A MEMORANDUM of Understanding between India and the Southern
African Customs Union (Sacu) is ready for signing.
The agreement, approved by the Indian Cabinet last week, provides for
reciprocal tariff concessions on a select list of products.
Trickle traffic through the Strait of Hormuz, hugging the Iranian coastline at Qeshm and the islands of Hormuz and Larak, has brought no significant change to the closed-off waterway.Source: Research Gate
