21-Apr-2023
India and the UN World Food Programme (WFP) have signed a memorandum of understanding (MoU) for the humanitarian food aid of 10,000 tonnes of wheat for the people of Afghanistan who are suffering from a food crisis. In this blog, we will discuss the India and Afghanistan trade relations and why India to supply 10,000 tonnes of wheat to Afghanistan.
India and the UN World Food Programme (WFP) have signed a memorandum of understanding (MoU) for the humanitarian food aid of 10,000 tonnes of wheat for the people of Afghanistan who are suffering from a food crisis. In this article, we'll discuss India and Afghanistan's commercial ties as well as the factors that led India to decide to provide 10,000 tonnes of wheat to that nation.
With the signing of the MoU, India commits to sending a fifth shipment of humanitarian food aid via the Chabahar Port. The World Food Programme (WFP) planned aid for 23 million people who were food insecure throughout Afghanistan after receiving a contribution of 40,000 tonnes of wheat from India the previous year.
J P Singh, joint secretary of the Pak-Afghan-Iran Division of the Ministry of External Affairs, and Elisabeth Faure, representative and country director of the World Food Programme in India, signed the Memorandum of Understanding on Thursday in Mumbai.
Sincere appreciation to the Indian government for providing food aid to the Afghan people. The assistance from India has been a lifeline for families in need and is a crucial component of WFP's support for millions of Afghans, according to Faure. Also, if you require, Export Data India, Visit ExportImportData to explore the India trade statistics, Hs code and gain the most recent trade insights globally.
India and Afghanistan have a long-standing trade relationship that dates back centuries. India has been one of Afghanistan's most significant trading partners, and the two countries have historically enjoyed cordial diplomatic and economic ties. Despite ongoing political turmoil and security concerns in Afghanistan, India has remained committed to maintaining strong economic relations with its neighbour. In this article, we will explore India and Afghanistan's trade relations, including imports, exports, and key sectors.
Trade between India and Afghanistan has increased significantly over the past few years. In 2020-21, the bilateral trade between the two countries stood at $1.5 billion, with India's exports to Afghanistan totalling $1.2 billion and imports at $330 million according to Indian Trade Data. India is one of the largest exporters of wheat, sugar, and pharmaceuticals to Afghanistan. Afghanistan, on the other hand, is a significant exporter of fruits and nuts to India.
India has been helping Afghanistan rebuild its infrastructure, and the construction sector is a key area of cooperation between the two countries. Indian companies have played a crucial role in building roads, dams, and other infrastructure projects in Afghanistan. India has also provided significant aid to Afghanistan in the form of grants and loans. In 2020, India announced a $1 billion aid package to support Afghanistan's development.
In recent years, India has also been investing in Afghanistan's mining sector. Afghanistan is rich in mineral resources, including iron ore, copper, and lithium. India has been providing technical assistance to Afghanistan in developing its mining industry and has also signed agreements to invest in the sector.
Despite the many challenges facing Afghanistan, India remains committed to maintaining its trade relations with its neighbour. India has been working closely with other countries in the region, including Iran and Uzbekistan, to develop trade corridors that connect Afghanistan to regional markets. The Chabahar port in Iran, which India helped to develop, provides Afghanistan with a direct sea route to India and other markets in the region.
Exporting wheat from India involves several steps and requires compliance with various regulations and procedures. Here is a brief overview of the steps involved:
Obtain an Import-Export Code (IEC) - This is a 10-digit code that is required for all import-export transactions from the Director-General of Foreign Trade (DGFT).
Register with the (APEDA) - Agricultural and Processed Food Products Export Development Authority registration is mandatory for exporters of agricultural products, including wheat.
Obtain quality certification from the (FSSAI) - This certification is necessary to ensure that the wheat being exported meets the required quality standards.
Arrange for transportation and logistics - This involves finding a reliable freight forwarder or shipping agent to handle the transportation of the wheat from India to the destination country.
Obtain necessary export documentation - This includes obtaining an export license, preparing the commercial invoice, packing list, and other relevant documents required for customs clearance.
Comply with customs regulations - The exporter must ensure that all customs regulations and requirements are met, including obtaining necessary permits, paying customs duties and taxes, and complying with any other regulatory requirements.
Require Export Import Data - The exporter who indulges in the trade market has mandatory to acquire Indian Trade Data, Export Data India, and much more.
Shipment and delivery - Once all the above steps are completed, the exporter can arrange for the shipment of wheat to the destination country, ensuring that the delivery is timely and the wheat is in good condition.
Overall, exporting wheat from India requires careful planning, adherence to regulations, and compliance with various procedures. It is essential to work with Export Import Data experienced professionals to ensure a smooth and successful export transaction.
Conclusion
In conclusion, India and Afghanistan have a long and productive history of trade relations. Despite the many challenges facing Afghanistan, India has remained committed to supporting its neighbour’s economic development. India has been providing aid, investing in key sectors, and working with other countries in the region to develop trade corridors. With India's continued support, Afghanistan has the potential to become a major player in the region's economy. Also, if you have a query related to India Trade Data, our professionals are always ready to provide the best services to explore your business in the Indian as well as Afghanistan Markets.
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