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Anti-dumping duty

Call to raise awareness among businesses

FE Report | April 26, 2018 00:00:00

Speakers at a workshop on Wednesday said businesses should enclose proper documents with the application proposing imposition of anti-dumping duty on the imported products which create unfair competition.

They also said there was still confusion among the business community and government officials about BTC and anti-dumping law, which should be clarified in an attempt to safeguard the local industry.

The views came at a workshop on 'Anti-Dumping, Countervailing and Safeguard Measures' organised by Bangladesh Tariff Commission at its headquarters in the city's Segunbagicha.

Presided over by commission chairman Md. Zahir Uddin Ahmed, the programme was also addressed by commission member (trade policy department) Shah Md. Abu Raihan Alberuni, NBR first secretary (customs policy and budget) Abul Bashar Md Shafiqur Rahman, commission joint chief Rama Dewan, assistant chief Abdul Latif and research officer Mohinul Karim Khandaker.

Inaugurating the workshop, the commission chief said that there are many products imported in the country, which hamper the progress of local industries.

For instance, many low-grade light engineering products have been imported in the country from China that pushes local manufacturers of such products into disadvantageous position in terms of prices, he said.

Mr Ahmed said imposing anti-dumping duty on imported products for safeguarding local businesses is internationally recognised and approved by the World Trade Organisation (WTO).

Besides, he noted that tariff commission has received 10 applications so far in this regard but none of those was properly-documented to make sure that duty can be lived.

So, awareness about anti-dumping issues among the business community is crucial to protecting the interest of the country.

Giving a presentation titled 'Trade Remedy Measures: Anti-Dumping', commission joint chief said there were three basic requirements for imposing anti-dumping duties including the evidence of dumping (difference between normal value and export price), evidence of material injury or threat of material injury to domestic industry and evidence of casual link between injury and dumping.

Referring to India's anti-dumping duty on Bangladeshi jute goods, she said the commission had been trying to file a review application to the Directorate General of Anti-Dumping and Allied Duties (DGAD) of India for the removal of the duty.

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