Home / Knowledge / News / Textiles / Kathmandu urges Dhaka to lift ban on yarn import
Kathmandu urges Dhaka to lift ban on yarn import
23
Jul '18
Landlocked Nepal has urged Bangladesh to withdraw its restriction on yarn import through the Banglabandha land port in Tetulia of Panchagarh district, saying the ban is causing financial losses to Nepalese yarn manufacturers. Bangladesh commerce ministry has also requested the country’s National Board of Revenue (NBR) to consider Nepal’s proposal.

Bangladesh commerce secretary Shubhashish Bose sent a semi-official letter to the NBR in this connection, according to media reports in the country.

The NBR on July 7 arranged a meeting with stakeholders to examine the Nepalese proposal. Participants from the private sector spoke against lifting the ban at the meeting.

Nepal had been reportedly repeatedly seeking permission for export of yarn, particularly acrylic yarn, to Bangladesh. The issue was also discussed at the secretary-level talks between the two countries.

Nepal exports only acrylic yarn and it has no production of cotton yarn.
Bangladesh imposed the restriction of yarn import through land ports in 2002 to safeguard the local cotton yarn industry from Indian exports. After few years, it withdrew the ban for the Benapole land port but the ban remains in place for the Banglabandha land port.

Bilateral trade between Nepal and Bangladesh takes place through Banglabandha and Fulbari land ports.

The Bangladesh Textile Mills Association feels as there is no laboratory for measuring the quality of yarn at Banglabandha unlike the Benapole land port, that may cause duty evasion through mis-declaration and false information about the rules of origin.

The Bangladesh Garment Manufacturers and Exporters Association also does not find the necessity to import yarn from Nepal. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

China keen to invest in Bangla apparel, leather sectors

Apparel/Garments | On 21st Nov 2018

China keen to invest in Bangla apparel, leather sectors

Chinese investors expressed keen interest to invest in apparel,...

Armenia to resume cotton production

Textiles | On 21st Nov 2018

Armenia to resume cotton production

Armenia will soon resume cotton production with the establishment of...

Australia wool production to dip 10.8% in 2018-19

Textiles | On 21st Nov 2018

Australia wool production to dip 10.8% in 2018-19

The Australian Wool Production Forecasting Committee has updated its...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports &amp; Exports Co is a manufacturer and...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

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

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra,

Bani Batra

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

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

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

Leave your Comments


November 2018

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

news category


Related Categories:

Advanced Search