Union Minister of Commerce and Industry Piyush Goyal. The Ministry of Commerce and Industry on Monday (March 2, 2026) held a meeting with all stakeholders to discuss the ongoing West Asia crisis. | Photo Credit: Sushil Kumar Verma The Ministry of Commerce and Industry on Monday (March 2, 2026) held a meeting with all stakeholder Ministries, key logistics and trade facilitation partners to review the emerging geo-political situation due to the conflict in West Asia and its potential impact on India’s export-import cargo flows, including the export ecosystem, the government said. The meeting was attended by representatives from logistics operators and shipping lines and forwarders, the Central Board of Indirect Taxes and Customs, the Department of Financial Services, the Ministry of Petroleum and Natural Gas, the Ministry of Ports, Shipping and Waterways, the Reserve Bank of India, and various export promotion bodies. Read: Iran-Israel conflict LIVE “The Government reiterated its readiness to facilitate trade operations, including procedural flexibility in export-related authorisations in cases of genuine disruption, coordination with Customs authorities to ensure smooth clearance, engagement with financial and insurance institutions to support exporter interests, and continued inter-ministerial coordination,” the Ministry said in a release. During the meeting the stakeholders presented an assessment of the evolving operational environment, including routing and transit-time changes, vessel scheduling adjustments, container and equipment availability, freight and insurance cost trends, and implications for time-sensitive exports, the government said. “The discussions covered the need to maintain predictability in cargo movement, minimise avoidable delays, and ensure seamless documentation and payment processes for exporters and importers,” the release added. All the stakeholders present during the meeting agreed to maintain close, real-time coordination for monitoring route and capacity developments, surcharges, and equipment availability. “India has successfully navigated multiple global disruptions in recent years and continues to strengthen supply chain resilience,” the government said. “The Government remains committed to ensuring that India remains a stable and reliable trading partner.” Published – March 02, 2026 05:50 pm IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation TDB passes resolution opposing Supreme Court verdict allowing women’s entry into Sabarimala temple Telugu tourists stranded in Bahrain recall ordeal after Iran-Israel war disrupts flights; urge Telangana and AP govt for help