India has assured Bangladesh that it would review the imposition of anti-dumping duty by it on Bangladesh jute goods, said a senior commerce ministry official following a secretary-level meeting between the two countries in Dhaka on Monday.
India in April 2017 imposed the anti-dumping duty ranging from $19 to $351.72 a tonne on import of jute products, including jute yarn, twine, hessian fabric and jute sacking bags from Bangladesh for five years.
‘We have said that slapping anti-dumping duty on Bangladesh’s jute goods was not logical and India should withdraw it,’ he said.
According to the meeting sources, Indian commerce secretary Anup Wadhawan assured of reviewing the anti-dumping duty on import of jute goods from Bangladesh.
In the meeting, India urged the government of Bangladesh to withdraw subsidy from jute and to file an application with the Indian authorities for the interim review of anti-dumping duty.
Bangladesh authorities did not agree with the condition and demanded an unconditional withdrawal of anti-dumping duty on Bangladesh jute goods, meeting sources said.
The sources also said that both the countries expressed their interest to sign Comprehensive Economic Partnership Agreement soon.
Commerce secretary Md Jafar Uddin proposed signing the CEPA within six months and the officials of Indian government said that they would work to sign the agreement shortly, meeting source said.
In the meeting, Bangladesh expressed its concern over the new customs rules framed by India, especially on the provision of rules of origin.
‘Indian officials said their new customs rules were not hampering bilateral trade,’ the commerce ministry official said.
Following the meeting, the commerce ministry issued a press release, saying that the
Bangladesh-India commerce secretary-level meeting discussed ways to remove trade barriers to increase bilateral trade and business between the two countries.
It said that the issues of existing tariff and non-tariff barriers and anti-dumping duty on jute goods were discussed in the meeting.
The meeting also discussed the fusibility study on signing CEPA, increasing the number of border markets, expanding port facilities and increasing regional connectivity, the release said.
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