Hamid Zadboum also said that 13 percent of Iran’s imports from the EAEU are subjected to the preferential tariffs, while 49 percent of the country’s exports to the block is subjected to those tariffs, TPO website published.
India has suspended 39 licenses to import refined palm oil after a surge in duty-free imports from neighbouring countries such as Nepal and Bangladesh which are not key producers of palm oil, government and trade sources told Reuters.
The city will prepare for new opportunities from the wave of investment shifting out of China by member countries of the EU-Vietnam Free Trade Agreement (EVFTA) and EU-Vietnam Investment Protection Agreement (EVIPA).
Extending gains from previous four sessions, the May contract of soybean settled a tad higher on the National Commodity and Derivatives Exchange due to shrinking supply in domestic markets, the analysts said.
Edible oil trade body SEA on Monday asked the government to ban import of refined palm oil, fix tariff value on sunflower oil and monitor illegal shipments from Nepal, Bangladesh and Sri Lanka to protect local processing industry.