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Guidelines issued for RMG exports to India
Garment items -- made of imported or local fabrics -- will qualify for duty-free market access to India, a government official said yesterday.
There is one condition: exporters must add at least 30 percent value to the manufacture of the apparel item inside the country to get duty benefits, the official said, asking not to be named.
Garment exporters will get duty benefits on the exports of 46 items to India: 24 are knitwear products, 21 woven garment items and one silk fabric item. Shirts, trousers, blouses, children's clothes, nightwear, T-shirts and jeans are on the list.
The commerce ministry issued a set of guidelines yesterday on the duty-free exports of garments to India, the official said.
The ministry prepared the guidelines in line with a circular by the Indian government, which was issued on September 6.
The new circular by the Indian government replaces the one issued in 2008 when India gave a duty waiver on the exports of 259 products from Bangladesh. Of the total 259 products, 27 were garment items.
The rules of origin of exportable garment products will be determined by the South Asia Free Trade Area (Safta) rules.
Bangladesh expects the value of garment exports to India to reach $100 million in two years thanks to duty benefits, the official added.
Bangladesh has been lobbying with the Indian government for the last two years to get the waiver on 61 products.
Indian Prime Minister Manmohan Singh announced the duty-waiver for 46 garment items during his visit to Dhaka on September 6-7.
In fiscal 2010-11, Bangladesh exported goods worth $512 million to India, up 68 percent from $304 million in 2009-10, according to data from Export Promotion Bureau. Of the total amount, woven and knit garment items accounted for $80 million.
The export of knitwear to India was worth $2.54 million and woven garments worth $9.99 million in 2009-10, while the amounts were $1.7 million and $10.25 million in 2008-09, EPB data showed.
Bangladesh has been enjoying a duty-free access for 10 million pieces of garment to India under the Safta agreement
Guidelines issued for RMG exports to India
Garment items -- made of imported or local fabrics -- will qualify for duty-free market access to India, a government official said yesterday.
There is one condition: exporters must add at least 30 percent value to the manufacture of the apparel item inside the country to get duty benefits, the official said, asking not to be named.
Garment exporters will get duty benefits on the exports of 46 items to India: 24 are knitwear products, 21 woven garment items and one silk fabric item. Shirts, trousers, blouses, children's clothes, nightwear, T-shirts and jeans are on the list.
The commerce ministry issued a set of guidelines yesterday on the duty-free exports of garments to India, the official said.
The ministry prepared the guidelines in line with a circular by the Indian government, which was issued on September 6.
The new circular by the Indian government replaces the one issued in 2008 when India gave a duty waiver on the exports of 259 products from Bangladesh. Of the total 259 products, 27 were garment items.
The rules of origin of exportable garment products will be determined by the South Asia Free Trade Area (Safta) rules.
Bangladesh expects the value of garment exports to India to reach $100 million in two years thanks to duty benefits, the official added.
Bangladesh has been lobbying with the Indian government for the last two years to get the waiver on 61 products.
Indian Prime Minister Manmohan Singh announced the duty-waiver for 46 garment items during his visit to Dhaka on September 6-7.
In fiscal 2010-11, Bangladesh exported goods worth $512 million to India, up 68 percent from $304 million in 2009-10, according to data from Export Promotion Bureau. Of the total amount, woven and knit garment items accounted for $80 million.
The export of knitwear to India was worth $2.54 million and woven garments worth $9.99 million in 2009-10, while the amounts were $1.7 million and $10.25 million in 2008-09, EPB data showed.
Bangladesh has been enjoying a duty-free access for 10 million pieces of garment to India under the Safta agreement
Guidelines issued for RMG exports to India
