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Exporters fear rise in air, shipping freight rates
The Morning Standard
|October 04, 2024
ESCALATION of conflict in the Middle East, with Iran directly targeting Israel, has sparked concerns among the exporters who fear the spike of air and shipping freight rates and trade impact worth $100 billion if the situation continues to prevail throughout the year.
Israr Ahmed, vice-president of Federation of Indian exports Organisation (FIEO), told The New Indian Express that the merchandise exports from India have been hit in August.
"Merchandise exports were hit by 9% of the total exports worth $34.7 billion due to geopolitical tensions and other factors," said Ahmed while raising concerns about the escalation of conflict between Israel and Iran on Tuesday.
Dit verhaal komt uit de October 04, 2024-editie van The Morning Standard.
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