Government imposes port restrictions for exporting essential
commodities to Maldives
Amid tensions between Maldives and India, the Directorate General
of Foreign Trade on Monday issued a notification imposing port restrictions for
export of essential commodities to the island nation during the fiscal year
2024-25.
The notification, issued under the Foreign Trade (Development
& Regulation) Act, 1992, incorporates specific conditions for exporting
essential commodities under the prohibited/restricted category to Maldives.
Export of essential commodities falling under the
prohibited/restricted category to Maldives will now be permitted only through
four designated Customs Stations which include Mundra Sea Port, Tuticorin Sea
Port, Nhava Sheva Sea Port (JNPT), and ICD Tughlakabad.
The move comes as part of the bilateral trade agreement between
the Government of India and the Government of Maldives.
"Development & Regulation Act, 1992 (No. 22 of 1992), as
amended, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP),
2023, the Central Government paragraph 1. hereby incorporates following
conditions in Notification No. 03/2023 dated 05.04.2024 for exporting of
essential commodities to Maldives under bilateral trade agreement between
Government of India and Government of Maldives," DGFT said.
Earlier on April 5, India had removed the restrictions on export
of specified quantity of nine products including potatoes, onions, eggs, rice,
wheat flour and sugar to Maldives for the current fiscal year.
The two nations had signed a trade agreement in 1981, which provides
for export of essential commodities.
www.economictimes.indiatimes.com
dt. 16.04.2024