With India responding to the Vietnamese ban on five Indian commodities by temporarily suspending the imports of six Vietnamese commodities, the Vietnamese government has responded by asking India to lift the ban.
Earlier India has suspended imports of Coffee, Pepper, Cinnamon, Bamboo, Cassia and Dragon fruit, from March 7, which was after the Vietnamese imposed a ban on Indian commodities, stating the reason of the presence of peanut beetle.
With India’s ban on Vietnamese commodities, several shipments of Coffee from Vietnam have been delayed and also the prices of Pepper in the Vietnamese domestic market also went down.
According to the Vietnamese customs data, the Coffee exports volume from the country has seen a decline of 10 percent to 81000 tons during March 1-15, when compared to same period last year.
After the official meeting between the delegates of the two countries, India have decided to lift the imports ban on Vietnamese commodities in return to the lifting the ban on imports of Indian commodities to Vietnam.