WorldFirst Post
As container & shipping costs rise, West Asia war dampens India-UK trade deal’s excitement
in5points
War in West Asia has driven up container and shipping costs, dampening enthusiasm for the India-UK trade deal among exporters.
Shipping companies are avoiding the Suez Canal and taking the longer route around the Cape of Good Hope.
The circuitous route adds around two to three weeks to journey from India's western coast to the United Kingdom.
A rise in inquiries from British importers in sectors such as gems and jewellery has sustained optimism.
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