Argentina has finally imposed anti-dumping duty at the rate of 56 per cent on import of gloves from Bangladesh and some other countries for five years.
The productive development ministry of the South American country issued a notification on February 2 after concluding an investigation into the alleged dumping of the product to the country in exports.
Earlier in November 2019, the country initially imposed a 56-per cent ADD on import of the product from Bangladesh, China, India, Malaysia and Sri Lanka.
In the latest circular, the ministry has finally imposed the duty on finding evidence of dumping and injury to the local industry due to the dumping.
As per the notice issued, 42-per cent ADD on the freight on board value will be applicable on exports from Bangladesh, China, Sri Lanka and Malaysia while the ADD rate will be 35.06 per cent for Indian exports to Argentina.
The Argentine embassy in the United States informed the Bangladesh embassy in the US of the decision on February 11.
Officials of the commerce ministry on Thursday said that they had been informed of the developments by the Bangladesh embassy at Washington but they were yet to see the details.
Neither the government nor local exporters contested the investigation process undertaken by the South American country, they said.
Exporter associations, including the Bangladesh Garment Manufacturers and Exporters Association and the Bangladesh Knitwear Manufacturers and Exporters Association, did not even respond to queries made by the Bangladesh Trade and Tariff Commission on the issue.
According to the Export Promotion Bureau of the commerce ministry, Bangladesh’s export of gloves, mittens and mitts, knitted or crocheted, impregnated, coated or covered with plastic or rubber, to Argentina was worth $1,82,982 in the fiscal year 2019-2020.
Export of the product to Argentina was worth $1,17,361 in the fiscal year 2018-2019, the EPB data showed.
Although the export volume of the product to the country was not so significant in comparison with its total export worth $33.67 billion in FY20, the imposition of the anti-export duty will have far-reaching impacts on exports of the country as other countries might follow Argentina’s example, the officials said.
In recent years, Bangladesh has also faced anti-dumping and related duties on jute and jute goods, hydrogen peroxide and fishing nets from India, on hydrogen peroxide from Pakistan and synthetic yarn from Turkey.
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