Dhaka, Bangladesh (BBN)- India has imposed 14 per cent Counter Veiling Duty (CVD) on export of jute goods from Bangladesh to her market defying the regulation of World Trade Organization (WTO), trade officials said.
The Indian government started imposing the CVD since January 18 this year.
Dhaka has decided to formally oppose the decision of Indian customs authority and negotiate with the Indian government for withdrawal of the CVD on jute goods. The decision was taken at a meeting in the commerce ministry on Wednesday, the Financial Express (FE), a local newspaper, reported quoting sources.
The meeting, presided over by Commerce Secretary Md Ghulam Hussain, was attended by chairman, Bangladesh Tariff Commission, chairman, Bangladesh Jute Mills Association, and representatives of business communities including Bangladesh Jute Exporters' Association and Bangladesh Jute Goods Exporters' Association (BJGEA).
BBN/SSR/SI-27Jan11-9:35 am (BST)