India Plan Allows Duty-Free Access To Bangladesh'S Clothing Industry

India Prime Minister Singer and the heads of state of the eastern and northeastern states will hold a trade conference next week 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 wants to allow Bangladesh products.

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 the request to delete 40 Bangladesh clothing products 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's parliament to reciprocate. Dhaka will lift restrictions on yarn and fabric and abolish the import ban on India's extensive border with Bangladesh.

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

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 constitute a blow to Siti Rupp Lou Diana's textile belt.

Anand, President of all garment exporters association of India, said: "because developing countries have low production costs, such as

The large domestic market of India ready made clothing has reached 25 billion US dollars a year, most of which are products provided by domestic manufacturers, because high tariffs have made the imported products uncompetitive.

India will increase tariffs on clothing imports by 10-15%, or import tariffs of 25-125% per garment, whichever is higher, so that even highly competitive imports can not enter the India market.

Textile manufacturers 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."