FIEO chief urges Centre for stable agri export policies | SupportBiz

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FIEO chief urges Centre for stable agri export policies

The Federation of Indian Export Organisations (FIEO) has requested the Centre to maintain stability in the export policies for agricultural products, reports SME Times. Rafeeque Ahmed, President of the FIEO, stated that frequent changes in agri export policies disrupted the functioning of exporters and adversely affected their earnings.

Ahmed urged the Centre to issue a warning well in advance in the event of these policies being changed.

The FIEO chief stressed India’s huge potential to export agricultural products, stating that they were a means to achieve greater economic progress.

In a press statement, Ahmed said: "Exporters invest time and energy to explore market for their products and obtain export order in close competition. However, sudden imposition of ban on export of the specified items have adverse impact like loss of established market and buyers, surrendering market to competitors, loosing image of reliable supplier and country, possibility of disputes between buyer and exporters and loss in earning foreign exchange, default in payment of loans to Banks, etc."

"Stability in the export policy is pivotal to sound export strategy," stated Ahmed. Ahmed also commended the government’s decision to free the exports of sugar, stating that this move will help farmers and exporters alike, at the same time reducing the trade gap.

Source: SME Times