IJMA demands imposition duty on imports from Bangladesh

Related Keywords: boost jute exports, cut production, demand to impose duty, domestic jute bage manufacturers, domestic manufacturers, flooding Indian market, India and Bangladesh, Indian jute mills association, jute geo-textiles, Jute Packaging Materials Act, non level playing, on import of jute goods, SAARC treaty, subsidized jute goods, zero duty

Kolkata
IJMA demands imposition duty on imports from Bangladesh
Summary: 
The Indian Jute Mills Association (IJMA) has raised the demand ahead of the Union Budget to impose duty on imports of jute goods from Bangladesh that has grown by 35 percent in the April-December period of this fiscal at the expense of domestic manufacturers. Over the same period, the domestic jute bags manufacturers have cut production by more than 25 percent.

The Indian Jute Mills Association (IJMA) has raised the demand ahead of the Union Budget to impose duty on imports of jute goods from Bangladesh that has grown by 35 percent in the April-December period of this fiscal at the expense of domestic manufacturers. Over the same period, the domestic jute bags manufacturers have cut production by more than 25 percent.

Under the SAARC treaty, there is zero duty on import of jute goods from Bangladesh, thereby creating a non level playing field between jute manufacturers of India and Bangladesh.

http://www.business-standard.com/budget/article/jute-industry-wants-duty-on-imports-from-bangladesh-115022501055_1.html
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