Bangladesh urges India to reconsider anti dumping duty on Jute items

Commerce Minister of Bangladesh Tipu Munshi urged at inaugural session of ‘India Bangladesh Digital Conference on Agriculture Sector’ to reconsider the legal and strategic aspects of anti-dumping duty imposed on the jute items and other such initiatives taken by India to extend the duty on items like fishing net and others, according to him the move of Indian government had adversely affected Bangladesh’s exports to India as the country’s export items were very limited and such measures would dampen confidence of businesspersons.

He went on to say that there was a historical background of cooperation in trade between the countries but there were also some challenges like no-tariff barriers, Para-tariff barriers and inadequate infrastructure.We need to take appropriate measures to address those challenges.

In response to his request of prior intimation of export restrictions on essential commodities, the Indian counterpart, Commerce & Industry Minister Piyush Goyal suggested that both governments should set high benchmarks on how to capture a larger global share in textiles.

“We both have apparel and textile exports together aggregating $67 billion. We should aspire to expand that five-fold so that we can provide jobs, increase earnings from international trade and support the development of economies of both countries,”explained Goyal.

Cover image from Dhakatribune