Port Wings Maritime Exim Weekly Newspaper 30 June e-Paper

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June 30th - July 6th, 2021 Issue

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Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741

Wednesday, June 30, 2021

8 Pages

Trade Policy Restraint Prevented Destructive Acceleration Of Protectionism: WTO Trade Monitoring Report Chennai

T

Port Wings News Network rade policy restraint by G20 economies, as well as WTO members more broadly, prevented a destructive acceleration of protectionist trade measures that would have further hurt the world economy, according to the WTO’s latest Trade Monitoring Report. But WTO Director-General Ngozi Okonjo-Iweala cautioned that obstacles to trade remain in place and continue to undermine global efforts to increase and diversify the production of vaccines. “The multilateral trading system has again proven its value. As was the case during the global financial crisis more than a decade ago, the system has been a solid and effective bulwark against any acceleration of protectionism as we face the worst economic and health crisis in generations. As the world struggles to overcome the enormous human, economic and social impact of the pandemic, we must not be complacent. Trade recovery will not be sustainable unless vaccine equity is assured,” said the DirectorGeneral. “While the report’s findings indicate trade-restrictive measures are coming down, G20 economies have more work to do to ensure the free flow of the medical inputs and supplies critical to saving lives. Trade restrictions hamper our efforts to ramp up production, particularly in the developing world, and ensure the equitable distribution of vaccines. Vaccine policy is trade

policy and we must do everything we can to prevent a resurgence of the pandemic, which would significantly jeopardize the global

economic recovery. At this juncture, G20 leadership will be crucial in underpinning a return to strong, sustainable and inclusive growth.” The 25th WTO Trade Monitoring Report on G20 trade measures comes as the world continues to battle the COVID-19 pandemic. The mid-October 2020 to mid-May 2021 review period covered in this report provides important insight into a number of areas as countries begin addressing the challenges of a postpandemic economic recovery. In particular, the past several months saw international cooperation and coordination among nations and intergovernmental organizations increase and intensify. The report indicates that trade

has been a force for good during the pandemic by enabling access to medical supplies. Despite the value of global merchandise trade shrinking by more than 8% in 2020, trade in medical supplies increased by 16%, and personal protective equipment (PPE) by 50%. The report also notes that the multilateral trading system File Photo has kept trade flowing, with the WTO playing a central role in ensuring that supply chains are kept open and restrictive trade policies are avoided. However, COVID-19 continues to pose a serious threat to the global economy and to public health. Production of vaccines has been slow and distribution uneven, contributing to significant disparities in access across countries, particularly for low-income developing economies, which are struggling to obtain enough doses to inoculate more than a small fraction of their populations. In terms of numbers, G20 economies implemented 140 trade and trade-related measures in the area of goods since the outbreak of the pandemic - 101 (72%) of a tradefacilitating nature and 39 (28%) of a trade-restrictive nature. The reduction or elimination of import tariffs and import taxes made up Contd. on page -2

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Wing 7 Feather 46

FUMIGATION SERVICES PVT LTD

New Delhi Port Wings News Network n a major boost to harness the export potential of agricultural and processed food products from north-eastern states, a shipment of fresh Burmese grapes referred as ‘Leteku’ in Assamese language has been exported to Dubai from Guwahati by air route. A consignment of Leteku, which contains vitamin C and Iron, was sourced and packed at a collection centre in Darang district of Assam. Consignment was exported by APEDA registered Kiega EXIM Pvt Ltd from Guwahati airport to Dubai via Delhi. APEDA has been carrying out promotional activities to bring the North-Eastern states on the agricultural and processed food products export map of India. Recently, APEDA facilitated exports of the first consignment of ‘red rice’ to the USA from Assam. Iron rich ‘red rice’ is grown in Brahmaputra valley of Assam, without the use of any chemical fertilizer. The rice variety is referred to as ‘Bao-dhaan’, which is an integral part of Assamese food. APEDA assisted in exports of Geographical Indications (GI) certified KajiNemu (Assam lemon) to London. So far around 40 metric

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• India’s 1st fumigation company to be accredited with NSPM 12 Standards • Fumigation of wooden packing material as per ISPM 15 standards • Heat treatment for wooden packing material • AFAS accredited fumigation agency (Australian Quarantine) • Phyto Sanitary Certificate Arrangements • Container Fumigation • Ship holds Fumigation • Ware House Fumigation • Disinfestation of Vessels • All Type of Residential & Commercial Pest Control Services

www.fumigationservice.com

Registered Office: No.1, Buddu Street, 3rd Floor, P.B.No. 1846, Chennai - 600 001 For Booking: 4242 7777, 2521 3409, 2522 1241 | booking@fumi.in For PQ Arrangements: 2521 7488, 2224 2175 | pqfumigation@fumi.in For New Enquires: 2522 0626, 2522 5061, 2524 0672 | fumi@fumi.in 37

Mob : 9884085285

APEDA Facilitated Exports of Burmese Grapes ‘Leteku’ to Dubai

Experts in wooden pallet Fumigation and Heat Treatment

Specifi c Treatm ent For Agr Comm o odities

Authorized Economic Operator

Branches: • Bangalore • Coimbatore • Cochin • Delhi • Guntur • Hyderabad • Kakinada • Mangalore • Mumbai • Tuticorin • Vizag • Mundra • Gandhidham • Salem • Krishnapatnam

tonnes of Assam Lemon has been exported. Jackfruits sourced from the Tripura based Krishi SanyogaAgro P r o d u c e r Company Ltd was exported to London. The consignment was

File Photo

packed at APEDA assisted packhouse facility of Salt Range Supply Chain Solution Ltd and exported by Kiega EXIM Pvt Ltd. APEDA has provided financial assistance to the private sector to set up a pack house at Guwahati which has fulfilled the mandatory requirement or infrastructure for export of fresh fruits and vegetables to Europe. APEDA undertakes market promotion activities for evolving structured marketing strategies for export of food products, market intelligence for taking informed decisions, international exposure, skill development, capacity building and high-quality packaging. APEDA would continue to focus on the north eastern region both in terms of capacity building, quality upgradation, and infrastructure development. Linking buyers to farmers, strengthening the entire supply chain of agricultural produce from the north-eastern region would bring in dividends.

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RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Wednesday (30.06.2021)


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