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

Turkish-Algerian JV to set up textile unit in Relizane

Textiles | On 17th Jan 2018

Turkish-Algerian JV to set up textile unit in Relizane

Construction of one of Africa's largest textile production...

Courtesy: Indorama Ventures

Textiles | On 17th Jan 2018

IVL, Huvis to enter JV for Low Melting Fibre plant in US

Indorama Ventures Limited (IVL), a global chemical producer, and...

Future Group to set up garment manufacturing in Bengal

Apparel/Garments | On 17th Jan 2018

Future Group to set up garment manufacturing in Bengal

Kishore Biyani-led Future Group is going to set up a garment...

Interviews View All

Top executives
Textile & apparel bodies

The decision is transformational

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Urmil Arya

Sushila International, a well established textile organisation established ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Madhu Jain
Madhu Jain

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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