India recently assured Bangladesh of reviewing anti-dumping duty (ADD) on the import of jute goods from there. The assurance came at a bilateral secretary-level meeting in Dhaka, where trade relations, non-tariff barriers and ways to raise trade volume were discussed. Bangladesh sought cooperation to sign a comprehensive economic partnership agreement (CEPA).
Both sides decided to expeditiously move forward on the feasibility study on the CEPA, an Indian government press release said.India recently assured Bangladesh of reviewing anti-dumping duty on the import of jute goods from there. The assurance came at a bilateral meeting in Dhaka, where trade relations, non-tariff barriers and ways to raise trade volume were discussed. Bangladesh sought cooperation to sign a comprehensive economic partnership agreement (CEPA).#
Other topics discussed were streamlining certificate of origin procedures, regional connectivity initiatives, harmonisation of standards, removal of port restrictions, trade infrastructure-related issues, India-Bangladesh CEOs’ Forum, sharing of trade data and upgradation of border trading infrastructure.
Commerce secretary Anup Wadhawan led the Indian delegation, while his Bangladeshi counterpart Mohammad Jafar Uddin led a delegation comprising of officials from the National Board of Revenue, relevant ministries, Bangladesh Trade and Tariff Commission and the Export Promotion Bureau (EPB.)
In 2017, India imposed anti-dumping duty ranging from $19 to $351.72 per tonne on the import of jute products, including jute yarn, twine, hessian fabric and jute sacking bags from Bangladesh for five years.
In the first eight months of this fiscal, Bangladesh earned $75.5 million from the export of raw jute, jute yarn and twine, as well as jute sacks and bags.
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