Bangladesh’s jute export to India dips | Trade News Bangladesh
Home » News » Trade News » Bangladeshs Jute Export To India Dips

Bangladesh’s jute export to India dips

Share: 
      Newsletter

READ MORE ON Anti-dumping DutyJuteTrade News Bangladesh

Jute

Image Courtesy: jute-india.com

Jute export to India from Bangladesh’s has noted decline in recent months after former imposed anti-dumping duty. The export of jute dropped 52 per cent in January and 37 per cent in February. The anti-dumping duty has been imposed for five years and applies to products such as jute yarn, hessian fabrics and jute sacks.

Jute holds position of being the third largest export earning sector of Bangladesh, after garments and leather, and India is one of the biggest markets for the fibre. The country accounted for 17 per cent of jute goods exported by Bangladesh in fiscal 2015-16.

Also ReadIndian Ministers discuss measures to boost jute production

On her recent visit to India, Bangladesh Premier Sheikh Hasina said, “We have discussed the review of anti-dumping duties imposed on jute export from Bangladesh, and resolved the issue. To bring balance in trade between the two countries, we have decided to set up Special Economic Zones for India in Bangladesh at identified locations.”

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

Airports’ inefficiency causing a billion to Bangladesh

Coming down heavily on the alleged delay in releasing garment samples by Bangladesh’s airports, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA),...

BGMEA claims member factories paid workers’ salary before Eid

Putting to rest fears of readymade garment workers’ protest in case of non-payment of wages by some garment factories in Bangladesh, the apex...

Marubeni looks to capture Europe market

Looking to supply products to fast-fashion retailers throughout Europe via Turkey, Japanese trading house Marubeni has announced to invest nearly 10 billion yen in Istanbul-based...

India, Australia ink MoU to boost cooperation in textile, apparel sectors

A Memorandum of Understanding (MoU) between Ministry of Textiles and Department of Foreign Affairs and Trade, Australia has been approved by Union Cabinet,...

Bangladesh Police fear workers’ unrest in 598 RMG units

The police of industrial zone of Bangladesh have reportedly expressed fear of possible protests by garment workers pertaining to wages and bonus in...

50 injured in Bangladesh garment workers’ unrest

At least 50 people, including eight policemen, were reportedly injured in a clash between police and garment workers in Gazipur Metropolitan area (Bangladesh) on Wednesday evening. The clash reportedly erupted...

India’s Commerce Minister discusses FTP

India’s Commerce and Industry Minister Nirmala Sitharaman chaired Board of Trade (BoT) meeting to consult industry on Mid-term Review of Foreign Trade Policy...

B’desh banks to work on weekend to disburse Eid bonus, wages

Bangladesh Bank (BB) has reportedly asked all commercial banks in the country to keep their respective branches in industrial areas of Dhaka, Ashulia,...

Cambodia: Talks on minimum wages to commence in July

Cambodian Labour Minister Ith Sam Heng has announced that negotiations on minimum wages would begin in July with a decision expected in the...

Bangladesh to be top cotton importer in 2017-18

According to United States Department of Agriculture (USDA), Bangladesh, the largest cotton importer in world, has been projected to remain the top importing...