Indonesia just lately imposed anti-dumping obligation (ADD) equal to a most of Tk 956 per piece on import of 134 varieties of attire merchandise for 3 years. The Indonesian Commerce Ministry’s Committee on Safeguards on just lately issued a notification to this impact. The safeguard measures will apply after publication of the decree by the Finance Ministry. The notification was printed on the web site of the World Commerce Organisation (WTO).
Though the obligation is imposed unilaterally, Bangladesh’s export might be hit the toughest because the nation already faces as much as 25 % obligation on export of readymade garment (RMG) merchandise to Indonesia, exporters and commerce officers instructed. In fiscal 2019-2020, Bangladesh exported RMG merchandise value $27.91 mn to Indonesia, which is greater than 54 per cent of the nation’s complete export to Indonesia value $51.42 mn. In 2018-2019, Bangladesh exported attire merchandise value $30 mn towards import of textile articles value $187 mn, together with $133 mn of fibres, from the nation.
Imposition of the safeguard obligation on prime of that can worsen Bangladesh’s export competitiveness within the nation, consultants in Bangladeshi mentioned, hoping the Dhaka ought to utilise the scope for session and bilateral commerce relations to mitigate the affect of the safeguard measures.
In line with the discover, the safeguard obligation has been imposed on prime clothes (informal), prime clothes (formal), backside clothes, fits, ensembles and clothes, outwear, infants’ clothes and clothes equipment, headwear and neckwear.
The speed of particular obligation is Rp 6,231 per piece of headwear and neckwear, Rp 45,499 for prime clothes (informal), Rp 1,56,979 for prime clothes (formal), Rp 90,346 for backside clothes, Rp 1,59,143 for fits, ensembles and clothes, Rp 1,38,930 for outwear, Rp 32,034 for infants’ clothes and clothes equipment for the primary 12 months. The obligation price is barely decrease for the second and third years. The quantity of obligation ranges from Tk 37 to Tk 956 per piece of clothes merchandise which come below the purview of the obligation.
The discover mentioned that WTO members who’ve substantial pursuits within the items must request for session inside seven days from the date of circulation of the discover. The session is scheduled to be held no later than March 19.