The UAE has suspended the export and re-export of wheat and wheat flour originating from India for four months.
The decision by the Ministry of Economy has been applied retroactively from May 13, according to national news agency WAM.
It comes after India banned exports from that date amid concerns that an early heat wave blighted harvests in the country and caused domestic prices to surge to a record high.
The ministry explained that companies wishing to export or re-export wheat and wheat flour varieties of Indian origin, which were imported into the country before May 13, must submit a request to obtain permission to export outside of the UAE.
The Ministry added that the decision was made in view of international developments that have affected the flow of trade and in appreciation of the solid and strategic relations that bind the UAE and India, especially after the signing of the Comprehensive Economic Partnership Agreement between the two countries, and the Indian government's approval to export wheat to the UAE for domestic consumption.
Ministry of Economy issues ministerial decision prohibiting Indian wheat exports for 4 months#Wam_News https://t.co/KNEhiZzba1 pic.twitter.com/skiVxBWBPJ
— WAM English (@WAMNEWS_ENG) June 15, 2022
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