DCCI worried over India’s anti-dumping duty on Bangladesh jute

India’s anti-dumping authority has proposed 25-30 per cent duty on the jute imported from Bangladesh and Nepal based on the investigation outcome though there is no clear finding of injury caused by Bangladesh’s exported price and volume on Indian local finished producers, said DCCI in a statement yesterday. DCCI in its statement said: “It will have negative cascading impacts on parties involved in our local jute supply chain process, export market and dampen glorious heritage of golden fiber of Bangladesh.” According to the statement, following the anti-dumping investigation into imports of jute goods from Bangladesh in 2015, the probe body of Directorate General of Anti-Dumping and Allied Duties (DGAD) is going to propose imposition of anti-dumping duty on jute items imported from Bangladesh against accusation of Indian Jute Mills Association of lowered price and injury to domestic industry. It said when Bangladesh is working hard to improve and maintain a justified cross-border bilateral trade relation with India, this sort of decision is likely to be a blow to their endeavour. “In this regard, our commerce ministry, Tariff Commission and other government agencies concerned are requested to immediately take up the issue to review the entire technical process of anti-dumping investigation made,” said the DCCI. They also sought negotiation with the commerce ministry of India to reconsider this trade unfriendly decision to safeguard local jute industry in the greater interest of bilateral trade between Bangladesh and India. Following the anti-dumping investigation into imports of jute goods from Bangladesh in 2015, the probe body Directorate General of Anti-Dumping and Allied Duties (DGAD) is going to propose imposition of anti-dumping duty on jute items imported from Bangladesh against accusation of Indian Jute Mills Association of lowered price and injury to domestic industry. Bangladesh usually exports jute and jute goods, yarn, twine, sacks and bags worth around $900 million to many global destinations of which is 20 per cent of Bangladesh’s export to Indian market. “Our 20 per cent jute export to India accounts for 8 per cent of entire Indian local market share,” said the DCCI. If this proposed anti-dumping duty comes under effect, it could result adverse impacts on Bangladesh’s local growers, producers, exporters and spur further trade imbalance of Bangladesh with India, said the statement.