Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Monday, July 16, 2018 02:49:27 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Non-tariff barriers hitting hard exports to India

By
07th-Dec-2017       
Comments
Share your thought
Post a comment »
Read all () »

EXPORTS to India are not picking up despite a friendly bilateral relationship which has coexisted for long, particularly with the government of the day. The bordering nations maintain a political nexus and diplomatic warmth but export volumes have remained frigid as goods from Bangladesh have to face several non-tariff barriers, countervailing duties, illiberal marketing scope, standardization problem, and lack of diversity in the export basket. The import volume from India is in an ever increasing trend which reached at USD 5.6 billion in 2016 while Bangladesh is struggling to cross the USD 1 billion-mark on exports to India. Taking the congenial relation as an opportunity, the government should strengthen diplomatic efforts to expand trade relations by removing non-tariff barriers and widening export items.

According to Export Promotion Bureau, Bangladesh's exports to India stood at $672.40 million in fiscal 2016-17 although Indian markets can be a good export destination for Bangladeshi garment makers for its rising middle-class population. But the exports have not been increasing mainly for two reasons - a lack of diversity in Bangladeshi goods and non-tariff barriers in India. Goods cannot enter freely into the Indian market from Bangladesh due to India having non-tariff barriers like mandatory testing and also due to a poor banking system along the bordering areas. India allows duty-free access to all Bangladeshi items, but the imposition of 12.5 percent countervailing duty on apparel items and anti-dumping duty on jute and jute goods are the new obstacles that hindered exports. As a result, in the last fiscal year, garment shipments to India fetched only USD 129.81 million, down by 4.85 percent year-on-year basis.

Currently, the Bangladesh Standards and Testing Institution certificate for 21 food products is recognized by India. Recently, Bangladesh proposed to India to accept the BSTI certification for 14 other products like frozen food, potato crackers, candy, milk powder, white bread, dry cake, drinking water, flavoured drinks, canned juices, soap, cement, mild-steel rod, GI pipes and textile items. The balance of trade between the two countries is heavily tilted towards India because Bangladesh imports some basic products like rice, wheat cotton, cereal, vehicles, chemicals and pharmaceuticals from the neighbouring country.

In such an unbusiness like background, the government must engage high diplomatic endeavours to remove non-tariff barriers, anti-dumping duty, BSTI acceptance and access of television channels to Indian airspace for advertising local goods to the Indian peripheral areas. If such a favourable business-friendly eviroment is created then there will be remarkable expansion of Bangladesh's export earnings from India resulting in marked reduction in the BoP gap.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Nobody could enjoy freedom to foil peaceful movement of students


ONCE again, the activists of Bangladesh Chhatra League (BCL) yesterday assaulted some students and teachers of Dhaka University to foil their human chain programme at Central Shaheed Minar demanding release of three quota reformists. The reformist leaders Jashim and Moshiur were shown arrested in a case filed for the attack ...

City »

HT Imam, Political Adviser to the Prime Minister was present as Chief Guest at a discussion meeting marking the 2oth founding anniversary of the Ministry of CHT Affairs at Cirdap Auditorium yesterday.


International »

N Korea, US hold talks on war dead repatriation


AFP, Seoul :North Korean and US military officials met at the inter-Korea border Sunday to discuss repatriation of the remains of American troops killed during the Korean War, a report said.Returning the remains of the US soldiers who perished during the 1950-53 conflict was part of a deal signed by ...

Football »

Belgium players celebrate after Thomas Meunier`s goal gave them an early lead in the third-place playoff against England.


Sports »

After baby steps, Serena plans giant leap in Wimbledon final


Serena Williams was reduced to tears by her daughter Olympia's first steps at Wimbledon, but now the seven-time champion is planning a giant leap of her own in Saturday's final against Angelique Kerber.Just 10 months after giving birth, Williams can complete an incredible comeback as she bids to become the ...

Editorial »

UN-Myanmar deal cannot remain secret : We must not undermine UN efforts


The Transparency International Bangladesh (TIB) on Monday claimed that a secret deal has signed between the United Nations and Myanmar over repatriation of Rohingyas staying in Bangladesh. The Memorandum of Understanding was signed between the Myanmar government and UN's two offices -- UNDP and UNHCR. TIB somehow seems not happy ...

International »

White House official who favored more refugee admissions is out


Reuters, Washington :A White House official who supported higher numbers of refugee admissions to the United States and clashed with immigration hard-liners in the Trump administration left her position on Thursday, two U.S. officials with knowledge of the departure said.Jennifer Arangio, a senior director at the White House National Security ...

City »

International Society for Krishna Consciouness brough out a rally in the city on Saturday on the occasion of Rathyatra, a religious festival of the Hindu Community.


Entertainment »

Kajol has an interesting role in Helicopter Eela


Three years after her last release Dilwale, Kajol is all set to return to the big screen after with Pradeep Sarkar's Helicopter Eela. The actress will be seen playing a possessive mother in the film. She gives up her dream of becoming a singer to raise her only child. Her ...

Editorial »

Treatment of Lord Carlile revealed lack of confidence


A BRITISH parliamentarian, lawyer and also the counsel for jailed opposition leader Khaleda Zia, Alex Carlile was denied entry to India as he wanted to address a press conference at a meeting of a human rights body in Delhi.While explaining the entry rejection, the Indian Foreign Ministry sources said Carlile's ...

Football »

Era Istrefi, Will Smith and Nicky Jam pose with the World Cup trophy at a press conference during the 2018 FIFA World Cup at Luzhniki Stadium in Moscow, Russia on Friday.


.

Entertainment »

Aishwarya Rai Bachchan and Priyanka Chopra`s catfight continues


Looks like the rivalry between Aishwarya Rai Bachchan and Priyanka Chopra is not going to stop anytime soon. The oldest competitors who started off their career in a similar manner post receiving the title of Miss World have found another medium to compete. After spreading their magic on International grounds, ...

International »

Trump torpedoes May`s Brexit strategy on UK visit


AFP, London :US President Donald Trump launched an extraordinary attack on Prime Minister Theresa May's Brexit strategy, plunging the transatlantic "special relationship" to a new low as they prepared to meet Friday on the second day of his tumultuous trip to Britain.In an interview conducted before he began his visit, ...

City »

Non-Government Employees Union in Government Colleges formed a human chain in front of the Jatiya Press Club on Friday demanding nationalization of services of non-government employees in Government colleges.


.

Editorial »

Govt must take prompt action to end the uncertainity over LNG


WE became very happy when American company Excelerate Energy's Floating Storage and Regasification Unit (FSRU) 'Excellence' arrived at Moheshkhali deep sea on April 23 bringing 0.65 million tone liquid gas from Qatar. The $180 million project was co-developed by Petrobangla, Excelerate Energy and the International Finance Corporation, a member of ...

 
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
Email:
Write a comment to this news