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India Allows Bangladesh Clothing Industry Tax Exemption Access

2011/9/6 8:38:00 39

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Duty-Free Access To Clothing In Bangladesh India

India's prime minister Singer and the heads of state in the eastern and northeastern states will be held next week.

Trade Conference

To promote the relationship between thawing and Bangladesh.

Trade with Bangladesh must mean

Textile trade

。

India no longer sees Bangladesh as a rival in the export market, and the government hopes to allow Bangladesh products to enter the India market without tariff.

This gesture was opposed by domestic textile manufacturers, which they said would be a major blow.

Bangladesh wants India to remove 61 products from the list of protective products, including 48 garments and garments, which is a list of goods preserved by India under the free trade agreement of its South Asian Free Trade Area (SAARC).

This will allow the Bangladesh garment industry to enter India without tariff.

Bangladesh's apparel industry accounts for 80% of the country's manufacturing industry.

An official from the Ministry of Commerce said: "we are considering 40 Bangladesh.

Clothing products

The request to be deleted from the sensitive list. "

The Ministry of commerce is consulting the textile industry on this issue.

Bangladesh hopes to remove products from the list including natural rubber, toilet paper, sanitary napkins, paper or cardboard labels.

Some of these products remain on the list.

India expects Bangladesh Congress to reciprocate, and Dhaka will cancel it.

Yarn and fabric

To restrict the abolition of the import ban on extensive land boundaries between India and Bangladesh.

Textile manufacturers in India oppose the relaxation of the trade system with Bangladesh, which they claim will be a threat to domestic business.

Bangladesh exports $15 billion annually in garments and garments, which is larger than India's export volume of US $110-120, because the cost of production in Bangladesh is low.

Nair, Secretary General of India textile industry alliance, said: "we will be affected, especially the low-end products."

Bangladesh's list of products includes products that cost a lot of money: knitted garments, jeans and men's shirts.

This will be for Siti Rupp Lou Diana.

Textile belt

Constitute a blow.

Anand, President of the all garment exporters association of India, said: "because of the low production costs in developing countries, such as Bangladesh and Vietnam, our exports will be affected.

There is no point in giving them more preferential political factors.

The domestic market of ready-made garments in India has reached US $25 billion a year, most of which are provided by domestic manufacturers, because high tariffs make imported products uncompetitive.

India will increase the import tariff of clothing by 10 to 15 percent, or the import duty of each garment is between 25 and 12%, and the higher is the criterion, so that even the highly competitive import products will not be able to enter the India market.

textile

The manufacturer sent representatives to negotiate with the Ministry of Commerce and the Minister of textiles, asking the government not to compromise with the demands of Bangladesh.

Nair said: "this will encourage more foreign investment to enter the Bangladesh textile industry, such as South Korea, China and other Southeast Asian countries, because they will find that India is a ready market."