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Date: 2018-06-20 Category: Extra Ordinary State: Union Government Country: India

The Foreign Trade Development and Regulation Act 1992 allow the following quantities of Potatoes, Onions, Rice, Wheat Flour, Sugar, Dal and Eggs for export to the Republic of Maldives.

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, permits the export of specific quantities of essential commodities to the Republic of Maldives under a bilateral trade agreement between the Indian and Maldivian governments during the period 2018-19, effective from April 2018. The allowed commodities are potatoes, onions, rice, wheat flour, sugar, dal, and eggs. These exports are exempt from any existing or future export restrictions or prohibitions. Key Points / Main Content: * **Export Permission to Maldives (2018-19):** * The Central Government permits the export of specified quantities of potatoes, onions, rice, wheat flour, sugar, dal, and eggs to the Republic of Maldives. * This permission is under a bilateral trade agreement between the Government of India and the Government of Maldives. * The period of this permission is during 2018-19. * **Approved Quantities:** * Potatoes: 5308.70 MT * Onions: 9892.03 MT * Rice: 24581.07 MT * Wheat Flour: 946.21 MT * Sugar: 338.47 MT * Dal: 31.59 MT * Eggs: 11,18,09,090 nos. * **Exemption from Restrictions:** * The export of these items to the Republic of Maldives is exempted from any existing or future export restrictions or prohibitions during 2018-19. * **Effective Date:** * The export permission is effective from April 2018, as per the quantities in the specified table. Impact Analysis: * **Indian Government:** * *Impact:* Commitment to supply essential commodities to the Republic of Maldives under the bilateral trade agreement is upheld. * *Action Required:* Ensure compliance with the notification and facilitate the export of the specified commodities within the defined quantities. * **Republic of Maldives:** * *Impact:* Ensures the supply of essential commodities from India. * *Action Required:* Coordinate with Indian exporters to import the commodities within the specified quantities and period. * **Indian Exporters:** * *Impact:* Opportunity to export specific commodities to the Republic of Maldives without export restrictions. * *Action Required:* Adhere to the specified quantities and relevant export regulations, and coordinate with Maldivian importers.

Key Entities Referenced

Republic of Maldives: The recipient country of essential commodities under a bilateral trade agreement with India. Foreign Trade Development and Regulation Act, 1992: An act of the Indian Parliament that empowers the Central Government to regulate foreign trade. Foreign Trade Policy 2015-2020: A policy document outlining guidelines and objectives for India's foreign trade. Central Government: The government of India, which authorizes the export of essential commodities to the Maldives. Government of India: One of the parties in the bilateral trade agreement with the Government of Maldives. Potatoes: One of the essential commodities allowed for export to the Republic of Maldives. Directorate General of Foreign Trade: The agency responsible for implementing foreign trade policy and regulations in India. New Delhi: Location of publication of notification.
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