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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Karan Toshniwal
Orange O Tec

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

Marcel Alberts
Eurofibers

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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:
June 2017

June 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