Dhaka Chamber of Commerce and Industry on Thursday expressed its concern over the proposed decision of Indian government to impose anti-dumping duty on jute and jute items imported from Bangladesh.
Following an anti-dumping investigation into imports of jute goods from Bangladesh in 2015, the directorate general of Anti-Dumping and Allied Duties in India proposed to impose anti-dumping duty on jute items imported from Bangladesh against accusation of Indian Jute Mills Association of lowered price and injury to domestic industry.
‘If this proposed anti-dumping duty comes into effect, it could result in adverse impacts on our local growers, producers, exporters and spur further trade imbalance of Bangladesh with India,’ the trade body said in a statement.
It said that anti-dumping authority of India proposed 25-30 per cent duty on the jute imported from Bangladesh and Nepal based on the investigation outcome though there was no clear finding of injury caused by Bangladesh’s exported price and volume on Indian local finished producers.
The DCCI said that this sort of decision is likely to deal a blow to the efforts of Bangladesh to improve and maintain a justified cross-border bilateral trade relation with India.
The trade body urged the commerce ministry, Tariff Commission and other concerned government agencies to negotiate with the Indian authority to reconsider the trade-unfriendly decision for the greater interest of bilateral trade between Bangladesh and India.
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