India’s cotton export ban violates global trade norms: Bangladesh

[CaPtAiN_pLaNeT]

India’s cotton export ban violates global trade norms: Bangladesh

India’s cotton export ban violates global trade norms: Bangladesh | Firstpost

Mar 9, 2012

#Bangladesh #Cellulose #Commerce Secretary #Cotton #Joint Trade Commission #PolicyWatch
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The Bangladesh commerce ministry has said India’s ban on cotton export was against global trade norms, and repeatedly stopping the shipments of the natural fibre by the country impacted Bangladesh’s textiles industry.

“India imposed ban on export of main raw material leaving aside trade rules and regulations. We think it (ban) is against the norms of international trade,” Commerce Secretary M Ghulam Hossain said at a press conference yesterday.

AFP

He said the ministry condemned India’s “unexpected move” and has written to the Indian government for its withdrawal. “If not, Indian government has been urged to take steps to release all agreements related to cotton to ensure unloading of inputs from ports smoothly,” he added.

The Indian government on Monday banned exports of cotton to increase supply of the natural fibre in the domestic market amid fears of a low yield this year due to unfavourable weather conditions.

Referring to the world market cotton price, Hossain said production of the textile input was good and price was low. Hossain said he hopes that India’s ban on cotton export would not hurt local textiles industry as the ministry was keeping vigil on artificial enhancement of the cotton price.

“We are (also) looking for alternative sources of import of cotton such as Uzbekistan, Australia and the United States,” he said, adding that a high-powered delegation led by Commerce Minister Faruq Khan would visit Uzbekistan next month for possibility of importing cotton.

Besides, the ministry would also contact the US cotton council to meet the cotton demand in Bangladesh. India’s ban on cotton import would be discussed in the upcoming Joint Trade Commission (JTC) meeting to be held on March 28-29 in New Delhi.

 

[TopCat]

What NORM??? Its INDIAAAA...

 

[mrwarrior006]

wasnt some one saying boycott indian products sometimes ago


http://www.defence.pk/forums/bangla...ing-bangladeshis-boycott-indian-products.html

http://www.defence.pk/forums/bangla...ent-called-march-1-2012-all-bangladeshis.html

 

[Major Shaitan Singh]

I thought you were only dependent of water !!

Now Cotton also what else can someone please high light.... then how dare you go Anti India.

 

[ebr77]

Out govt is already looking for alternate source to import agricultural products like rice, onion,etc that used get imported heavily from India, i think it's high time we get an alternative to Indian market- just in case.

 

[ebr77]

I thought you were only dependent of water !!

Now Cotton also what else can someone please high light.... then how dare you go Anti India.

We buy it from your country's businessman's you don't give it for free mind it, and we don't default payment like your countrymen do. Water is for everyone that flows down the stream to ocean, not yours alone, just like international water ways.
yah we dare, what can you do kid???
Don't talk about stuff you don't really know much.

 

[DDLJ]

Hey Bangaldeshi cheers!!!

Your dream of boycotting India is coming true. You should be happy.
Cheers!!!!!!!!

 

[prabhakar]

We buy it from your country's businessman's you don't give it for free mind it, and we don't default payment like your countrymen do. Water is for everyone that flows down the stream to ocean, not yours alone, just like international water ways.
yah we dare, what can you do kid???
Don't talk about stuff you don't really know much.

so why so much hue and cry ? Buy from somewhere else and boycott indian products. I thing India should also boycott bangladeshi products...wait a minute ..what is that

 

[CaPtAiN_pLaNeT]

so why so much hue and cry ? Buy from somewhere else and boycott indian products. I thing India should also boycott bangladeshi products...wait a minute ..what is that

Because it is a sudden ban and I believe they have agreement to supply for a while.

 

[prabhakar]

Because it is a sudden ban and I believe they have agreement to supply for a while.

take us to the court..... well in the hindsight it is a great opportunity for bangladesh to decrease her dependency on India. all the best.

 

[DDLJ]

Because it is a sudden ban and I believe they have agreement to supply for a while.

Our cotton crop failed in many areas. So, we should first feed ourselves or our neighbour. It always happen in India, when there is shortage of some goods export is banned immediately like previously it happened with Onion and Sugar.

Instead of making complain, try to understand our problem.

 

[samrat]

Well Well one day BDs are talking about boycotting Indian products and the next day they are complaining why India is not sending them cotton. Sure BDs are a confused lot.

 

[kobiraaz]

Well 70% of our cotton comes from Uzbekistan and Egypt. They are of good quality but expensive.... So Bangladeshi Mills buy Indian cheap coarse cotton and mix it with those cotton to save money! We should look for another source now as india did this last year also...

 

[danger007]

Well 70% of our cotton comes from Uzbekistan and Egypt. They are of good quality but expensive.... So Bangladeshi Mills buy Indian cheap coarse cotton and mix it with those cotton to save money! We should look for another source now as india did this last year also...

seriously do you have???

New Delhi: Expressing dismay over India's decision to ban cotton exports, the International Cotton Association (ICA) Wednesday said the move will have "serious consequences" on world cotton trade.

The government on March 5 has banned exports of cotton.

"As the second largest producer and consumer of cotton in the world, with a world market share of about 20 percent and one of the largest exporters of global cotton, the ICA believes that the actions taken by India will have serious consequences and a major, detrimental impact on world cotton trade," the ICA said in a statement.

The international cotton trade association claims that the suspension of registration of cotton export contracts in 2010 by India has led to numerous arbitrations at the ICA, as many firms, including from India, were unable to execute their contracts.

It said that the ramifications of the 2010 ban led to a huge disruption of trade, with many firms having to pay out large sums of money as a consequence of arbitration awards against them.

"...the current ban will produce the same results and, once again, undermine India as a reliable trading partner," it said, adding the ban has already sparked an up move in New York Futures cotton prices.

The association said that the impact of this ban may be more severe, as it includes registered contracts.

"Customers in many importing countries who are counting on this cotton to run their spinning mills will suffer irreparable loss and damages," it added.

ICA has urged the Indian Minister of Commerce and Industry to immediately reconsider its policy and revoke the ban with immediate effect to enable international contracts to be executed without further defaults and reputational damage.

The UK-based association operates on a not-for-profit basis.

 

[sexy gun]

Well 70% of our cotton comes from Uzbekistan and Egypt. They are of good quality but expensive.... So Bangladeshi Mills buy Indian cheap coarse cotton and mix it with those cotton to save money! We should look for another source now as india did this last year also...

Rather than ranting why don't u take some time to think over the reason why INDIA banned it. Was it just for kicks ? Was it to make the March1 call for boycott of Indian goods a phenomenal success ? or was there some sane reason ?

I am pretty sure u guys have simple common sense like most other human beings. Please use it.