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Indian government body recommends anti-dumping duty on Bangladesh jute products
India's Directorate General of Anti-Dumping and Allied Duties (DGAD) has recommended anti-dumping duty on certain jute products from Bangladesh and Nepal.
Published : 24 Oct 2016, 06:32 AM
Updated : 24 Oct 2016, 06:35 AM
The DGAD works under the Indian federal commerce ministry.
The Indian Jute Mills Association (IJMA) has been pushing for duties and the DGAD has completed an investigation on the basis of an IJMA petition last year.
The DGAD has recommended a duty of $ 19.30 - $ 351.72 per tonne on a range of jute products from Bangladesh and a duty of $ 8.18 - $ 38.90 per tonne for jute products from Nepal.
The products include yarn, hessian fabric and sacking bags.
The DGAD said the purpose of recommending anti-dumping duty was to ' prevent harm' to the domestic Indian jute industry through 'unfair trade practises' and to create a 'fair and open competition' in the Indian market.
The DGAD report said that preventing imports from neighbouring countries was not the motive behind the move. "Consumers can still maintain two or more sources of supply," it said.
Seventeen Indian jute mills, accounting for 42 percent of the domestic market share, had petitioned the Indian government, pointing to the fact that Bangladesh jute producers were selling their products in India at a price lower than their prices in their own country.
They had said that Bangladesh government was providing a ten percent cash subsidy for boosting jute exports and that is why the Bangladesh producers could sell their products in India at rates lower than their own domestic prices.
Delhi is yet to take a call on the DGAD report while Dhaka says it's aware of the issue.
“We have sent our official statement to the Indian authorities last week,” said Bangladesh Commerce Secretary Hedayetullah Al Mamoon.
Negotiations will start with the Indian government once the official statement is received, he added.
Currently, Bangladesh jute and jute goods enjoy zero-duty benefit on export to the Indian market under the South Asian Free Trade Area (SAFTA) agreement.
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