India taking steps to ensure Bangladesh can’t reroute jute exports via 3rd countries

India restricts jute imports from Bangladesh through specific ports. This action addresses concerns about subsidized jute products impacting the Indian jute industry. The move follows evidence of circumvention of anti-dumping duties. Earlier, similar restrictions were placed on garments and food items. The government aims to protect domestic jute farmers and mills from unfair competition.

India has restricted jute and allied fibre imports from Bangladesh, citing unfair trade practices like anti-dumping duty circumvention that harm Indian farmers. The restrictions, effective immediately, apply to all land and seaports except Nhava Sheva. This action aims to counter these practices, promote self-reliance, and protect the livelihoods of those dependent on India’s jute economy.

India has imposed restrictions on the import of jute, woven fabrics, and yarns from Bangladesh, specifically prohibiting entry through any land port along the India-Bangladesh border. The Directorate General of Foreign Trade announced that these imports are now only permitted through the Nhava Sheva seaport.

Commerce Minister Piyush Goyal will meet with exporters and industry leaders on June 30 to address India’s goods and services exports amid West Asia tensions and ongoing trade negotiations. India aims for $900 billion in exports this fiscal year, even as trade talks continue with the US, UK, and EU.

India has imposed restrictions on jute, woven fabrics, and yarn imports from Bangladesh, limiting entry to the Nhava Sheva seaport, according to a recent notification by the Directorate General of Foreign Trade. This regulation, effective immediately, expands upon earlier restrictions placed on readymade garments and processed foods in May.

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India and Oman have updated their double taxation avoidance agreement, broadening the scope of permanent establishment to include digital and service activities. The revised agreement lowers withholding tax rates on certain payments and introduces a Principal Purpose Test to prevent treaty abuse. These changes aim to boost investment, simplify tax compliance, and enhance information exchange […]

The WTO’s Goods Trade Barometer indicates a strong start to global goods trade in early 2025, driven by importers anticipating tariff hikes. While the barometer rose to 103.5, a decline in new export orders to 97.9 suggests potential weakening in trade growth later in the year. The WTO anticipates stable merchandise trade growth of 2.

Indian trade negotiators are in Washington for talks on an interim trade deal with the US before the July 9 deadline. India aims to protect its interests in agriculture and dairy while seeking concessions for labor-intensive sectors. Discussions will also address the impact of US tariffs on steel, aluminum, and auto imports, as India seeks […]

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