No chance to probe anti-dumping on jute export to India: Minister

Commerce minister Tofail Ahmed has said there is no possibility to probe the anti-dumping issue relating to the export of jute products to India, as Bangladesh already provides cash incentives to jute traders. “We've long been providing cash incentives to jute traders. We've no plans to take over the Indian market by reducing jute prices,” he told reporters after a meeting with the new Indian high commissioner to Bangladesh, Harsh Vardhan Shringla, at the Secretariat yesterday.  Tofail Ahmed also said India would understand the matter as there is no such understanding between the two countries on anti-dumping. “We provide cash incentives to jute traders to encourage them. Even India does the same for its traders,” he added. Monoj Kumar Roy, additional secretary of the commerce ministry, recently went to Delhi to discuss the issue and explained this to the Indian authorities, the minister said. "Is there any benefit for businessmen in this? It’s a well-established fact that there is nothing to get from anti-dumping situations,” he added. "If there is any non-tariff barrier, we'll resolve the issue through discussions in the future," he said.. The minister said both India and Bangladesh are interested in setting up more border haats. "Indian states of West Bengal, Meghalaya, Assam, Tripura and Mizoram want to set up more such haats," he added. “We've discussed about implementing this initiative as soon as possible. I've already spoken about this with the Indian industries and commerce minister,” he said. India is giving duty-free access to all products, except liquor and tobacco products, the commerce minister said. Tofail Ahmed said the exports volume to India is increasing gradually, and it has achieved 12 per cent growth last year. Commerce minister said the current trade gap between the two countries is not a problem, as Bangladesh imports more products like yarn, fabric, onion from India to meet the need. He also said the trade gap with China is higher compared to India. The expressed optimism that the export of products like readymade garments to India will increase in the future. Harsh Vardhan Shringla said India is considering investing more in Bangladesh. “Indian companies are willing to invest more in Bangladesh, particularly in the power sector and in energy, and also in hospital, port and infrastructure, in collaboration with Bangladeshi industrialists,” headed. Regarding the issue of jute exports from Bangladesh to India, Shringla said it would be resolved through discussion and that it is not a big problem.

No chance to probe anti-dumping on jute export to India: Minister

Commerce minister Tofail Ahmed has said there is no possibility to probe the anti-dumping issue relating to the export of jute products to India, as Bangladesh already provides cash incentives to jute traders. Weve long been providing cash incentives to jute traders. Weve no plans to take over the Indian market by reducing jute prices, he told reporters after a meeting with the new Indian high commissioner to Bangladesh, Harsh Vardhan Shringla, at the Secretariat yesterday. Tofail Ahmed also said India would understand the matter as there is no such understanding between the two countries on anti-dumping. We provide cash incentives to jute traders to encourage them. Even India does the same for its traders, he added. Monoj Kumar Roy, additional secretary of the commerce ministry, recently went to Delhi to discuss the issue and explained this to the Indian authorities, the minister said. Is there any benefit for businessmen in this? Its a well-established fact that there is nothing to get from anti-dumping situations, he added. If there is any non-tariff barrier, well resolve the issue through discussions in the future, he said.. The minister said both India and Bangladesh are interested in setting up more border haats. Indian states of West Bengal, Meghalaya, Assam, Tripura and Mizoram want to set up more such haats, he added. Weve discussed about implementing this initiative as soon as possible. Ive already spoken about this with the Indian industries and commerce minister, he said. India is giving duty-free access to all products, except liquor and tobacco products, the commerce minister said. Tofail Ahmed said the exports volume to India is increasing gradually, and it has achieved 12 per cent growth last year. Commerce minister said the current trade gap between the two countries is not a problem, as Bangladesh imports more products like yarn, fabric, onion from India to meet the need. He also said the trade gap with China is higher compared to India. The expressed optimism that the export of products like readymade garments to India will increase in the future. Harsh Vardhan Shringla said India is considering investing more in Bangladesh. Indian companies are willing to invest more in Bangladesh, particularly in the power sector and in energy, and also in hospital, port and infrastructure, in collaboration with Bangladeshi industrialists, headed. Regarding the issue of jute exports from Bangladesh to India, Shringla said it would be resolved through discussion and that it is not a big problem.