Tipu Munshi, Commerce Minister, Bangladesh has urged India to reconsider anti-dumping and anti-circumvention duties imposed on jute and jute cloth imports from the country and also inform it before imposing an export ban or restrictions on essential commodities. Munshi says, recent notification by India’s Ministry of Finance authorizing customs officials to ask for documents for imports to determine the meeting of value addition criteria and denying preferential duty was creating problems.

However, Piyush Goyal, Commerce & Industry Minister assured Munshi of taking these steps to address the issue by creation of adequate buffer stocks and increasing the area of cultivation of products such as onion and potatoes. Goyal suggested both governments should set high benchmarks on how to capture a larger global share in the apparel and textile industry. According to him, both governments try to expand textile and apparel exports five times to provide jobs, increase forex reserves and develop both economies.