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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Brazil's Ancelotti raises doubts about whether Neymar will reach the 2026 World Cup
Sao Paulo (AP): Brazil coach Carlo Ancelotti raised doubts about whether Neymar will be in his squad for the 2026 World Cup. The Italian has yet to pick the former captain since he took over in May.
“If Neymar deserves to be (in the squad), if he is, well, better than others, he will play in the World Cup and that's it. (But) I don't have debts to anyone,” Ancelotti said at a press conference in Washington on Friday following the draw.
Brazil is in Group C with Morocco, Haiti and Scotland.
“If we speak about Neymar, we have to speak about other players,” Ancelotti added. “We have to think about Brazil with or without Neymar, with or without other players. Our final list we will make after the FIFA fixtures in March.”
The 33-year-old Neymar has never fully recovered from a torn ACL in October 2023 during a World Cup qualifier against Uruguay. But he's been key for Santos in its fight to avoid relegation in the Brazilian championship.
On Wednesday, he scored a hat trick for Santos despite a muscular injury. He is expected to play again on Sunday against Cruzeiro.
Ancelotti said Brazil does not have a “referential player” at the moment, a tag for the most valuable player that Neymar has mainly worn since the 2014 home World Cup.
“We have one of the world's best goalkeepers, some of the best defenders, top midfielders and some players up front. I don't want players who want to be the best in the world, I want players who want to win the World Cup,” Ancelotti said.
Asked about his team's group, Ancelotti said Brazil can top it.
“We can win all three matches, our idea is very clear. We need to be competitive during the entire World Cup. Our goal is to play in the final and for that to happen you need to face very strong teams anyway.”
Brazil won the last of its five World Cup trophies in 2002.
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