Import/Export Industry Notifications

The new shuttle operation in southern India is significant as Colombo, and Jebel Ali dominates transhipment movement to and from the country's east coast.

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Union Minister for Agriculture & Farmers Welfare, Narendra Singh Tomar, and Minister of Agriculture, Waterways & Environment of Fiji, Dr Mahendra Reddy, signed an MoU(Memorandum of Understanding ) for cooperation in the field of Agriculture and allied sectors between India and Fiji in a virtual meeting held on Tuesday.

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Sea Intelligence measured the development in double-sailings as a rolling three-week average. On Asia-North America West Coast (NAWC), they found that from 2012 to mid-2020, the norm was to have an average of two such double-departures in the trade per week and hence presumably, ports can handle this.

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Shanghai authorities have suspended the land transport of containerised non-essential dangerous goods after two recent fires in the port. The suspension will be in force until 2 July.

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All India Council of Association (AICA) of MSMEs has announced that 170 industry associations have joined together to address post-Covid issues faced by two lakhs MSMEs across India. MSMEs in India add to approximately 30% of the overall employment generated in India.

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According to an official statement released, exports of engineering goods to the United States grew 56% (year-on-year) to $ 1.02 billion, while cumulative growth in the first two months of the tax was 144%. The United States and the United Arab Emirates were the top two destinations for shipments of engineering products from India in May 2021, while exports to China declined.

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When the pandemic plagued global trade and India's exports to most nations across most categories suffered, shipments to China increased to $ 21.2 billion in FY21 from $16.6 billion in FY20.

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The value and volume of beef exports have fallen below levels recorded in 2012-13. India’s beef exports have dropped to the lowest level in almost a decade, affected more by a drop in demand from Vietnam than by local restrictions on trade and slaughter of livestock, trade data show.

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Despite the pandemic-induced slowdown, Indian merchandise exports have been growing well, to an all-time monthly high of $32.27 billion in May, showing a broad-based recovery from last year. Small businesses are a mainstay of this performance, accounting for around half the country’s merchandise exports.

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