India to export Agri commodities to Maldives without any restriction

Posted by Daily Shipping Times on 30-06-2017        Tweet

The exports of these essential commodities to Maldives are exempted from any existing or future restriction/prohibition on exports

NEW DELHI: The Central Government of India has agreed to allow the export of 11714.45 MT of potato, 19466.36 MT of onion, 67640.24 MT of rice, 59442.17 MT of wheat flour and 11706.30 MT of sugar for the FY of 2017-18 to the Republic of Maldives as per the bilateral trade agreement signed between the Government of India and the Government of Maldives.

A directive by the DGFT via notification no., 12/2015-2020 dated June 27, 2017 was issued saying this is effective from April.

The notification also clearly states that the exports of these essential commodities to Maldives are exempted from any existing or future restriction/prohibition on export. The Government periodically imposes minimum export price on essential agri commodities in order to increase the domestic availability of these products.