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Bangladesh plans campaign to explore newer markets for jute products

Related Keywords: a major destination, Bangladesh facing a setback in its jute export to India, country plans to launch a campaign, explore newer markets for jute products, Indian anti-dumping duty on import of jute products, speaking at opening of Jute Diversification Promotion Centre, State minister for textile and Jute

With Bangladesh facing a setback in its jute export to India, a major destination of the items, the state Minister for Textile and Jute speaking at opening of Jute Diversification Promotion Centre (JDPC) said that the country plans to launch a campaign to explore newer markets for jute products.

He said that Bangladesh may face huge economic loss because of Indian anti-dumping duty on import of jute products. Bangladesh exported around 100 thousand tons of jute goods to India annually.

Bangladesh fails to gain duty-free access to Indian market due to non-tariff charges

Related Keywords: Bangladesh garment industry, Dhaka, duty free access, Indian man-made textile, Indian textile market, Indian traders, Miza Azam, State minister for textile and Jute, trade deficit

Bangladesh garment industry although has duty-free access to the Indian market, it is unable to gain benefit from the facility due to non-tariff charges, said state minister for Textile and Jute Miza Azam after inaugurating a two-day Indian man-made textiles exhibition in the city.

Bangladesh has been suffering from inveterate trade deficit with India for decades and need to address the trade imbalance issue in a win-win situation.

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