South Korea to import Indian Mangoes from July

By: |
New Delhi | June 17, 2016 7:10 PM

South Korea will begin importing Indian mangoes from July, a move which could significantly boost exports of the summer fruit.

indian mangoes, South KoreaIndia exports around 41,000 tonnes of mangoes every year to several destinations in West Asia, the US, Australia, Canada and New Zealand. (FE)

South Korea will begin importing Indian mangoes from July, a move which could significantly boost exports of the summer fruit.

Ambassador of Korea to India Hyun Cho said that from next month “Korea will start importing Indian mangoes”.

According to an industry expert, there were certain grey areas in sanitary and phyto-sanitary issues which have now been resolved by both the sides.

“Korea has notified this move on June 7. The pre-shipment inspection will be done by the Korea Animal and Plant Quarantine agency.

Indian mangoes would compete in Korean markets with varieties from Pakistan. Vietnam, Thailand and Philippines,” Federation of Indian Export Organisation Director General Ajay Sahai said.

India exports around 41,000 tonnes of mangoes every year to several destinations in West Asia, the US, Australia, Canada and New Zealand.

European Union and UAE are the top two export destinations for Indian mangoes. It had exported mangoes worth USD 50.7 million in 2013-14.

The Ambassador also said that India’s economy will grow at higher rates in the coming years on account of its strong domestic market and “good policies” of the Prime Minister including initiatives like Make in India, Skill India and Digital India.

Speaking at the same event, Ficci president Harshavardhan Neotia said that both countries would launch “Korea Plus” tomorrow.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Petrol crosses Rs 97 in Delhi, diesel nears Rs 88 after another price hike
2Gold Price Today, 18 June 2021, gains after falling over Rs 1,500 in previous session; silver rates gain
3Petrol and diesel price today 18 June 2021: Petrol costs above Rs 100 in Mumbai, Pune, Bengaluru, Hyderabad