Search Global Export Import Trade Data
Recent Searches: No Recent Searches

PMO likely to review Red Sea Crisis soon.

Date: 09-02-2024
Subject: PMO likely to review Red Sea Crisis soon
The Prime Minister's Office (PMO) is likely to review the impact of Red Sea crisis on trade as exporters expect March and April trade to be hit.

"So far there is no adverse impact on exports due to the crisis but traders expect the impact to figure in the numbers for March and April," said an official.

Senior officials from the ministries of commerce and industry, petroleum, finance and petroleum and natural gas met members from the industry on Wednesday. The PMO review could be early next week.

"Exporters' bottom lines are getting hit in the existing contracts. We will have to take a call on new contracts," said an industry representative who attended the meeting chaired by the commerce secretary.

Shipments from India to Europe, US east coast, North Africa and parts of Asia, have almost stopped taking the Red Sea route.

Exports from India are continuing as the sailings of ships carrying containers from the country have been diverted via the Cape of Good Hope route.

(You can now subscribe to our Economic Times WhatsApp channel)

 Source Name : Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

Exim Guru Copyright © 1999-2024 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001