New Delhi, April 10 (IANS) The Government of India is continuing its proactive and coordinated response to the evolving situation in West Asia, with the Commerce and Shipping Ministries convening high‑level stakeholder consultations to address emerging logistics, packaging, and shipping‑related challenges impacting India’s trade and export ecosystem, according to an official statement issued on Friday. Two important meetings were held, one under the chairpersonship of the Commerce Secre…
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Seoul, April 9 (IANS) South Korea has yet to receive any official request from Iran on fees for passage through the Strait of Hormuz, a Seoul official said on Thursday, adding that the government is still working to identify the situation surrounding the major shipping route amid a fragile two-week ceasefire between the United States and Iran.”There has been no request from Iran for transit fees or payments,” Yang Ghi-wuk, deputy minister for trade, industry and resource security, said in a regu…
Seoul, March 31 (IANS) South Korean President Lee Jae Myung on Tuesday instructed senior officials to take bold measures to address concerns over the energy situation caused by the war in the Middle East, saying the government may issue an emergency economic decree if necessary.”South Korea, which is highly dependent on external markets and relies heavily on energy supplies from the Middle East, requires more thorough inspections and detailed emergency measures,” Lee said during a Cabinet meetin…