Israel Considering Rail as Alternative to Suez Canal

Suez Canal

A rail alternative to the Suez Canal could begin construction this year, as protests in the region raise concerns. Israeli officials have privately admitted they are planning for various scenarios, including Suez becoming compromised by ongoing protests in the area. Egyptian President Morsi has warned the region risks a “collapse of the state” if protests cannot be brought under control. Forty people were killed last month alone in cities next to the waterway, with shipping companies forced to suspend work for several days. The Suez Canal connects the Mediterranean with the…

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Exemption from customs duty on imports from Sri Lanka

Government of Pakistan Ministry of Finance, Economic Affairs and Revenue (Revenue Division) Islamabad, the 6th June, 2005   NOTIFICATION (Customs)                   S.R.O.570(I)/2005.- In exercise of the powers conferred by Section 19 of the Customs Act, 1969 (IV of 1969), the Federal Government is pleased to exempt on import into Pakistan from Sri Lanka, if made in conformity with the “rules of Determination of Origin of Goods under the Free Trade Agreement between the Islamic Republic of Pakistan and the Democratic Socialist Republic of Sri Lanka (Pakistan-Sri Lanka FTA Rules…

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