India Will Allow Bangladesh Garment Industry To Enter Customs Free.

India no longer

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 Bangladesh clothing 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 carrying on this issue to the textile industry.

Bangladesh wishes to remove products from the list, including natural rubber, toilet paper, sanitary napkin, paper or paperboard.

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

Textile manufacturers in India oppose the relaxation of the trade system with Bangladesh, which they claim will jeopardize 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 constitute a blow to Siti Rupp Lou Diana's textile belt.

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.

It doesn't make any sense to give them more political incentives. "

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 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."