In recent years, Bangladesh has turned into a textile chemical exporter from importer. Experts say, this has helped the country save and earn millions of foreign currency. At present, Bangladesh exports hydrogen peroxide, a major chemical used in the bleaching and sterilising process in textile, paper and pulp industries, to several countries, including India, Nepal, Malaysia, Pakistan and Sri Lanka.
The largest destination is India, with more than 1,200 tons of hydrogen peroxide being exported here per month. This is followed by Pakistan, where, about 400 tons is exported. Data from Export Promotion Bureau, in the fiscal year 2014-15 reveals, over $7 million worth of chemicals were exported and India and Pakistan together accounted for about $6.5 million.
Mostafa Kamal, Chairman and Managing Director, Meghna Group of Industries says, there is a huge potential to export hydrogen peroxide to other countries as well. However, Pakistan’s antidumping duty on imports of chemicals from Bangladesh has affected the country’s export potential. The National Tariff Commission of Pakistan recently, issued a notice inviting interested parties to attend a hearing on the issue. A Bangladesh Tariff Commission official though, said that they would fight against Pakistan’s move.
