India Imposes Anti-dumping Duty on Jute Goods from Bangladesh

It also plans to take necessary steps against a possible imposition of countervailing duty (CVD) — also known as anti-subsidy duty — despite the existing ADD on these products in the Indian market, they added.

The commerce ministry has sought relevant information from various government agencies and private entities, including the industries ministry, revenue board, private jute millers and associations, by February 20. It has requested details on the production capacity of mills and factories, the volume of raw jute produced, exports and firms between 2010 and the present.

The ministry has also requested information on the volume of jute goods exported from Bangladesh to India.

Md Hafizur Rahman, a member of the Bangladesh Competition Commission who led the Bangladesh delegation at the meeting, earlier said there is no provision in the World Trade Organization (WTO) or the existing Indian law to impose anti-dumping and anti-subsidy duties simultaneously on the same product.

Mr Rahman, a former director general of the WTO cell under the commerce ministry, said that Bangladesh does not provide actionable subsidies for its jute products.

Jute goods exported from Bangladesh have already faced significant anti-dumping duty since 2017.

This duty, ranging from $6.03 to $351.72 per tonne, was imposed based on allegations of dumping goods like jute yarn, twine, jute sacking bags and hessian fabric.

According to commerce ministry officials, Dhaka is currently pursuing diplomatic and political channels to persuade Delhi against imposing a countervailing duty, highlighting the detrimental impact of the existing anti-dumping duty on Bangladesh’s export earnings from India.

·       Tags : anti dumping, Bangladesh, Jute baskets, Jute exports