Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Saturday, February 24, 2018 08:26:07 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

India`s anti-dumping duty on jute goods ill planned

Share your thought
Post a comment »
Read all () »

BANGLADESH jute goods exporters see no hope of withdrawal of anti-dumping duty imposed by India on jute goods from Bangladesh as the deadline for legal battle ended on April 5 with no local exporters, except one, filing appeals, as per a report of a local daily.

On the other hand, the visit of PM Sheikh Hasina has not brought any hope for jute exporters as India did not make any specific decision on the issue. The government will also have to wait for at least one year for seeking review of the decision in line with the anti-dumping duty law.

BJSA and BJMA have no information whether any exporter filed appeal or not as no exporter apprised the associations. Indian Finance Ministry on January 5 imposed the duty following an investigation of India's Directorate General of Anti-Dumping and Allied Duties (DGAD) for alleged dumping of the products in the Indian market by Bangladeshi exporters.

The decision hit hard Bangladesh's jute products like yarn, twine, sacks, bags and fabrics export to its neighbouring country as overall export slumped 52 per cent to 6,872 tones in January and 37 per cent to 6,155 tones in February compared with the same months in last year. Many believe that India has imposed the duty to force Bangladesh to export raw jute for Indian jute mills to run their plants. With huge trade gap such step by the Indian government is not a friendly act that the policy makers in Delhi should know.  
Former vice-president of BJSA said that exporters thought that the issue would be solved politically during Prime Minister Sheikh Hasina's visit to India. So, exporters did not file appeal though some exporters initially considered filing appeal, as per the report. Experts and exporters said that only new shippers could seek exemption from the duty arguing that they would not export during the period of investigation.

It was wishful thinking that the BJSA and BJMA thought that the problem would be solved magically during PM's visit - but unfortunately that has not occurred. PM Modi  has only assured her of looking into the problem. But since the deadline for legal action has gone away there is nothing that can be done for the next year.

Our jute sector, once the golden sector earning almost 80 percent of our foreign exchange, has been in the doldrums for long. We have done little to uplift the image of jute in the international market despite the fibre being one of the best eco-friendly materials for use in packing food and other items. It is biodegradable and does not create pollution when dumped, making it an ideal product for export.

We can make jute bags, cloth, domestic items like sofa covers and many other items from the golden fibre. It is time that we think of ways to reinvent the use of jute for increasing our earning from it domestically and abroad.

Add Rate

News Archive

Inside The New Nation

Editorial »

Indian Army Chief`s allegation means complicity of government of Bangladesh

REMARKS by Indian Army Chief, Gen. Bipin Rawat on Thursday that a 'planned influx' of people from Bangladesh into India's north-east is underway as part of a proxy war by Pakistan with support from China, so to keep the area disturbed. Moreover, he also said migration from Bangladesh are happening ...

Sports »

Bronze medalist in the women`s Big Air snowboard Synnott Zoi Sadowski of New Zealand, poses during the medals ceremony at the 2018 Winter Olympics in Pyeongchang, South Korea on Thursday.


Entertainment »

Priyanka Chopra terminates contract with Nirav Modi, not suing him yet

Priyanka Chopra has decided to cut ties with billionaire diamond trader Nirav Modi's brand following the news about the alleged banking fraud carried out by him. "In the light of recent allegations, Priyanka Chopra has chosen to terminate her contract with the Nirav Modi brand," a spokesperson of Priyanka, who ...

City »

BNP Standing Committee Member Barrister Moudud Ahmed speaking at a protest rally organised by Khaleda Zia Mukti Parishad at the Jatiya Press Club on Friday demanding release of BNP Chairperson Begum Khaleda Zia.


International »

Ex-Trump campaign associates face more charges

AP, Washington  :Dramatically escalating the pressure and stakes, special counsel Robert Mueller filed additional criminal charges Thursday against President Donald Trump's former campaign chairman and his business associate.The filing adds allegations of tax evasion and bank fraud and significantly increases the legal jeopardy facing Paul Manafort, who managed Trump's campaign ...

Front Page »

Amnesty accuses President Trump of HR violations

Human rights group Amnesty International has accused Donald Trump of "hateful" politics and of being a threat to human rights. "President Trump takes actions that violate human rights at home and abroad," the group said. Amnesty put Mr Trump in the same group as the leaders of Egypt, Russia, China, ...

Editorial »

Serving people not making money must be the motto

PHYSICIANS must provide treatment, President Abdul Hamid said to common people at affordable cost so that no one remained deprived of receiving treatment for lack of money. He made the call while addressing the third convocation of Bangabandhu Sheikh Mujib Medical University in the city on Monday. He has also ...

Sports »

Karolina Pliskova of Czech Republic celebrates after she beats Carla Suarez Navarro of Spain during the Dubai Duty Free Tennis Championship in Dubai, United Arab Emirates on Wednesday.

Entertainment »

Alicia Vikander loves `big adventure films`

Oscar-winning actress Alicia Vikander said she loves "independent and arthouse" cinema, but is also attracted towards the big adventure films.The actress, who will be soon seen as Lara Croft in the forthcoming film 'Tomb Raider', also shared that she found training and muscle-building exercise for the role, empowering. "My mother, ...

International »

Merkel calls for Europe to step up to global challenges

Reuters, Berlin  :The European Union must develop a response to growing global political and economic pressures and this will be the spirit of an EU summit this week, German Chancellor Angela Merkel said on Thursday.Merkel pointed to the crisis in Syria and the growing importance of Asian economies as needing ...

City »


Editorial »

Ekushey tells us to be free and fearless against injustice

THE Nation celebrates 'Amar Ekushey' today with due solemnity and colourful festivities to remember the Martyrs of the 1952 Language Movement. It is a landmark occasion and a day of awakening in the history of Bengali people that gave us the clear realization that we have our own language and ...

Cricket »

Captain of Bangladesh National Cricket (ODI) team Mashrafe Bin Mortaza handing over a crest of honour to Hafiz Yasin Arafat at the Bashundhara International Convention Centre in the city recently. Yasin Arafat became Hafiz-e-Quran in 86 days. He was a student of Tanjimul Ummah Hifz Madrasah of Cox's Bazar. Ahlul Huffaz Foundation Bangladesh arranged the reception programme.

Sports »

Medalists in the ice dance, free dance figure skating (from left) : Gabriella Papadakis and Guillaume Cizeron, of France (silver), Tessa Virtue and Scott Moir of Canada (gold) and Maia Shibutani and Alex Shibutani of the United States (bronze) pose during their medals ceremony at the 2018 Winter Olympics in Pyeongchang, South Korea on Tuesday.

International »

Trump backs improved background checks on gun buys

US President Donald Trump signaled support Monday for improving background gun checks amid mounting pressure for reform in the wake of the Florida school shooting, as the accused gunman appeared in court.Nikolas Cruz, charged with killing 17 people, sat silently with his head bowed during a procedural hearing in Fort ...

Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Write a comment to this news