New Delhi4 hours ago
- Copy link
India has banned the import of jute and its related products from Bangladesh. This decision has been taken due to increasing tension between the two countries. According to reports, now jute products from Bangladesh will be able to come to India only through Nhawa Sheva port in Maharashtra.
The Directorate General of Foreign Trade (DGFT), who works under the Ministry of Commerce, issued a notification in this regard on Friday. According to sources, this ban has been imposed on the import of jute from Bangladesh. Because from there, India's jute industry has been suffering for a long time due to the import of cheap and subsidized jute products.
In fact, under the South Asian Free Trade Area (SAFTA), jute products from Bangladesh are exempted from without duty in India. But the subsidy provided by the Government of Bangladesh and the use of incorrect methods by the exporters there, such as wrong labeling, misuse of technical discounts to avoid duty and wrong announcements for gaining more subsidy.
Jute products from Bangladesh under SAFTA are exempted from India without duty.
Anti-dumping duty imposed on jute products coming from Bangladesh
All these things are making difficulties for the Indian jute industry. In response, India's Directorate General of Anti-Dumping and Allied Duties (DGAD) investigated and imposed anti-dumping duty on jute products coming from Bangladesh. But despite this, there was no significant decrease in the import.
Jute products from Bangladesh will be imported only from Nhawa port
Now the government has taken strict steps and decided that the import of jute products from Bangladesh will be done only from Nhawa Sheva port. A source said, 'This step will help prevent wrong labeling and fraud. Also, the quality check will be further strengthened, so that the unique trade practice will be controlled.
India banned the import of jute products from Bangladesh. This step has been taken to save the livelihood of people associated with jute industry in rural areas.
This decision can be a relief for the Indian jute industry
Apart from this, the government is also ensuring that the exporters of Bangladesh cannot ignore these restrictions through any other countries. This step has been taken to promote self -reliant India and to save the livelihood of people associated with jute industry in rural areas. This decision can be a relief for the Indian jute industry, which was under pressure from foreign import for a long time.
