India: Fears for orange exports over Bangladesh import tariff
Gulab Chand Prasad, an exporter, said "We have very good relations with Bangladeshi traders, but the Bangladeshi government charges 26 percent import duty, which reduces the scope of export market. We are asking for duty free trade and I hope that boosts our business in the northeast region."
Somewhere in the region of 100,000 tonnes of oranges are produced annually. That which is not exported to Bangladesh is sold domestically.
Every year sales to Bangladesh are worth over Rs. 20 crores. However, there are fears for the future of this now that the import tariff is being applied.
A trader from Bangladesh, Mohammad Alam Ghir Hussen, expressed apprehension about Bangladesh's move to charge high import duty on fruits and vegetables, which could affect the export market.
"There is a good relation between Bangladesh and Indian traders, we have always done business together. But, Bangladesh's move to charge 26 percent import duty on fruits and other vegetables could lead to a halt in the export," he said.
Source: newstrackindia.com
