India extends ADD on jute products from Bangladesh, Nepal for 5 years

[Imran Khan]

haseena can worship modi now

 

[Skull and Bones]

Farming is not profitable for small farmers - world over!

India is not unique!

They will starve if they couldn’t grow and sell cotton.

Simply because, unlike BD, India is not producing much low skilled jobs.

Bangladesh is rapidly urbanising because farmers have an alternative.

After the covid experience - when the rural poor were abandoned on highways - your farmers are not going back to the cities.

There are better alternative crops.

 

[BananaRepublicUK]

There are better alternative crops.

If there was, would have done already!

Or are you saying your farmers are retards

 

[Skull and Bones]

If there was, would have done already!

Or are you saying your farmers are retards

Yup, they stick with cotton because it’s less labor intensive compared to food crops.

 

[BananaRepublicUK]

Yup, they stick with cotton because it’s less labor intensive compared to food crops.

We finally conclude this arduous debate!

 

[Bilal9]

haseena can worship modi now

Haseena is Modi's de-facto wife in principle, as mentioned by our FM Momen.

Wives in Hinduism are supposed to worship their husbands. Hasina's role is likewise though she pretends to be Pakka Muslim. Sita, Gandhari, Draupadi, Mandodari and Savitri are examples of women in Hindu lore who regarded their husband as mini Gods to be worshipped.

Patidevatā (पतिदेवता).—one who regards her husband as a divinity, a woman loyally devoted to her husband, a chaste woman; कः पतिदेवतामन्यः परिमार्ष्टुमुत्सहते (kaḥ patidevatāmanyaḥ parimārṣṭumutsahate) Ś.6; तमलभन्त पतिं पतिदेवताः शिखरिणामिव सागरमापगाः (tamalabhanta patiṃ patidevatāḥ śikhariṇāmiva sāgaramāpagāḥ) R.9.17; धुरिस्थिता त्वं पतिदेवतानाम् (dhuristhitā tvaṃ patidevatānām) 14.74.

Patidevatā is a Sanskrit compound consisting of the terms pati and devatā (देवता). See also (synonyms): patidevā.

 

[El Sidd]

You have debased Indian(hindu) baniya mentality even in your school text books. You start them young in hating your neighbors. I wonder who makes your curriculum.

I assume this was easier to post than trying to contradict the statement of fact. Good choice

 

[EasyNow]

Oh! Shut up!

Have some Shame! You perverted imbecile!

You must have been shafted hard by an Indian!!!

Strange to see a man so consumed with hate for one group, he's cucked himself to another!

He's allowing himself to be shafted - out of spite to Indians! Simping to the man who says Bengalis live in caves in Pakistan!

 

[my2cents]

I assume this was easier to post than trying to contradict the statement of fact. Good choice

What is predatory to one may not be for another. Using Credit cards with 26% interest is predatory, Yet most people use it with good intentions to pay back soon, but many end up with high debt and fall in vicious cycle of borrowing more to pay back previous debt.
What India does with its cotton is not BD concern. Market forces should determine the prices and if someone is resorting to predatory economic policies, then you can always say no. Just like india put jute in ADD list because of BD dumping, BD should formulate its own import policies with respect to India.

 

[Bilal9]

Just like india put jute in ADD list because of BD dumping, BD should formulate its own import policies with respect to India.

BD is not dumping anything. It is an illegal non-tariff barrier (NTB) put up by Indian customs because BJP govt. panders to higher cost Indian producer banyas who are big time BJP financiers.

Why higher cost? Because Indian producers use British Raj era old antiquated machines to produce gunny sacks and geo-textile.

Bangladeshi producers use far more modern machines for speedy production and their production cost is lower.

Same story - India resorting to illegal trade barriers to save Kanjoos local industrialists in India who won't invest in newer tech.

So - Bangladesh has two choices,

1. take India to the WTO for a conflict resolution. and/or

2. resort to tit-for-tat wapas protective tariffs for Indian exports to Bangladesh.

Clearly Indians have more to lose if both steps are taken.

These will be taken again, and as in the past - Indians will change their policy.

 

[UKBengali]

Someone opened a thread about something as insignificant as this!

BD exports to India are growing at 50-100% per annum and will cross 3 billion US dollars this year and may potentially surpass the USA by 2030 to become BD's biggest export market.

Always look at the big picture as focusing on insignificant things you never reach your overall goal.

 

[Bilal9]

^^ here he comes dispensing unwanted and unwarranted advice as an India-shill and dealing in his master's voice (dhokeybaaji). Smoothing ruffled feathers in Chanakya fashion....

India is already in motion to complete a signed MOU to export more than $32 Billion to our market versus the measly $2 or $3 Billion we export to theirs.

What gadha will believe that $32 Billion impact to an economy as small as ours is nothing to worry about? Tell you what, this fifth columnist assumes we Bangladeshis are all gadhas....

We will forever remain dependent on India and will be a rented economy only to serve the whims of the Takht-nasheen Indians in Delhi. Economic hegemony is even worse than political hegemony, ostro dia to marbei (jerokom ekhon martesey) shalara amader bhateo marar plan nisey.

Charal Bangladeshi commerce minister in India to do his master's bidding.

=================================================================================

Bangladesh commerce minister in India this week to discuss roadmap for CEPA negotiations​

Bangladesh commerce minister Tipu Munshi will be on a two-day visit to India starting 22 December. During his visit, Munshi will hold meetings with Indian commerce and industry minister Piyush Goyal​

FP Staff December 21, 2022 14:28:30 IST

Bangladesh Commerce Minister Tipu Munshi. Facebook.

New Delhi: Bangladesh commerce minister Tipu Munshi will be on a two-day visit to India starting 22 December for talks aimed at deciding the negotiation roadmap for India-Bangladesh Comprehensive Economic Partnership Agreement (CEPA). During his visit, Munshi will hold meetings with Indian commerce and industry minister Piyush Goyal.

For the unversed, India and Bangladesh, earlier this year, had finalised a joint feasibility study for a proposed CEPA. The trade deal is significant as it will be the first of its kind agreement for Bangladesh and a large Asian country.

Notably, the India-Bangladesh joint statement was issued after Prime Minister Sheikh Hasina’s India visit in September this year and meeting with Indian Prime Minister Narendra Modi had a key emphasis on signing the trade pact.

The joint statement mentioned that the two leaders “directed trade officials on both sides to start negotiations within the calendar year 2022 and to complete these at the earliest, in time for Bangladesh’s final graduation from LDC status.”

Apart from deciding the next steps to take forward the negotiation deals, Munshi will also hold discussion on broadening the economic and trade engagement with India and assured supplies of essential commodities including rice and wheat.

Amid the Russia-Ukraine war, prices of commodities have increased across the world and New Delhi is reaching out to neighbours with supplies. To help low-income countries fight against price rise and shortage of foodstuff, India has exported more than 1.8 million tonnes of wheat to countries in need, including Afghanistan, Myanmar, Sudan, and Yemen.

Munshi is also expected to raise the issue of anti-dumping duties on Bangladesh’s jute and jute-made products. India had imposed an anti-dumping duty on Bangladesh jute in January 2017 which has been extended till 31 December this year.

CEPA and its importance for India-Bangladesh
Both India and Bangladesh are looking forward to conclude the CEPA agreement which is expected to give fillip to trade and investment between the two countries. It is also expected to help enhance trade in Eastern and North Eastern region.

A planned CEPA with Bangladesh could double India’s exports to its neighbouring country to over $32 billion.

During Prime Minister Narendra Modi’s visit to Dhaka in 2021, both the neighboring countries had decided to conclude the Joint Feasibility Study related to the agreement fast.

Also during her India visit in September this year, Sheikh Hasina met PM Modi in New Delhi and the focus of her official tour was on various aspects of bilateral ties as well as strengthening of cooperation in energy, food security, connectivity among others.

The India-Bangladesh proposed CEPA has three dimensions – Trade in goods, trade in services, and investment. The key target of the proposed CEPA is to minimize the wide trade gap between Bangladesh and India as well as open up new economic opportunities including connectivity, new markets, cooperation and partnership.

It also plans to resolve the issues and challenges of anti-dumping duties and rules of origin through the perspective of multi-modal connectivity and deepening of cooperation in the context of sub-regional cooperation.

The CEPA will also incorporate a host of issues of mutual interest, including the development of railway infrastructure, port infrastructure, regional connectivity through multi-modal transportation, harmonization of standards, and mutual recognition agreements.

CEPA will give a significant boost to two-way trade and strengthen the scope of investment as it offers new avenues and ways of cooperation.

According to reports, India exported goods worth $16.15 billion to Bangladesh in FY22, an increase of over 66 per cent from $9.69 billion in the year before.

With this, Bangladesh has become the fourth-largest destination for Indian exports.

Meanwhile, imports from Bangladesh surged 81 per cent to $1.97 billion in FY22 from $1.09 billion in FY21, making India its seventh-largest export destination.

 

[UKBengali]

Once India gets to around 30 billion US dollars of exports to BD then the growth would radically slow down as then it's exports would saturate the BD market.

Most of it's exports are agricultural products, raw materials, energy and manufactured goods. China would provide stiff competition in manufactured products and so keeping it competitive for Indian exports into BD.

BD on the other hand has a 10x larger market to export it's garments, home electronics, pharma, IT etc.
While India gains from the proposed FTA, BD stands to gain even more and long may the great economic relationship between the 2 countries continue.

 

[my2cents]

BD is not dumping anything. It is an illegal non-tariff barrier (NTB) put up by Indian customs because BJP govt. panders to higher cost Indian producer banyas who are big time BJP financiers.

Why higher cost? Because Indian producers use British Raj era old antiquated machines to produce gunny sacks and geo-textile.

Bangladeshi producers use far more modern machines for speedy production and their production cost is lower.

Same story - India resorting to illegal trade barriers to save Kanjoos local industrialists in India who won't invest in newer tech.

So - Bangladesh has two choices,

1. take India to the WTO for a conflict resolution. and/or

2. resort to tit-for-tat wapas protective tariffs for Indian exports to Bangladesh.

Clearly Indians have more to lose if both steps are taken.

These will be taken again, and as in the past - Indians will change their policy.

Good luck with WTO. We have much more inequality here and we have to protect our industries.

 

[fallstuff]

So what's new here ?
This is the price Modi wants for India's support of BAL government.