UAE suspends exports and re-exports of Indian wheat for four months
Abu Dhabi/New Delhi, Jun 15: The UAE has ordered a suspension of exports and re-exports of wheat and wheat flour originating from India for four months, the Gulf nation's ministry of economy said on Wednesday.
The move follows India banning the export of wheat last month to check the surge in local prices. With this, Indian wheat cannot be rooted to third countries via the UAE.
The ban, which the ministry called as 'moratorium', has been imposed effective from May 13 "in view of the international developments that have affected trade flows".
India had on May 14 banned wheat exports except for those backed by already issued letters of credit (LCs) and to countries seeking to ensure food security.
Since then, it has allowed shipments of 469,202 tonnes of wheat. The United Arab Emirates Ministry of Economy said the ban "applies to all wheat varieties namely hard, ordinary and soft wheat and wheat flour."
In a statement said a moratorium has been imposed "on the export and re-export of wheat and wheat flour originating from the Republic of India, including free zones, for a period of four months starting from May 13, 2022."
This "decision comes in view of the international developments that have affected trade flows, and in appreciation of the solid and strategic relations that bind the UAE and India, especially after the signing of the Comprehensive Economic Partnership Agreement between the two countries and the Indian government's approval to export wheat to the UAE for domestic consumption."
India and UAE had in February signed the Comprehensive Economic Partnership Trade Agreement (CEPA) to cut all tariffs on each other's goods and aims to increase their annual trade to USD 100 billion within five years.
The pact took effect on May 1.
"However, companies wishing to export/re-export wheat and wheat flour varieties of Indian origin, which were imported into the country before May 13, 2022, must submit a request to the Ministry to obtain permission to export outside of the UAE," the ministry said.
They must submit all documents and files that help verify the data regarding the shipment in terms of its origin, date of transaction, and any other documents that the Ministry may require.
The Ministry also indicated that in the case of wheat and wheat flour products of non-Indian origin, companies wishing to export/re-export it may do so after applying to the Ministry for export permission outside the country.
This application must 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 to companies is valid for 30 days from the date of issuance and must be submitted to the relevant customs department in order to complete the procedures for exporting the shipment out of the UAE.
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MVA to keep all its newly-elected MLAs under one roof after poll results: Sanjay Raut
Mumbai (PTI): The Maha Vikas Aghadi constituents have decided to house all its newly-elected MLAs together in Mumbai after the Maharashtra election results, Shiv Sena (UBT) leader Sanjay Raut said on Friday, a move aimed at preventing poaching ahead of government formation.
Talking to reporters here, Raut said MVA leaders, including himself, his party colleague Anil Desai, NCP (SP) state president Jayant Patil and Congress leaders Satej Patil and Balasaheb Thorat met on Thursday and carried out an assessment of every seat.
"We have decided to bring all newly-elected MLAs to Mumbai. New MLAs have no provision to stay in Mumbai. So we have decided to make their residential arrangements together," he said.
The counting of votes for the November 20 Maharashtra assembly polls will take place on Saturday.
Raut expressed confidence that the MVA would win 160 seats in the elections.
Some independents, who have strong chances of victory, have expressed their desire to support the opposition bloc, the Rajya Sabha member said.
"There is no formula for the CM's post. Everyone will choose the leader of the government," Raut said.
Senior Congress leaders have to come to Mumbai with a mandate on the CM's post as NCP (SP) president Sharad Pawar and Shiv Sena (UBT) chief Uddhav Thackeray are in Mumbai.
He also asserted that no power can stop the MVA from forming the next government in Maharashtra and that the decision on the top post will be taken only in Maharashtra.
Fissures have emerged within the opposition MVA as well as the ruling Mahayuti on who will head the next government with constituents in both camps laying claim over the chief minister's post. While state Congress chief Nana Patole asserted that a MVA government will be formed in Maharashtra under the leadership of his party, Raut on Thursday insisted the CM face will be decided by all alliance partners jointly.
Raut expressed fear that the BJP will try to obstruct the MVA through the governor's office in forming the government despite the opposition having the majority.
"We will take a decision without any delay, or else BJP will try to snatch power ruthlessly," hesaid.
The term of the Maharashtra legislative assembly ends on November 26. The opposition fears that President's rule could be imposed in the state if a new government is not formed till then.
