The Gulf nation is seeking to secure domestic supplies due to interruptions to global trade flows. The resolution applies to all wheat varieties: hard, ordinary, and soft wheat, as well as wheat spelt flour.
The United Arab Emirates (UAE) has introduced a four-month halt to exports and re-exports of wheat and wheat flour produced in India, state news agency WAM reported on Wednesday, citing the country’s Economy Ministry.
The Gulf nation says it is seeking to secure domestic supplies due to interruptions to global trade flows. The resolution applies to all wheat varieties: hard, ordinary, and soft wheat, as well as wheat spelt flour.
The UAE and India signed a broad trade and investment pact in February, which is known as the Comprehensive Economic Partnership Trade Agreement (CEPA). This seeks to cut all tariffs on the countries’ goods and aims to increase their annual trade to $100 billion within five years. It took effect on May 1.
