore markets, the Uttar Pradesh government has decided to promote virtual exhibitions (e-exhibitions) during the current fiscal year 2020-21. The transnational Covid-19 safety and health protocols are likely to result in the deferment and postponement of international trade fairs and exhibitions. Hence, the Adityanath government will provide financial aid to exporters participating in such virtual exhibitions under the flagship Market Development Assistance (MDA) Scheme.

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Exporters are finding it challenging to fulfil orders due to limited availability of containers and workers. India's rice export prices rose this week as the worsening Coronavirus crisis in the country caused logistical snags, while widespread flooding in Bangladesh severely damaged crops.

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Private airline company SpiceJet is keen on starting cargo flights from Nashik and has already started a survey to find the export potential of the district. Apart from agricultural produce, goats, pharma and other industrial products are exported at large from Nashik. The Spice Jet has initiated discussions with freight agents like Halcon and industry bodies to assess and develop the market from Nashik. They have plans to develop Nashik into a cargo hub that caters to the entire district and adjoining industrial belts.

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FedEx pilots have called on the express company to suspend services to Hong Kong as a result of unacceptable risks related to the Covid-19 outbreak. The Air Line Pilots Association, Int’l (ALPA) has passed a resolution calling on their company to suspend operations in Hong Kong after pilots were forced into hospitals and government camps as a result of Covid-19. The union claimed that three Covid-19 positive asymptomatic FedEx pilots have been forced into mandated hospital facilities for up to 10 days in Hong Kong.

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