India’s cotton export ban violates global trade norms: Bangladesh

[ebr77]

Then Bangladesh should support KONY 2012 whole heartedly as LRA now mainly operates in South Sudan especially in the agriculturally rich regions of the nation.

Are you always this high..???

What in the world for?

bhai just ignore them, they are kids , have no real knowledge about things neither they understands. Like kids you know. So let him troll on.

 

[samrat]

What in the world for?

Whats the purpose of KONY 2012..to generate awareness against Joseph Kony and call for his arrest & according to latest reports he and his band of rebels mainly operate in DRC, South Sudan and the Central African Republic. If BD hopes to have investment especially in agriculture in South Sudan, getting rid of LRA is a must.

 

[rubyjackass]

What NORM??? Its INDIAAAA...

Ok. Let's just say the subject is wheat instead of cotton. Technically India would still be violating global trade norms with an export ban on wheat. But if price of wheat increased in India's domestic market, people would starve to death. Your minister will still issue a statement saying world production of wheat came down and India's ban violates norms. You will still dance on the issue and blame India. Because you will prefer poor Indians to die instead of rich Bangladeshis.

Granted that a ban on cotton is less serious, is it so hard to understand that India prefers to save its people and jobs rather than yours? You talk like it is Bangladesh's birth right to import cotton from India. When you learn completely about the possible effects of globalization, even you will be horrified by it. This is one such example of the ill-effects of WTO. Random countries come at your doorstep demanding your blood while you are suffering. Wait till your country gets to the other side. Ohh I forgot, then your country will claim it is poor and needs exemption from the rules.

 

[rubyjackass]

They say 45% of our cotton demand is met by India. What is the chance of smuggling in cotton across the border now?

Sources please.

 

[Skallagrim]

Sources please.

Cotton export ban will leave negative impact on BD textiles

 

[Zabaniyah]

Whats the purpose of KONY 2012..to generate awareness against Joseph Kony and call for his arrest & according to latest reports he and his band of rebels mainly operate in DRC, South Sudan and the Central African Republic. If BD hopes to have investment especially in agriculture in South Sudan, getting rid of LRA is a must.

We'd be more than happy to send our army under the UN umbrella. We are already stationed in South Sudan.
http://www.defence.pk/forums/bangla...-military-contingent-awarded-south-sudan.html

 

[BANGBRO]

The problem was the Pakistani textile market which is one of the most advanced (technologically) in the world. It needs a lot of cotton that the local supply cannot meet despite Pakistan being a major cotton producer.

India does not have a shortage of cotton - its facing a reduction in buyers for its textiles compared to Pakistani textiles. Its the rice scandal all over again - where India could not fight product to product so they decided to use underhand tactics. With the rice, they sold their rice shipments at a loss, in the hope that if they did it for some years Pakistani exports would die and the industry would crash - didn't happen, Pakistan played the quality card and we came out winners with Indians only incurring huge losses.

They couldn't just ban it for Pakistan this time with all the nonsense about MFN going to India. This is an MFN country which plays underhand tactics when it can't compete product against product? Pakistan will meet its supply from somewhere or the other.

You can bet, that China which has an even larger textile industry won't be too pleased about this underhanded tactic.

What would India do if all three nations found alternatives? Indian farmer would be the ultimate net-loser.

again the famous pakistani in dreamland... look around you dude.. no not in UAE but whenever to get back to pak... american aid.. chinese assistance is what keeping your country alive... whenever the fuse goes haywire pakistan will become another somalia.. pakistan is growing at the rate of mere 2-3 % and ur saying your industry is the most tech advance last time I checked your country begged euro to allow duty free export from your textile industry so much for being advance...

 

[Mujraparty]

India allows traders to export pre-ban cotton

India's commerce ministry says it will allow traders to ship out cotton that was cleared for export before 4 March.
The ministry announced a blanket ban on Monday to ensure supplies for domestic mills amid a jump in overseas sales.

The prime minister ordered a review after protests from the farm ministry.

Disease has damaged cotton crops in several Indian states, cutting yields. Exports have been higher than expected because of strong demand from China.

India is the world's second-largest producer and exporter of cotton. International cotton prices rose after the ban was announced.

China's cotton industry, which takes about 80% of Indian production, criticised India's decision, saying it was "irresponsible" and would disrupt the global market.

The decision comes ahead of an Indian government meeting to discuss the ban.

Dhiren N Sheth, president of the Cotton Association of India, told the BBC that Friday's order would affect "a very small quantity of cotton" as only those shipments which had been cleared by customs authorities by last Sunday would be allowed to proceed.

He described as incorrect reports that up to 2.5m bales of cotton could leave India because of the commerce ministry decision, suggesting the real figure was only several hundred thousand.

The commerce ministry ban came after Indian textile makers expressed concerns about shortages and high prices.

But on Tuesday, Agriculture Minister Sharad Pawar wrote to the prime minister seeking to lift the ban, saying production was higher this year and farmers were complaining of falling prices.

The chief minister of Gujarat, Narendra Modi, also wrote to Mr Singh asking why the decision had been taken without consulting "affected" states. Gujarat is one of India's leading cotton-producing areas.

India has already exported 8.5m bales of cotton - each weighing 170kg (375lb) - in the financial year ending on 31 March, reports say, up from a government estimate of 8.4m bales made in January

BBC News - India allows traders to export pre-ban cotton

 

[ebr77]

Dhaka slams Delhi’s ban on cotton export
Bangladesh’s garment sector is likely to face difficulties following shortage of cotton as India, the region’s largest producer of the item, has imposed a ban on its export, which Bangladesh government termed as “unfortunate”.
Bangladesh’s Commerce Secretary M Ghulam Hossain at a news conference yesterday said repeated restriction on export of cotton is posing a threat to the garment sector of Bangladesh, which fetches 76% of the total export earnings of the country, reported Xinhua.
“India banned on export of cotton leaving aside trade rules and regulations. We think it is against the norms of international trade,” Hossain told the newsmen at the hurriedly called press conference.
The Indian government imposed the ban on Monday, citing reasons that it is building up its domestic stock amid fears of a low yield this year, according to the officials of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), who were present at the press conference.
Hossain said his ministry condemned the move of Indian government and has written to the Indian authorities for withdrawing the ban immediately.
“The Indian government has been urged to take steps to release all agreements regarding cotton,” Hossain added.
Hossain however said India’s ban would not hurt the local textile industry as the commerce ministry is keeping an eye on the world market where production is good this year and price is low.
He also said they are looking for other sources, such as Australia, Uzbekistan and the US.
Gulf Times ? Qatar?s top-selling English daily newspaper - SriLanka/Bangladesh

 

[ashokdeiva]

There are two aspects to this issue.
If the ban is not implemented, the Farmers in INDIA would get a good price for thier produce because of forigne demand and the local Textile mill owners will have to pay the price that the internation market offers and hence a recuction in their profit.
If the ban is implemented, the local Coton stock will go high and the cotton price will fall in the domestic market, thus resulting in low price for the INDIAn farmers and a big profit for the INDIAN textile mill owners.

I am against this ban, UPA should have consulted the individual states governments which produces Cotton before ariving at a conclusion. UPA made a blunder here.

 

[illusion8]

The problem was the Pakistani textile market which is one of the most advanced (technologically) in the world. It needs a lot of cotton that the local supply cannot meet despite Pakistan being a major cotton producer.

India does not have a shortage of cotton - its facing a reduction in buyers for its textiles compared to Pakistani textiles. Its the rice scandal all over again - where India could not fight product to product so they decided to use underhand tactics. With the rice, they sold their rice shipments at a loss, in the hope that if they did it for some years Pakistani exports would die and the industry would crash - didn't happen, Pakistan played the quality card and we came out winners with Indians only incurring huge losses.

They couldn't just ban it for Pakistan this time with all the nonsense about MFN going to India. This is an MFN country which plays underhand tactics when it can't compete product against product? Pakistan will meet its supply from somewhere or the other.

You can bet, that China which has an even larger textile industry won't be too pleased about this underhanded tactic.

What would India do if all three nations found alternatives? Indian farmer would be the ultimate net-loser.

Pakistan being the 4th largest cotton producer cannot meet its local requirements?? how is that possible, if there is a reason for the shortage of cotton for Pakistan's own textile industry, Indian textile industries could also have the same reason for the shortage.

Rice, cotton or for that matter are commodities and are listed under commodity exchanges and prices are regularly monitored for all commodities so its close to impossible to do undercut prices below the normal prices prevailing for that moment or else effected countries can sue against this.

China textile industry will be effected so will our export to China increasing our trade deficit, so there is a genuine reason behind the ban.

India has been in textiles when the british started it, Mumbai was known as the Manchester of the East. So Pakistan being better in textiles than India is not possible.

 

[scholseys]

self delete...........

 

[Skallagrim]

India to lift ban on cotton export

 

[Skallagrim]

Move underway to find alternative sources of cotton