ex. Game, Music, Video, Photography

Vietnam, India work to adjust back-to-back bans on commodity imports

India's ban has been in place since March 7, causing a holdup in Vietnamese coffee shipments and pushing down pepper prices.

Ngày đăng: 16 tháng 9, 2021
Cập nhật: 17 tháng 1, 2023
Lượt xem: 316506572
Nguồn: vnexpress

Vietnam has requested the Indian government to abolish a ban on the import of its six commodities, including coffee and pepper, the Vietnamese government said in a Friday statement.

India may have agreed with the request and will remove restrictions against the Vietnamese goods in question, the Saigon Times quoted a Vietnamese pepper industry official Saturday as saying, a development VnExpress International could not immediately verify independently.

India imposed the ban against six commodities from Vietnam, which also included cinnamon, bamboo, cassia and dragon fruit, effective from March 7 after Vietnam's agriculture ministry had ruled to suspend the import of India's five agricultural commodities for 60 days starting March 1, citing the infection of peanut beetle.

Vietnam's Industry and Trade Ministry, in an official letter, told India to uphold international practice -= referring to the ban, the government statement said, adding that it had Thursday asked the Vietnam embassy in India to deliver the letter.

The letter also urged India to "soon abolish the suspension of the import", the government statement said.

India has agreed to remove the suspension against several items, the Saigon Times quoted Nguyen Mai Oanh, deputy chairwoman of the Vietnam Pepper Association, as saying late Friday.

"India will abolish the suspension order on the import of agro-products from Vietnam", after Vietnam's agriculture ministry officials met Thursday with the Indian embassy in Hanoi, she was quoted as saying.

In return, Vietnam will adjust its decision on the suspension of five commodities from India and resume their import, Oanh said in the report.

India's ban has delayed several shipments of Vietnamese coffee and pushed down pepper prices on Vietnam's domestic markets in recent days, traders and industry officials say. Vietnam is the world's largest exporter of robusta coffee and black pepper.

The country's coffee export volume on March 1-15 fell 10 percent from the same period last year to 81,000 tons, based on Vietnam Customs' data released Friday.

Traders in Vietnam said if the situation is prolonged, Indian roasters would have had to buy their raw material from African nations.

While domestic pepper prices have eased, due in part also to the ongoing harvest, Vietnam has shipped 13,600 tons of the spice in the first half of March to various destinations, up 31 percent from a year ago, based on customs data.

Last year India, the third-biggest buyer of Vietnamese pepper after the United States and the United Arab Emirates, imported 11,100 tons of the spice, up 37 percent from 2015, the customs data showed.

Related news:

India suspends imports of six Vietnamese agro-products

Harvest rain takes the flavor out of Vietnamese coffee crop

Tin tức liên quan

Chinese man arrested on child sex charges in Vietnam
news 09/09/2021

Chinese man arrested on child sex charges in Vietnam

news | 265796623

At least three children have been identified from videos the man recorded on his phone.

 Cold mass to cause northern Vietnam to shiver
news 17/02/2022

Cold mass to cause northern Vietnam to shiver

news | 371846581

Cold winds blowing from China are expected to freeze northern Vietnam starting Friday noon, with temperatures dropping to zero in mountainous areas.

 Natural disasters "have cost $7 trillion"
news 10/09/2021

Natural disasters "have cost $7 trillion"

news | 275746592

Natural disasters have caused more than $7 trillion (6.2 trillion euros) in economic damage worldwide since 1900, with floods and storms accounting for nearly 60 percent of the total, researchers said Monday.

business 30/03/2021

Vietnam's fuel subsidy fund shrinks by 40 percent in 2016

business | 165186619

New data from the finance ministry showed that nine out of 27 trading firms had overdrawn last year.

news 13/08/2022

Tiger's existence under verification at Phong Nha-Ke Bang park

news | 404716572

Camera traps have been set up at Phong Nha-Ke Bang National Park to determine whether tigers have returned to the UNESCO heritage site after a local reported seeing one.

Former oil honcho implicates ex-PM in massive Vietnam graft case
news 22/09/2021

Former oil honcho implicates ex-PM in massive Vietnam graft case

news | 333216574

Dinh La Thang was chairman of PetroVietnam before his career took off as transport minister under PM Nguyen Tan Dung.

 VN-Index ends third session in green
business 07/10/2021

VN-Index ends third session in green

economy | 343456582

Vietnam’s benchmark VN-Index rose 0.6 percent Wednesday to 1,362.82 points, its third session in the green, with 16 blue chip tickers rising.

Former deputy PM implicated in steel company project violations
news 22/09/2021

Former deputy PM implicated in steel company project violations

news | 332306583

Former Deputy Prime Minister Hoang Trung Hai (2007-2016) committed several violations in overseeing the expansion of steel company TISCO, Party inspectors say.

 Malaysian telecom infrastructure provider mulls Vietnam entry
business 17/03/2021

Malaysian telecom infrastructure provider mulls Vietnam entry

industries | 76065682

edotco Group, the infrastructure unit of Malaysian telecom conglomerate Axiata Group, is looking to expand its telecom towers network into Vietnam and Thailand.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý