Dhaka Chamber of Commerce and Industry (DCCI) has expressed deep concern over India's move to impose anti-dumping duty on jute items imported from Bangladesh on the basis of the accusation of Indian Jute Mills Association of lowered price and injury to their domestic industry.
It urged the commerce ministry, Tariff Commission and other concerned government agencies to immediately take up the issue to review the entire technical process of anti dumping investigation made and negotiate with Ministry of Commerce of India to reconsider this trade unfriendly decision in order to safeguard Bangladesh jute industry in the greater interest of bilateral trade between Bangladesh and India.
Following the anti-dumping investigation into imports of jute goods from Bangladesh in 2015, the probe body of Directorate General of Anti-Dumping and Allied Duties (DGAD), India is going to propose imposition of anti-dumping duty on jute items imported from Bangladesh, DCCI said in a statement today.
"Anti-dumping authority, India has proposed 25-30 percent duty on the jute imported from Bangladesh and Nepal based on the investigation outcome though there is no clear finding of injury caused by our exported price and volume on Indian local finished producers," DCCI said.
Bangladesh usually exports jute and jute goods such as yarn, twine, sacks and bags worth around US$900 million to many world destinations of which 20 percent goes to Indian market. The 20 per cent jute export to India accounts for eight percent of entire Indian local market share.
"If this proposed anti dumping duty comes into effect, it could have adverse impacts on our local growers, producers, exporters and spur further trade imbalance of Bangladesh with India," DCCI said in its statement.
When Bangladesh is working hard to improve and maintain a justified cross-border bilateral trade relations with India, this sort of decision is likely to be a blow to this endeavour, DCCI said.
Source: Bangladesh Sangbad Sangstha (BSS)