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Bangladesh & India to resolve jute export challenges
26 Aug '16
1 min read
Indian and Bangladesh have undertaken to resolve various impediments in Bangladeshi jute exports to India, which include ongoing anti-dumping investigations undertaken by the government of India. India imports 12 per cent of Bangladesh's jute export of 815,000 tons per annum, with value added yarn accounting for the majority of exports.
In a statement after meeting Indian high commissioner Harsh Vardhan Shringla, commerce minister Tofail Ahmed said, “There is high demand for Bangladeshi goods in India; however, complexities have risen related to the export of some products, including jute. We are trying to sort out these issues.”
Currently, Bangladesh based jute goods producers are facing anti-dumping investigations from India, on complaints that local exporters have exported jute goods at prices which are far lower than fair market prices.
The anti-dumping investigation was initiated following complaints from the Indian Jute Mills Association that Bangladeshi exporters were exporting jute goods products at prices lower than those in India's domestic market. (AR)
In a statement after meeting Indian high commissioner Harsh Vardhan Shringla, commerce minister Tofail Ahmed said, “There is high demand for Bangladeshi goods in India; however, complexities have risen related to the export of some products, including jute. We are trying to sort out these issues.”
Currently, Bangladesh based jute goods producers are facing anti-dumping investigations from India, on complaints that local exporters have exported jute goods at prices which are far lower than fair market prices.
The anti-dumping investigation was initiated following complaints from the Indian Jute Mills Association that Bangladeshi exporters were exporting jute goods products at prices lower than those in India's domestic market. (AR)
Fibre2Fashion News Desk – India
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