India’s setting of quotas for Viet Nam’s incense stick exports to this country has caused domestic incense stick production and export enterprises to difficulties. — Photo thuongtruong.com.vn India’s setting of quotas for Viet Nam’s incense stick exports to this country has caused domestic incense stick production and export enterprises to face bankruptcy. This opinion was put forward at a meeting between businesses and State agencies related to the issue this week. At this meeting held by the WTO Centre under the Viet Nam Chamber of Commerce and Industry in Ha Noi, the participants put forward and solutions to deal with this serious trade barrier. Tran Thanh Hai, director of the Ministry of Industry and Trade (MoIT)’s Import and Export Department said India has revised its import policy of incense sticks and related products from free to restricted, as stated in a public notice of India’s Ministry of Commerce and Industry on August 31. It was opined that the sudden and unannounced requirement of licences will cause huge damage to Vietnamese businesses, especially during the peak demand in the South Asian nation which falls in September and October. According to the MoIT, Viet Nam has more than 100 businesses with about… Read full this story
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