trending Market Intelligence /marketintelligence/en/news-insights/trending/5ZiYvwdlOcsGwh0USkj36Q2 content esgSubNav
In This List

Report: India mulls import restrictions on Turkey, Malaysia over Kashmir issue


S&P Capital IQ Pro | Powering Your Edge


Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


S&P Capital IQ Pro | Unrivaled Sector Coverage


Banking Essentials Newsletter: September Edition

Report: India mulls import restrictions on Turkey, Malaysia over Kashmir issue

India is weighing import restrictions on Turkey and Malaysia over their leaders' statements about Kashmir, Bloomberg News reported, citing people familiar with the matter.

The Indian government is reportedly discussing imposing additional tariffs while also exploring other measures, like stricter quality controls, to contain imports from the two countries.

At the United Nations General Assembly in September, Malaysian Prime Minister Mahathir Mohamad and Turkish President Recep Tayyip Erdogan urged India to engage in talks with Pakistan, which claims Kashmir. India's move to change the administrative status of the disputed territory of Jammu and Kashmir intensified tensions between Pakistan and India.

Malaysia became the biggest supplier of palm oil to India in the first half, surpassing Indonesia, Reuters reported in September. India imports nuclear reactors, salt and mineral fuels and oils from Turkey, among other items, Bloomberg News reported.

Earlier in the year, New Delhi raised customs duty on Malaysian refined palm oil to 50% from 45% for six months, Reuters reported. Mohamad said he does not plan to take the matter to the World Trade Organization "at the moment" and that he would not withdraw his statement claiming India had invaded Kashmir.

Indian Prime Minister Narendra Modi canceled his visit to Turkey.