Why Bangladesh’s Matarbari port is a game changer for India

[saif]

Growth and trade relations for all countries is based on relations which are even-keeled.

If Indians keep exporting $50 Billion to us while we export $2 Billion to India, this cannot continue.

Parity in trade must be established.

If they cannot ensure parity in trade they should invest more in Bangladesh to offset the negative impact of current trade imbalance.

 

[@blue Ocean]

If they cannot ensure parity in trade they should invest more in Bangladesh to offset the negative impact of current trade imbalance.

Are you a born Qafir that you are soliciting Hindu investment in our Holy BD? What is your true identity?

 

[Bilal9]

If they cannot ensure parity in trade they should invest more in Bangladesh to offset the negative impact of current trade imbalance.

Won't help. They will bring in 90% Indian employees to have them work on any investments.

Locals don't get jobs in any Indian project. Ask around - you'll know...

Illegal Indians work at much cheaper rates, especially workers from BIMARU areas.

They'll use our country as a remittance destination, as always.

 

[saif]

They will bring in 90% Indian employees to have them work on any investments.

You are right bhai. We should instead impose some non-tariff barriers on Indian products to reduce Indian exports to Bangladesh. Hope you agree with me on this.

 

[VkdIndian]

Parity in trade must be established.

Correct.

Produce, whatever India imports from other countries and I am sure that India wouldn’t mind importing those items from BD. It would work out cheaper for India due to lower transportation const.
In a similar way, BD is importing from India not to support India but due to the fact that, these products must be available at competitive prices.

India has trade deficit with many countries including China. It is purely market driven matrix while people keep trying to drive it from nationalistic driven factors.

 

[Bilal9]

Correct.

Produce, whatever India imports from other countries and I am sure that India wouldn’t mind importing those items from BD. It would work out cheaper for India due to lower transportation const.
In a similar way, BD is importing from India not to support India but due to the fact that, these products must be available at competitive prices.

India has trade deficit with many countries including China. It is purely market driven matrix while people keep trying to drive it from nationalistic driven factors.

You are stating an ideal scenario. In theory things should work like this. However Indian customs people are paid off by local Indian producers of these items and customs people in India 'invent' things like non-tariff barriers on the flimsy pretext of 'dumping'.

Indian customs alleges that Bangladeshi producers are using Chinese-made goods and re-labeling them as "Made in Bangladesh".

There are bigger fish at play here.
-------------------------------------------------------------------------------------------------------------------------------

Dhaka objects to Delhi's fresh non-tariff barriers​

SYFUL ISLAM
Published :
Feb 20, 2021 12:26 AM
Updated :
Mar 12, 2021 12:28 PM

Bangladesh has raised an objection to India's request for increased verification of country-of-origin (CoO) certificates and attachment of a questionnaire to those since those will be in violation of the SAFTA rules.

Dhaka termed the Delhi's measures a new type of non-tariff barrier which would hamper Bangladesh's export to India.

During a two-day bilateral trade consultation, Bangladesh sought third-party opinion as the two countries failed to address the anti-dumping duty issue for over three and a half years.

A meeting of the Bangladesh-India Joint Working Group on Trade was hosted virtually on February 16-17 where Dhaka sought remedies to these issues, officials said.

Delhi, however, did not give any clear response to these matters.

Commerce ministry additional secretary Shahidul Islam led the Bangladesh side while commerce department joint secretary Amitabh Kumar the Indian side in the meeting.

"We've told them that we can't go beyond SAFTA rules. We can't give you documents whatever you ask under any other laws," said Mr Islam on Friday.

On anti-dumping duty on jute, he said, Bangladesh requested a result soon and proposed that opinion could be sought from a third party, if needed, having expertise in WTO issues.

"We want a solution through discussion instead of going to the World Trade Organisation for dispute resolution," he told the FE.
Mr Islam said Delhi did not respond immediately to these matters but it would send a written reply soon.

Officials said Delhi enacted the new Customs Rules-2020 last September, aiming to administer the rules of origin under all trade agreements signed by India.

The rules have made it tough for countries having preferential deals to get tariff preference in India.

The new policy is conflicting with the rules of origin of regional pacts like South Asian Free Trade Area (SAFTA), Asia-Pacific Trade Agreement and also the duty-free quota-free scheme of the WTO.

Bangladesh usually enjoys tariff preference in the Indian market under these three pacts.

As the new rules have become effective, Delhi started creating multiple barriers to discourage traders to seek tariff preference.

India has recently raised the number of requests, seeking verification of CoO certificates.

At the same time, it also asked for increased numbers of documents in the name of checking the certificates.

A senior official, who attended the meeting, told the FE that Dhaka apprised the India side of the increased numbers of verification requests.

"You can definitely send verification requests when necessary. But at the same time, you should keep in mind the number of such requests is being sent," a Bangladesh official was quoted as saying in the meeting.

In some cases, according to him, Delhi sends a questioner with verification requests which, according to the SAFTA rules of origin, is not acceptable.

Sources said Dhaka also asked Delhi to mention the concrete reasons behind its CoO verification requests.

In January 2017, India slapped anti-dumping duty on Bangladesh's jute yarn, hessian and bags, ranging between $19 and $352 per tonne, citing the dumping issue.

The giant neighbor did not lift the duty despite repeated requests and consultations.

Fresh tariff barrier to Bangladesh exports to India​

​

FE ONLINE DESK
Published :
May 16, 2020 02:02 PM
Updated :
May 20, 2020 02:43 PM
Share this news

As the authorities here have been dragging their feet on the issue of anti-dumping duty (ADD) imposed on Bangladesh jute goods by India, the latter, reportedly, is on the move to create yet another barrier to the entry of the same items to its market. The Indian government, according to media reports, is now planning to levy countervailing duty on certain categories of Bangladesh jute products. The imposition of the duties runs counter to the trade concessions that New Delhi has offered to Bangladesh under a regional trade deal, styled, the South Asia Free Trade Area (SAFTA) agreement.

India had long ago slapped ADD on lead-acid battery imports from Bangladesh. Hydrogen peroxide, jute goods and fishing nets are the items that later faced the same barrier. However, the imposition of ADD on jute goods is hurting the Bangladesh's interest most---its export earnings from the same dropped by more than 20 per cent in 2018-19. The Bangladesh government, since the levying of ADD on jute goods, has requested its Indian counterpart to reconsider the issue, but to no avail. Most Bangladeshi jute goods exporters who had approached the relevant Indian authorities for a review of the ADD imposition got no relief.

The Indian government is also under pressure from the domestic textile lobby to restrict growing import of Bangladesh apparels under some pretexts. The relevant authorities there might reportedly go for a review under the 'Rules of Origin' of the SAFTA deal. Overall, the opening of the Indian market for entry of all Bangladesh goods barring 25 in 2011 opened up an opportunity to reduce an ever-widening trade imbalance with the giant neighbour.

The bilateral trade gap, in fact, narrowed, to some extent in recent years. In such a situation, the renewed move to put up fresh tariff and non-tariff barriers to the access of Bangladesh goods to Indian market has triggered frustration among businesses here. Many might find the approach on the part of India a bit harsh and not in line with the much-touted claim that the good neighborly relations between the two countries are now at its peak.

However, the Indian government, for understandable reasons, has to listen to the grievances of the domestic producers first and do the needful to address those. But while doing so, the relevant policymakers of that country cannot be oblivious of the interests of a close neighbor that has been a victim of significant and ever-widening trade deficit for decades.

Any importing country cannot impose punitive duties on the product/s of another country whimsically. The same can only be slapped if a foreign company exports goods at prices lower than that it charges in its own home market. Prior to putting up any restrictive duty the importing country has to meet certain conditions, including consultations and investigations. Bangladesh policymakers should make forceful efforts to dissuade India from levying punitive duties on its exports. In the event of failure to do so, they should take the issues to the WTO and seek justice.

 

[saif]

You are stating an ideal scenario. In theory things should work like this. However Indian customs people are paid off by local Indian producers of these items and customs people in India 'invent' things like non-tariff barriers on the flimsy pretext of 'dumping'.

Indian customs alleges that Bangladeshi producers are using Chinese-made goods and re-labeling them as "Made in Bangladesh".

There are bigger fish at play here.
-------------------------------------------------------------------------------------------------------------------------------

Dhaka objects to Delhi's fresh non-tariff barriers​

SYFUL ISLAM
Published :
Feb 20, 2021 12:26 AM
Updated :
Mar 12, 2021 12:28 PM

Bangladesh has raised an objection to India's request for increased verification of country-of-origin (CoO) certificates and attachment of a questionnaire to those since those will be in violation of the SAFTA rules.

Dhaka termed the Delhi's measures a new type of non-tariff barrier which would hamper Bangladesh's export to India.

During a two-day bilateral trade consultation, Bangladesh sought third-party opinion as the two countries failed to address the anti-dumping duty issue for over three and a half years.

A meeting of the Bangladesh-India Joint Working Group on Trade was hosted virtually on February 16-17 where Dhaka sought remedies to these issues, officials said.

Delhi, however, did not give any clear response to these matters.

Commerce ministry additional secretary Shahidul Islam led the Bangladesh side while commerce department joint secretary Amitabh Kumar the Indian side in the meeting.

"We've told them that we can't go beyond SAFTA rules. We can't give you documents whatever you ask under any other laws," said Mr Islam on Friday.

On anti-dumping duty on jute, he said, Bangladesh requested a result soon and proposed that opinion could be sought from a third party, if needed, having expertise in WTO issues.

"We want a solution through discussion instead of going to the World Trade Organisation for dispute resolution," he told the FE.
Mr Islam said Delhi did not respond immediately to these matters but it would send a written reply soon.

Officials said Delhi enacted the new Customs Rules-2020 last September, aiming to administer the rules of origin under all trade agreements signed by India.

The rules have made it tough for countries having preferential deals to get tariff preference in India.

The new policy is conflicting with the rules of origin of regional pacts like South Asian Free Trade Area (SAFTA), Asia-Pacific Trade Agreement and also the duty-free quota-free scheme of the WTO.

Bangladesh usually enjoys tariff preference in the Indian market under these three pacts.

As the new rules have become effective, Delhi started creating multiple barriers to discourage traders to seek tariff preference.

India has recently raised the number of requests, seeking verification of CoO certificates.

At the same time, it also asked for increased numbers of documents in the name of checking the certificates.

A senior official, who attended the meeting, told the FE that Dhaka apprised the India side of the increased numbers of verification requests.

"You can definitely send verification requests when necessary. But at the same time, you should keep in mind the number of such requests is being sent," a Bangladesh official was quoted as saying in the meeting.

In some cases, according to him, Delhi sends a questioner with verification requests which, according to the SAFTA rules of origin, is not acceptable.

Sources said Dhaka also asked Delhi to mention the concrete reasons behind its CoO verification requests.

In January 2017, India slapped anti-dumping duty on Bangladesh's jute yarn, hessian and bags, ranging between $19 and $352 per tonne, citing the dumping issue.

The giant neighbor did not lift the duty despite repeated requests and consultations.

Fresh tariff barrier to Bangladesh exports to India​

​

FE ONLINE DESK
Published :
May 16, 2020 02:02 PM
Updated :
May 20, 2020 02:43 PM
Share this news

As the authorities here have been dragging their feet on the issue of anti-dumping duty (ADD) imposed on Bangladesh jute goods by India, the latter, reportedly, is on the move to create yet another barrier to the entry of the same items to its market. The Indian government, according to media reports, is now planning to levy countervailing duty on certain categories of Bangladesh jute products. The imposition of the duties runs counter to the trade concessions that New Delhi has offered to Bangladesh under a regional trade deal, styled, the South Asia Free Trade Area (SAFTA) agreement.

India had long ago slapped ADD on lead-acid battery imports from Bangladesh. Hydrogen peroxide, jute goods and fishing nets are the items that later faced the same barrier. However, the imposition of ADD on jute goods is hurting the Bangladesh's interest most---its export earnings from the same dropped by more than 20 per cent in 2018-19. The Bangladesh government, since the levying of ADD on jute goods, has requested its Indian counterpart to reconsider the issue, but to no avail. Most Bangladeshi jute goods exporters who had approached the relevant Indian authorities for a review of the ADD imposition got no relief.

The Indian government is also under pressure from the domestic textile lobby to restrict growing import of Bangladesh apparels under some pretexts. The relevant authorities there might reportedly go for a review under the 'Rules of Origin' of the SAFTA deal. Overall, the opening of the Indian market for entry of all Bangladesh goods barring 25 in 2011 opened up an opportunity to reduce an ever-widening trade imbalance with the giant neighbour.

The bilateral trade gap, in fact, narrowed, to some extent in recent years. In such a situation, the renewed move to put up fresh tariff and non-tariff barriers to the access of Bangladesh goods to Indian market has triggered frustration among businesses here. Many might find the approach on the part of India a bit harsh and not in line with the much-touted claim that the good neighborly relations between the two countries are now at its peak.

However, the Indian government, for understandable reasons, has to listen to the grievances of the domestic producers first and do the needful to address those. But while doing so, the relevant policymakers of that country cannot be oblivious of the interests of a close neighbor that has been a victim of significant and ever-widening trade deficit for decades.

Any importing country cannot impose punitive duties on the product/s of another country whimsically. The same can only be slapped if a foreign company exports goods at prices lower than that it charges in its own home market. Prior to putting up any restrictive duty the importing country has to meet certain conditions, including consultations and investigations. Bangladesh policymakers should make forceful efforts to dissuade India from levying punitive duties on its exports. In the event of failure to do so, they should take the issues to the WTO and seek justice.

India does not believe in fair play. Since they cannot cope with the nations of their own size in the international market, they always create trade imbalance with smaller nations to benefit their domestic industry. Free market economy and trade barriers don't go hand in hand.

 

[@blue Ocean]

If they cannot ensure parity in trade they should invest more in Bangladesh to offset the negative impact of current trade imbalance.

If you are the delegation Chief to India and they ask you what BD may add to its export items,

I wonder what will be your list of additional items that BD can export to India. If Indians want 200,000 ton of Hilsha, will you accept it?

Trade is something to satisfy the demand in the other countries. Now if India asks Hilsha will you readily accept?

 

[IndianLite]

If you are the delegation Chief to India and they ask you what BD may add to its export items,

I wonder what will be your list of additional items that BD can export to India. If Indians want 200,000 ton of Hilsha, will you accept it?

Trade is something to satisfy the demand in the other countries. Now if India asks Hilsha will you readily accept?

Bangladesh has duty free privileges on 99% of stuff to China. And nearly 80% of stuff to EU.

But can barely take advantage of even 5% of items.

But whine about getting blocked from exporting to India.

India phobia just invalidates all legitimate issues like water and Hinduvta menace.

Madrasa education means garments is the only route.

Get rid of the Madrasas and start learning from the infidels!!

 

[@blue Ocean]

@saif is a big idiotic Mullah, knows nothing but crying in every thread. He did not answer my core question why BD can feed 180 million people after Farakka was built.

He asks me to be an infidel if I do not understand his feeling. How funny!!!

 

[Bilal9]

Fake Bangladeshi fifth columnists and flag-fakers as usual singing Indian praises here just like the bhakts they are.

If they had a stake in our people and their livelihoods (which they clearly do not) they'd sing a different tune.

Blaming "Madrasa education" when our level of literacy for 15-24 year olds (gender parity) which actually matters, is clearly equal or better than that of India. So much for "chimp IQ Lungis" and "Madrasa Chap" when Indians are as uneducated as they come.

World Bank Open Data

Free and open access to global development data

data.worldbank.org

Clear as day who the fake Bangladeshis are.

Pooh-pooh-ing our apparel industry - where India is (again) a miserable failure.

Don't you think these bhakts would love to boast about it if they had the chance, maybe a $100 Billion in exports?

They can't - because they failed. One more excuse to keep the working classes downtrodden in India.

Acting as if they are some first world country - trying to make semi-conductors. Just hilarious.

 

[saif]

পাছার মধ্যে পাইলস নিয়ে আমাকে মোল্লা ডাকা হচ্ছে। কিভাবে যে সয়ে যাচ্ছি তা শুধু আল্লাহ মালুম।

 

[@blue Ocean]

I am not talking about flood water. I am talking about water in the lean period. Bangladesh never gets enough water from India in the dry season. Why do we have to preserve water? If India does not disrupt natural flow of the rivers nobody needs to preserve water.

Why do you allow water to the BoB instead of preserving it. BD is already feeding 180 million mouths.

Now, preserve from the water coming down the Farakka and produce more food. But do not forget to preach people to take four wives each.

Population will rise to 400 million in a decade andMullahs like you will come out in scores and cry that India is depriving our Mullah people of their precious water.

পাছার মধ্যে পাইলস নিয়ে আমাকে মোল্লা ডাকা হচ্ছে। কিভাবে যে সয়ে যাচ্ছি তা শুধু আল্লাহ মালুম।

You are a 1500 year old unintelligent Mullah. Why complain when what you write shows it. Always crying against India.

Do something good for your own country, Produce at least irrigation pump machines. Why a Mulla nation cannot produce them and import fro India!

 

[@blue Ocean]

পাছার মধ্যে পাইলস নিয়ে আমাকে মোল্লা ডাকা হচ্ছে। কিভাবে যে সয়ে যাচ্ছি তা শুধু আল্লাহ মালুম।

You are a 1500 year old unintelligent Mullah. Why complain? Always crying against India.

Do something good for your own country, Produce at least irrigation pump machines. Why a Mulla nation cannot produce them and import from India!

 

[StraightEdge]

Can't Indian writers find a better word - this 'game changer' word is so cringe. Looks like everything is 'game changer' now-a-days.