Delhi extends anti-dumping duty on jute products from Dhaka

Jute - 282 types of attractive jute products have been declared as versatile jute products. RMG Bangladesh.

Jehangir Hussain

In a notification issued on Friday, the Indian finance ministry extended anti-dumping duty on jute goods from Bangladesh for five years, ranging from  $6.3 to $351.72 per tonne, reports The Telegraph from New Delhi.

“The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency,” reads the notification.

In January 2017, India imposed anti-dumping duties ranging from $19 to $352 per tonne for five years on jute exports from Bangladesh. After the five-year period expired on 1 January 2022, the country started a review on keeping the duty for a while longer.

In October last year, India's Directorate General of Trade Remedies (DGTR) recommended its finance ministry to again impose anti-dumping duty on jute goods exports of Bangladesh for another five years, prompting Bangladesh's commerce ministry to initiate discussions with exporters to determine the course of action.

At present, a joint feasibility study on a Comprehensive Economic Partnership Agreement (CEPA) between India and Bangladesh is being carried out and following a recent meeting between commerce ministers of the two countries, an Indian commerce ministry note said.

It said that the two sides agreed to start Comprehensive Partnership Agreement (CEPA) discussions at an early date.

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