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Push for quick rollout of US, UAE deals to boost exports
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Mint reported on 18 July that India is exploring such a deal with Russia. The move to implement these deals guaranteeing superfast clearances at ports comes in the context of a slowdown in merchandise exports amid a global demand slowdown.
India’s merchandise exports contracted by 22% in June compared to the same month a year ago, to $32.97 billion, as per official figures. An email sent to the finance ministry seeking comments for the story on 26 July remained unanswered at the time of publishing.
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