Home / Knowledge / News / Apparel/Garments / Duty-free access to India meaningless – Experts
Duty-free access to India meaningless – Experts
29
Mar '10
The Bangladesh government and clothing trade bodies have requested the Indian government to lift the quota on exports of ready-made garments to India from Bangladesh, since it is not benefiting Bangladesh.

In September 2008, India had permitted Bangladesh to export eight million pieces of garments duty-free to India in a financial year, with the purpose to balance the trade gap between the two countries.

But according to experts, the good intentions never translated in to action, despite there being a good demand for Bangladeshi goods for the reason that, India imposed eight percent countervailing duty and a four percent special additional duty.

This made the landing cost of Bangladeshi clothing very costly in India and completely negated the impact of duty-free access, due to which Bangladesh has been able to ship only 50 percent of the eight million pieces quota.

They are also of the opinion that exports under the tariff rate quota (TRQ) involve long procedures, which sometimes discourages exporters and advice that, if India really wants to make the offer meaningful, it must relax rules.

At a recently held meeting it was decided that, Bangladesh would explain its current position vis-à-vis the TRQ and then request India to remove the ceiling on Bangladeshi exports of clothing to that country.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search