Home / Knowledge / News / Textiles / India urges Bangladesh to notify it as textiles supplier
India urges Bangladesh to notify it as textiles supplier
30
Jan '13
India has urged Bangladesh to notify it as a textile raw material supplying country, as it would enable Bangladeshi apparel manufacturers, who procure yarn from India, to enjoy tariff benefits on their exports to the European Union.
 
The matter was discussed at a bilateral meeting between India’s Commerce and Industry and Textiles Minister Anand Sharma and Bangladesh Commerce Minister Ghulam Muhammed Quader, on the sidelines of a Confederation of Indian Industry (CII) summit in Agra.
 
Bangladesh, being a least developed country (LDC), exports its products to the EU at a lower tariff under the generalized scheme of preferences (GSP).
 
Under the EU’s revised rules of origin, if Bangladesh notifies India as a source country for its textile raw material inputs, EU’s tariff concession benefits will also be available to those garments that are made using yarn and fabric imported from India.
 
During his meeting with Mr. Quader, Mr. Sharma also mooted a proposal to allow smaller commercial ships to ply between Chittagong and Visakhapatnam, as it would reduce the cost of transshipment between the two countries.
 
At present, most of the sea route trade between India and its neighbor takes place via Singapore, which adds to costs.
 
The Indian side also requested Bangladesh to remove port restrictions on items like cotton yarn. 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X