Bangladesh to challenge India's countervailing duty on jute imports
Bangladesh is gearing up to challenge India's imposition of countervailing duty (CVD) on jute and jute goods imported from Bangladesh. Senior Commerce Secretary Tapan Kanti Ghosh confirmed this move during a recent statement.
A delegation from the Bangladesh Ministry of Commerce is set to participate in a consultation meeting scheduled for October 30 at the office of the Director General of Trade Remedies (DGTR) in New Delhi. The primary purpose of this meeting is to address the concerns raised by India over the imposition of CVD on Bangladeshi jute and jute products, as outlined by Ghosh.
The Bangladesh team's main argument will focus on the assertion that the subsidies provided by Bangladesh to its jute and jute goods industry do not negatively impact the Indian jute and jute goods sector, as per their initial investigation.
One point of contention is India's claim that Bangladesh offers subsidies to factories situated within Export Processing Zones (EPZs) in the jute and jute goods sectors. However, Senior Commerce Secretary Ghosh refuted this claim, stating that no jute and jute goods factory operates within EPZs in Bangladesh.
Moreover, given that India has already imposed anti-dumping duty (ADD) on jute imports, it raises questions about the necessity of levying CVD on the same goods within the same market. Ghosh underscored the importance of considering this aspect in the ongoing dispute.
Back in August, the Indian government initiated communication by sending a letter to the Bangladesh Ministry of Commerce, expressing their intent to meet with Senior Commerce Secretary Ghosh as part of their ongoing investigation.
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