Customs imposes anti-dumping duty on jute from Nepal and Bangladesh
The Dollar Business Bureau The Government imposed definitive anti-dumping duty on imports of jute and jute products from Nepal and Bangladesh on Jan 5. In its notification no.01/2017-Customs (ADD) dtd Jan 5, 2017, the government details that anti-dumping duty ranging from $6.30 to $351.72 has been imposed on these products originating from Nepal and Bangladesh to protect the interests of the domestic manufacturers. The anti-dumping duty shall be effective for five years beginning from the date of publication of this notification and the duty shall be paid in Indian currency. The import restrictive levy has been imposed on jute yarn/twine, Hessian fabric and jute sacking bags in "all forms and specifications". The DGAD, based on the complaints received from the local players had initiated an investigation last ...
India-Bangladesh: Towards greater economic cooperation
Prof. A.K. Sen Gupta | The Dollar Business The Prime Minister, Narendra Modi giving his statement to media at the Joint Press Briefing with the Prime Minister of Bangladesh, Ms. Sheikh Hasina, in Dhaka, Bangladesh on June 06, 2015. (Source: PIB, Government of India) A new Chapter was opened in Indo-Bangladesh relations when the Prime Ministers of both nations met very recently in Dhaka to resolve many of the outstanding issues standing in the way of greater economic cooperation between the Asian neighbours. Although such dialogues between the two nations had been carried on earlier, it was only after the personal visit of Prime Minister Modi, that concrete solutions seem to have emerged. Going by press reports, the visit has ...
Indias cotton exports forecast to decline 35% in MY2014-15
The Dollar Business Bureau | @TheDollarBiz After rising by almost 19% y-o-y in MY2013-14, India’s cotton (raw) exports are expected to decline sharply by almost 35% this year, mainly due to lower demand in China. According to the USDA Post in New Delhi, India’s cotton exports in the marketing year beginning August 2014 are forecast to decline to 1.3 million tonnes (around 6 million 480 lb bales), which is down about 34.8% from an estimated 2 million tonnes (around 9.2 million 480 lb bales) exported in MY2013-14. India is the world’s largest cotton producer (about 6.7 million tonnes) and the second largest exporter of cotton. India’s cotton exports have grown in the last few years, in tandem with growth in China’s imports. ...
