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Coronavirus impact: Seafood exports to China takes a major hit
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Non-payments, as also delayed payments, by many importers in China and allegedly unreasonable post-shipment, transhipment and vessel waiting charges by shipping lines have become a regular feature, with no intervention from India’s trade authorities, said exporters.
Agencies
Exporters also said that freight rates have been progressively increased for reefer containers to the US to about $6,500 from $3,500 in March 2020.
Marine exports from India, mainly from the west coast of the country, have taken a hit as Chinese buyers fear the presence of Covid-19 in the packing material. China accounts for nearly 25% of India s marine exports. Seafood exporters said they are facing the brunt of non-payments and delayed payments by many Chinese importers.
Pakistan s exports to UK exceed $1 billion
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Pakistan s exports to UK exceed $1 billion
LAHORE (Web Desk) - Pakistan s exports to the UK have exceeded $1 billion in the first 6 months of any financial year, for the first time in history.
Abdul Razzaq Dawood, trade adviser to Prime Minister Imran Khan said in a statement on twitter that Pakistan’s exports to the UK have crossed the $1 billion in the first 6 months of any Financial Year. For Jul-Dec 2020, the exports to UK grew by 21% to USD 1,029 million as compared to USD 852 million in Jul-Dec 2019.
He said that in Dec 2020, these exports grew by 47% to USD 189 million as compared to USD 129 million in Dec 2019.
Pakistan’s exports to UK cross $1 billion
January 9, 2021
ISLAMABAD, Pakistan: Pakistan’s exports to the United Kingdom have crossed US$ 1 billion in the first six months of any financial year.
Sharing the statistics on Saturday, the Prime Minister’s Adviser for Commerce and Investment Abdul Razak Dawood said that for July-December 2020, Pakistan’s exports to the UK grew by 21% to US$ 1,029 million as compared to US$ 852 million in July-December 2019.
Moreover, in December 2020, these exports grew by 47% to US$ 189 million as compared to US$ 129 million in December 2019.
“I congratulate our exporters for this achievement & encourage them to make efforts to obtain a greater share of the market,” the adviser said.