ANI
16 Mar 2026, 16:01 GMT+10
New Delhi [India], March 16 (ANI): As the West Asia conflict entered its third week, Rajesh Agrawal, Commerce Secretary on Monday flagged the logistical challenges for trade for India.
Speaking about the situation, the Commerce Secretary said, 'There are logistical challenges that are being faced. Air cargo is also facing certain challenges because of some destruction in flights.'
He added that the disruptions could affect trade flows between India and the region.
'It will have some impact. Their imports from India will also suffer because they are also dependent on India for multiple categories,' Agrawal said.
However, he emphasised that both sides are working to address the issues and keep trade channels functional.
'Both sides are very engaged in finding solutions which can address some of these challenges. It may have some impact, but it will not be completely wiped out,' he said.
Agrawal also said the government has set up a mechanism to monitor the situation and respond quickly.
'There are certain collaborations, certain work that we are doing by forming an interministerial group under DGFT, which meets everyday morning,' he added, referring to the Directorate General of Foreign Trade.
Meanwhile, government trade data for February also showed continued action on trade remedies and facilitation measures. The Directorate General of Trade Remedies (DGTR) initiated a countervailing duty investigation on imports of 'PVC Suspension' from China.
The data indicated, 'DGTR has initiated one Countervailing duty investigation concerning imports of 'PVC Suspension' from China PR.'
It also noted that 'DGTR has issued two final findings in the month of February, 2026' concerning anti-dumping investigations related to 'Monoisopropylamine (MIPA)' and 'Methyl Acetoacetate' imports from China PR, while 'DGTR has not issued any Preliminary findings in the month of February, 2026.'
The Commerce Secretary's press conference further highlighted measures aimed at improving the ease of doing business in foreign trade.
According to the information provided, 'Exporter bank accounts are automatically verified via NPCI, linked with PAN and matched with IEC details,' a move that 'reduces manual intervention, improves compliance speed, and enhances trade facilitation.'
The government also extended support to exporters through reforms in duty exemption schemes. It said the 'export obligation fulfilment period extended till 31 Aug 2026 to address disruptions due to the West Asia crisis.'
In addition, a nationwide drive conducted from '2-12 March 2026 issued 3,796 EODCs to clear long-pending cases,' which helps 'release bank guarantees/bonds, reduce compliance burden, improve liquidity, and strengthen trade facilitation.' (ANI)
Get a daily dose of Peking Press news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Peking Press.
More InformationSYDNEY/LONDON: The war involving Iran is disrupting travel worldwide, forcing airlines to reroute flights, raising ticket prices, and...
WASHINGTON, D.C.: Smaller portions are emerging as one of the biggest trends in the restaurant industry as diners look to spend less...
BEIJING, China: Apple said it will reduce the commission fees it charges on its App Store in mainland China, a move expected to save...
LONDON, U.K.: Chinese electric vehicle maker BYD said on March 13 that it will launch a new premium EV in Europe next month capable...
WASHINGTON, D.C.: About one-third of Americans cut spending on food, utilities or other basic expenses in 2025 in order to pay for...
WASHINGTON, D.C.: The rising cost of new vehicles in the United States is increasingly pushing many buyers out of the market, as automakers...
BEIJING, China: Apple said it will reduce the commission fees it charges on its App Store in mainland China, a move expected to save...
LONDON, U.K.: Chinese electric vehicle maker BYD said on March 13 that it will launch a new premium EV in Europe next month capable...
Bengaluru (Karnataka) [India], March 16 (ANI): Some of the world's finest runners are set to descend upon Bengaluru for the 18th edition...
Tokyo [Japan], March 16 (ANI): Japan has commenced the release of oil from its private-sector reserves to bolster supply stability...
New Delhi [India], March 16 (ANI): As the West Asia conflict entered its third week, Rajesh Agrawal, Commerce Secretary on Monday flagged...
BEIJING, March 16 (Xinhua) -- China's retail sales of consumer goods went up 2.8 percent year on year in the first two months of 2026,...
