The Ministry of Commerce & Industry, Department of Commerce, Directorate General of Foreign Trade (DGFT) has issued Notification No. 02/2023, dated 3rd April 2024, facilitating the export of onions to the United Arab Emirates (UAE). This notification grants permission for an additional export quota of 10,000 metric tons (MT) of onions to be shipped to UAE.
1. Legal Basis: The notification is issued under the authority conferred by the Foreign Trade (Development & Regulation) Act, 1992, along with relevant provisions of the Foreign Trade Policy, 2023. It is in line with Para 1.02 and 2.01 of the policy, along with the provision contained in Para 2 of Notification No. 81/2023 dated 22.03.2024.
2. Export Quota Expansion: The Central Government’s decision to permit an additional export quota of onions signifies a strategic move to meet the demands of the UAE market. This decision follows the initial quota set forth in DGFT Notification No. 65/2023 dated 01.03.2024.
3. Channel of Export: The export of onions to UAE is facilitated through the National Cooperative Exports Limited (NCEL). This signifies a structured approach to export management, ensuring streamlined processes and adherence to regulatory frameworks.
4. Impact on Market Dynamics: The increase in the export quota of onions to UAE can have significant implications on market dynamics. It reflects the assessment of demand-supply dynamics and aims to maintain equilibrium in the onion market while catering to international demand.
5. Economic Implications: Export plays a crucial role in enhancing economic growth and fostering trade relations between nations. By permitting additional exports, the government aims to capitalize on the comparative advantage in onion production and strengthen economic ties with UAE.
6. Conclusion : DGFT Notification No. 02/2023 represents a proactive step by the Indian government to facilitate exports and leverage opportunities in the international market. The decision to permit an additional export quota of onions to UAE demonstrates a commitment to promoting trade and fostering economic growth. As exporters capitalize on this opportunity, it is essential to ensure compliance with regulatory requirements and maintain quality standards to sustainably harness the potential of international trade in agricultural commodities.
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Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Notification No. 02/2023 – DGFT | Dated: 3rd April 2024
Subject: Export of Onions (under HS code 0703 10 19) to UAE.
S.O. 1600(E).- In exercise of powers conferred by Section 3 read with section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2023 and in accordance with the provision contained in Para 2 of Notification No. 81/2023 dt. 22.03.2024, the Central Government permits export of additional 10,000 MT of onions (under HS code 0703 10 19) to UAE through National Cooperative Exports Limited (NCEL) over and above the quota notified vide DGFT Notification No. 65/2023 dt. 01.03.2024.
2. Effect of the Notification:
Export of additional 10,000 MT of onions (under HS code 0703 10 19) to UAE through National Cooperative Exports Limited (NCEL) over and above the quota notified vide DGFT Notification No. 65/2023 dt. 01.03.2024 is allowed.
(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex-Officio Additional Secretary, Government of India
E-mail: dgft@nic.in
(Issued from F.No. 01/91/191/060/AM-24/EC (e- 38291)
