India cautions against misuse of export measures

NEW DELHI: India has cautioned against weaponising export-related measures or misusing them to create artificial scarcity, distort markets, or disrupt supply chains at an SCO meeting, an official statement said on Sunday. At the Shanghai Cooperation Organisation trade ministers’ meeting in Vladivostok on Sept 6, India said that calibrated and transparent use of these steps is essential to maintain trust in international commerce. India has also called for addressing persistent trade deficits by ensuring greater market access and simplifying processes for trade facilitation. These remarks are important as India’s auto and electronics sector faced issues due to export restrictions on rare earth magnets and fertiliser by China. Agencies