BREAKING NEWS | UAE Suspends Indian Wheat Exports

UAE suspends Indian wheat exports |uae suspends india|uae suspend india flight|UAE suspends Indian

BREAKING NEWS | UAE Suspends Indian Wheat Exports
BREAKING NEWS | UAE Suspends Indian Wheat Exports

BREAKING NEWS | UAE Suspends Indian Wheat Exports

 

BREAKING NEWS | UAE Suspends Indian Wheat Exports
BREAKING NEWS | UAE Suspends Indian Wheat Exports

RadarTimikaOnlne –¬†BREAKING NEWS | UAE Suspends Indian Wheat Exports The move follows a ban on wheat exports to India last month to control price increases.

The United Arab Emirates has ordered four months to cancel exports and re-exports of wheat flour and wheat from India, the Gulf Ministry said on Wednesday.

The move follows a ban on wheat exports to India last month to control price increases. Of these, Indian wheat cannot be rooted in third countries through the UAE.

The ban, which the ministry called a “moratorium”, was imposed on May 13 “due to international developments affecting trade flows.” India bans wheat exports on May 14, unless evidenced by letters of credit (LCs) issued by countries seeking to ensure food security.

Since then, it has authorized the shipment of 469,202 tons of wheat.

The United Arab Emirates Ministry of Economy stated that the ban “applies to all types of wheat, namely durum, smooth and soft wheat and wheat flour”.

The statement states that a moratorium has been imposed on “the export and re-export of wheat flour and wheat from the Republic of India, UAE Suspends Indian Wheat Exports¬† including the free zone, for a period of four months. 13 May 2022.”

BREAKING NEWS | UAE Suspends Indian Wheat Exports

This decision is based on international developments affecting trade flows and on a strong and strategic relationship between the United Arab Emirates and India, in particular following the signing of the Comprehensive Economic Partnership Agreement between the two countries and the Government of India.

Wheat in the United Arab Emirates for domestic consumption. India and the United Arab Emirates signed the Comprehensive Economic Partnership Agreement (CEPA) in February to reduce all tariffs on their products and try to increase their annual trade by $ 100 billion over five years. Business begins on May 1.

“However, companies wishing to export / re-export wheat varieties and import wheat flour from India to import them into the country on 13 May 2022 must apply for an export license outside the UAE through the Ministry,” the ministry said.

They must provide all documents and files that will help verify the details of the shipment in terms of origin, date of transaction and other documents that the Ministry may require.

The Ministry also stated that for wheat products and wheat flour from non-Indian countries, exporting / re-exporting companies also want to export / export abroad after applying for the Ministry’s permission.

This application should also be supported by all documents and files that help verify the origin of the shipment to be exported / re-exported.

The Ministry noted that the export permit issued by the company is valid for 30 days from the date of issue and must be submitted to the appropriate customs department to complete the procedure for exporting goods from the UAE. UAE Suspends Indian Wheat Exports

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