Exports to India hit 4yr low, China boom

[idune]

Because Fm increased Tariff duties,
Import duty on cars jumped from 80% to 160% for CBU cars, and CKD cars also, which forces luxuries car maker to setup plants and increase localization of components

there are plenty such jumps, look at 2011-12, 2012-13 , 2013-14 financial budgets and import duty jumps
Its good that India's imports less, saves us dollar reserves, in the same time we should focus on local production



Look at anti-dumping duty these country enforce when your product reaches their ports.
All countries do it for their economic interest. I am happy India enforces such duties


Because india tries to protect its domestic industries, esp textile, currently our textile is in a turn around stage where the production houses are planning upgrades and cotton farming needs a relook
Important stage to harness their growth


simple increase local manufacturing, 600 million Indians need to be uplifted sir, we need more and more local manufacturing that aim at export or local consumption

Every un-required import kills jobs

Another load of same indian crap by another indian; all these crap had been answered go back one page and find the answer. imposing para tariff barrier beyond agreed tariff structure, use non payment as a deterrence tool to prevent export from smaller countries may be standard indian practice. Heck india does not even allow Bangladeshi bank to open branch to facilitate export import. If india does the same with US or even China they slap the same on india so hard that indian govt head spin even faster. India can getaway with such abuse and disregard agreement only because of smaller neighbor.

 

[Mr.S.Singh]

Another load of same indian crap by another indian; all these crap had been answered go back one page and find the answer. imposing para tariff barrier beyond agreed tariff structure, use non payment as a deterrence tool to prevent export from smaller countries may be standard indian practice. Heck india does not even allow Bangladeshi bank to open branch to facilitate export import. If india does the same with US or even China they slap the same on india so hard that indian govt head spin even faster. India can getaway with such abuse and disregard agreement only because of smaller neighbor.

oh you are full of crap aren't you
Firstly trade with LC if you are concerned about payment. No one in the world will help you if you trade without a Bank Guarantee
Secondly tariif and non-tariff barriers are created for local industry idiot ! i myself am saying that !!
India does the same with US and China too, both complain about India Non tariff barriers, hell they do the same with US. All Indian exporters face anti-dumping duties !!
Go and cry a river now

It's not about tariff duties, according to the exporters the main concern is the non tariff barriers that prevents the Bangladeshi export to India to increase. However, those barriers are non-existent when Indian products are exported to Bangladesh.

agreed, read this article
Break down the barriers to trade in South Asia | East Asia Forum
says alot about non-tariff barriers and why they are imposed

Why India gets away from Non-tariff barriers are because exports such as cars, heavy machinery , petrol-chemical products and power which do not have a substitute in Bangladesh

The similar case is when india sells pharmaceutical products/ steel to EU, we face non-tariff barriers and dumping duty
It is a part of economic phase each country will go through

PS: i speak as an economist, no nationalism involved,

 

[idune]

Firstly trade with LC if you are concerned about payment. No one in the world will help you if you trade without a Bank Guarantee

Those export Bangladeshi companies done were under LC, are you that blind.

Secondly tariif and non-tariff barriers are created for local industry idiot ! i myself am saying that !!

Hey grand idiot and liar, when india sign trade agreement india need to abide by that agreement. India go back and use para tariff violating terms of agreement. What kind of economist are you, grocery economist that a simple fact of trade can not fathom. Sheesh, no wonder india is so backward.

 

[SrNair]

Those export Bangladeshis companies done were under LC, are you that blind.


Hey grand idiot and liar, when india sign trade agreement india need to abide by that agreement. India go back and use para tariff violating terms of agreement. What kind of economist are you, grocery economist that a simple fact of trade can fathom. Sheesh, no wonder india is backward.

And BD is too much forward.If our govt did something it is only for our peoples.
Comparing BD with US and China is indeed BS.
Our recent case with US is due to the Solar panel development subsidies.They are too much pissed of and we dont care.
We only interested about our nation and its well being.
And reducing import from BD is good for our low skilled local industry.
There is no such high tech equipments is coming from BD.

 

[Mr.S.Singh]

Those export Bangladeshi companies done were under LC, are you that blind.

sir, we have debated about this, you have failed to provide details about LC or clauses or LC for payments

Hey grand idiot and liar

lol grand idiot, thats a new one .. hold on lemme contact oxford dictionary

, when india sign trade agreement india need to abide by that agreement. India go back and use para tariff violating terms of agreement. What kind of economist are you, grocery economist that a simple fact of trade can not fathom. Sheesh, no wonder india is so backward.

India has signed FTA agreement with EU and USA too and we get the same treatment !! We also face Non-tariff barriers

 

[TopCat]

India has signed FTA agreement with EU and USA too and we get the same treatment !! We also face Non-tariff barriers

YOu have 2 trillion dollar economy and we only export few millions. Dont you think its little too much for us or its just hate barrier?

 

[Contrarian]

YOu have 2 trillion dollar economy and we only export few millions. Dont you think its little too much for us or its just hate barrier?

We use NTB's against every country. Its not Bangladesh specific. Its just hard nosed economics.

YOu have 2 trillion dollar economy and we only export few millions. Dont you think its little too much for us or its just hate barrier?

We use NTB's against every country. Its not Bangladesh specific. Its just hard nosed economics.

 

[extra terrestrial]

agreed, read this article
Break down the barriers to trade in South Asia | East Asia Forum
says alot about non-tariff barriers and why they are imposed

I failed to find anything about non-tariff barriers in Bangladesh in the article. Non-tariff barriers are simply non-existent here, they were removed due to the pressure from IMF some years back. The point is Bangladeshi market is more liberal and trade friendly than the Indian one which is helping to boost the trade deficit on India's favor.

Why India gets away from Non-tariff barriers are because exports such as cars, heavy machinery , petrol-chemical products and power which do not have a substitute in Bangladesh

I don't think these are the main Indian export items to Bangladesh, agro products, cotton, textiles occupy the bulk of Indian export to Bangladesh.

The similar case is when india sells pharmaceutical products/ steel to EU, we face non-tariff barriers and dumping duty
It is a part of economic phase each country will go through

Can you explain the part on non tariff barriers in EU? providing some links would be appreciated.

 

[Mr.S.Singh]

YOu have 2 trillion dollar economy and we only export few millions. Dont you think its little too much for us or its just hate barrier?

manufacturing cost in bangladesh is low, Indian cotton yield has taken a plunge and cotton farmers are committing suicide, rise in inputs have made bangadeshi clothes attractive
These are the factors
nothing about hate, our textile industry esp in cotton and jute needs reviving hence there is non-tariffs at certain point. When they get back on track india will abolish them also.

 

[idune]

We use NTB's against every country. Its not Bangladesh specific. Its just hard nosed economics.


We use NTB's against every country. Its not Bangladesh specific. Its just hard nosed economics.

That is neither a logic nor a civilized trade practice. This is sheer indian chest thumping and admission of trade deception that questions the core of indian credibility. Thanks for coming around admitting india not to be trusted with trade and agreement.

 

[Mr.S.Singh]

I failed to find anything about non-tariff barriers in Bangladesh in the article.

From the article

Inadequate infrastructure is one of the major NTBs, especially in developing countries and least-developed countries, and this rings true for SAARC. Different kinds of NTBs exist between SAARC member states at all levels. For instance, if the existing border infrastructure between Bangladesh and India’s Northeast is upgraded, trade volume can potentially go up by five to six times the current level. Short-term measures like setting up markets (border haats) along the Indo-Bangladesh border as planned will boost trade, though only to a certain extent and at the local level.
Agriculture, as everywhere else, is a sticking point in SAARC too. Ad-hoc export prohibitions on agricultural goods are put in place from time to time on top of export subsidies. For instance, Bangladesh maintained a ban on the export of aromatic rice until recently. But agricultural NTBs are difficult to remove in South Asia as the need to protect the vast proportion of the population dependent on agriculture is a political imperative.

NTBs can affect a range of other sectors. For instance, pharmaceutical trade between India and Bangladesh is hampered as India has strict registration and packaging requirements, customs clearances, and so on. Likewise, Sri Lankan processed food exporters to India face non-tariff barriers under the Indo-Sri Lanka FTA because of customs delays arising from testing and certifications.

Unnecessary barriers should be done away with in order not to deter trade and to boost volumes. Mundane procedural issues like code mismatches for items on the positive list between India and Pakistan is one example of avoidable barriers to trade. Harmonising customs norms and standards is part of the solution. Easing transportation difficulties, especially for trade between India and Bangladesh and between India and Pakistan, is important too. Pakistan has a formal list of goods that cannot be traded through a particular route (land or rail) for reasons that are unknown to those engaged in trade.

Improving warehousing facilities along borders among other things were agreed upon by SAARC countries recently but this needs speedy implementation. Setting up special laboratories to carry out prompt quality checks at borders can also be of help, as it is often reported that goods are held up at borders for lab reports that take days, sometimes weeks, to arrive. The way forward for SAARC with respect to NTBs should also include things like memoranda of understanding between custom authorities, and providing seamless transit facilities.

And finally the information barrier should be dealt with. Information about standards, procedural requirements, and so on, must be disseminated to stakeholders. Surveys have found that traders are unaware of important procedural regulations.

The extent to which NTBs can affect free trade can be gauged from the fact that despite India assigning Pakistan most-favoured nation status, Pakistan’s exports to India remain dismally low. Of course both countries maintain considerable tariffs — another reason why trade isn’t picking up.

Enabling greater free trade and removing NTBs should be undertaken with the goal of not just regional integration and growth but also development of communities, employment and poverty alleviation across South Asia.

Non-tariff barriers are simply non-existent here, they were removed due to the pressure from IMF some years back. The point is Bangladeshi market is more liberal and trade friendly than the Indian one which is helping to boost the trade deficit on India's favor.

Its not only india where you face Non-tariff barriers
http://artnet.unescap.org/pub/wp1206.pdf from page 56 onwards, you face more non-tariffs in EU and US than in India, if you face them, then think how much non-traiffs India faces

I don't think these are the main Indian export items to Bangladesh, agro products, cotton, textiles occupy the bulk of Indian export to Bangladesh.

petrochemical products, heavy machinery, automobile, transportation equipment, medical equipment, pharmaceuticals

Can you explain the part on non tariff barriers in EU? providing some links would be appreciated.

US imposes antidumping and countervailing duties on Indian threaded rod
US anti-dumping duty hits Indian oil drilling pipe makers; shrs down - Free Press Journal
US imposes anti-dumping duty on Taiwan steel pipe exporters｜Economy｜News｜WantChinaTimes.com << this includes India also

Armed with data, India to fight US’ non-tariff barriers at meet - Economic Times
Non Trade Barriers Faced, By Indian SME’s In International Exports | BhaveshKothari's Blog
Review of Trade Policies of India's Major Trading Partners | Reji K Joseph - Academia.edu

Many more examples, just google anti dumping duty on Indian goods

That is neither a logic nor a civilized trade practice. This is sheer indian chest thumping and admission of trade deception that questions the core of indian credibility. Thanks for coming around admitting india not to be trusted with trade and agreement.

sir the thing you called chest thumping is done on Indian exports to, you just can't remain in your shell and expect the world to act kind. Wake up sweetheart, this is how world trades
Indian steel exporters are sometimes charged 170% anti-dumping duty in the US!
Welcome to the world of Foreign trade btw ! This is how civilized trade takes place around the world

Check out the link above on Non-tariff duty on Bangladeshi goods in EU, Japan and USA. SO according to your argument they are non-trust worthy too ?? who will you trade with then ?? mars ?

 

[extra terrestrial]

Inadequate infrastructure is one of the major NTBs, especially in developing countries and least-developed countries, and this rings true for SAARC. Different kinds of NTBs exist between SAARC member states at all levels. For instance, if the existing border infrastructure between Bangladesh and India’s Northeast is upgraded, trade volume can potentially go up by five to six times the current level. Short-term measures like setting up markets (border haats) along the Indo-Bangladesh border as planned will boost trade, though only to a certain extent and at the local level.
Agriculture, as everywhere else, is a sticking point in SAARC too. Ad-hoc export prohibitions on agricultural goods are put in place from time to time on top of export subsidies. For instance, Bangladesh maintained a ban on the export of aromatic rice until recently. But agricultural NTBs are difficult to remove in South Asia as the need to protect the vast proportion of the population dependent on agriculture is a political imperative.
NTBs can affect a range of other sectors. For instance, pharmaceutical trade between India and Bangladesh is hampered as India has strict registration and packaging requirements, customs clearances, and so on. Likewise, Sri Lankan processed food exporters to India face non-tariff barriers under the Indo-Sri Lanka FTA because of customs delays arising from testing and certifications.
Unnecessary barriers should be done away with in order not to deter trade and to boost volumes. Mundane procedural issues like code mismatches for items on the positive list between India and Pakistan is one example of avoidable barriers to trade. Harmonising customs norms and standards is part of the solution. Easing transportation difficulties, especially for trade between India and Bangladesh and between India and Pakistan, is important too. Pakistan has a formal list of goods that cannot be traded through a particular route (land or rail) for reasons that are unknown to those engaged in trade.
Improving warehousing facilities along borders among other things were agreed upon by SAARC countries recently but this needs speedy implementation. Setting up special laboratories to carry out prompt quality checks at borders can also be of help, as it is often reported that goods are held up at borders for lab reports that take days, sometimes weeks, to arrive. The way forward for SAARC with respect to NTBs should also include things like memoranda of understanding between custom authorities, and providing seamless transit facilities.
And finally the information barrier should be dealt with. Information about standards, procedural requirements, and so on, must be disseminated to stakeholders. Surveys have found that traders are unaware of important procedural regulations.
The extent to which NTBs can affect free trade can be gauged from the fact that despite India assigning Pakistan most-favoured nation status, Pakistan’s exports to India remain dismally low. Of course both countries maintain considerable tariffs — another reason why trade isn’t picking up.
Enabling greater free trade and removing NTBs should be undertaken with the goal of not just regional integration and growth but also development of communities, employment and poverty alleviation across South Asia.

Nope, explains nothing about the non-tariff barriers that Indian export faces in Bangladesh as you are claiming.

Its not only india where you face Non-tariff barriers
http://artnet.unescap.org/pub/wp1206.pdf from page 56 onwards, you face more non-tariffs in EU and US than in India, if you face them, then think how much non-traiffs India faces

That's surprising! We didn't get to see our businessmen complaining about the non-tariff barriers in EU and our export to EU is ever rising, we have trade surplus with almost all the EU nations. That means the the non-tariff barriers are not that severe. Also as an LDC we are only exempted from the tariffs only, therefore we are facing the same non-tariff barriers as India faces.

petrochemical products, heavy machinery, automobile, transportation equipment, medical equipment, pharmaceuticals

India do export such products to Bangladesh but their share to the total Indian export to Bangladesh is negligible, India is also not the major supplier of such products. The major Indian export items to Bangladesh are the ones which I mentioned earlier.

 

[Mr.S.Singh]

Nope, explains nothing about the non-tariff barriers that Indian export faces in Bangladesh as you are claiming.

Yes' i agree India has a problem with NTB's, our Textile industry is doing bad and needs protection

here are some of the reasons

Textile worry


Policymakers feel there is a pressing need to provide relief to the textile industry, which has a significant presence in finance minister P. Chidambaram’s home state Tamil Nadu.


The global economic recession has shrunk the demand for textiles. While low-cost competitors such as Bangladesh and Vietnam are ahead of India, around 383 textile mills here have shut shop with more than half of them in Tamil Nadu.


Further, in December last year, the European Union said it would allow Pakistan to export textile at zero duty, a privilege also enjoyed by Bangladesh. This means Indian textile will face over 9 per cent tax in Europe compared with Pakistan’s zero duty.


The textile ministry is believed to have sought a 5-per-cent duty drawback on exports to partially offset the duty advantage enjoyed by the two neighbours.
Duty cut tug-of-war in parleys

Boosting pry textiles production capacity to help RMG exporters cope with emerging challenges | TRADE & MARKET | Financial Express :: Financial Newspaper of Bangladesh

EU already provides duty free imports of Pakistani and Bangladeshi textile, which has put immense pressure on Indian textile which has slowed down growth, hence India imposes NBT's

That's surprising! We didn't get to see our businessmen complaining about the non-tariff barriers in EU and our export to EU is ever rising, we have trade surplus with almost all the EU nations. That means the the non-tariff barriers are not that severe. Also as an LDC we are only exempted from the tariffs only, therefore we are facing the same non-tariff barriers as India faces.

As the link given above, Bangladesh is exempted from import duties on certain products where Indian exporters still have to pay

 

[Contrarian]

That is neither a logic nor a civilized trade practice. This is sheer indian chest thumping and admission of trade deception that questions the core of indian credibility. Thanks for coming around admitting india not to be trusted with trade and agreement.

That is how the world works razakar.
US loses multi-billion dollar court cases against China and India
Every country including US, China does it. Go and ask your masters in Pakistan if you dont understand economics.

 

[idune]

US loses multi-billion dollar court cases against China and India
Every country including US, China does it. Go and ask your masters in Pakistan if you dont understand economics.

That is neither a logic nor a civilized trade practice. This is sheer indian chest thumping and admission of trade deception that questions the core of indian credibility. US example is irrelevant as it is about dumping, whereas we are talking about non tariff barrier and non payment india use as tool to prevent export from smaller countries. Thanks for coming around admitting india not to be trusted with trade and agreement.