Statement of Textiles Minister Dr. K.S.Rao at the Joint Press Conference with Mr. Abdul Latif Siddique, Minister of Textiles, Bangladesh
- India and Bangladesh have long shared a warm relationship. The bilateral meeting between India and Bangladesh has been reinforced in a number of bilateral meeting and visits in recent years. I would like to reiterate my deep commitment to a strong bilateral relationship in the textiles sector and friendly relations.
- The Minister of Textiles and Jute Government of Bangladesh and and I have discussed the gamut of textiles sector collaboration between India and Bangladesh. Our talks have been constructive, cordial and fruitful. The issues covered included enhancement of collaboration in textiles sector between the two countries by signing an MoU on Textiles sector collaboration, cotton security for Bangladesh textiles mills and the establishment of a successor organization for the International Jute Study Group in Dhaka through Joint efforts at the UNCTAD.
- India and Bangladesh have a long history in textiles sector. During the historic visit of the Prime Minister Dr. Manmohan Singh to Dhaka in September 2011, Textiles sector issues were amongst the major deliverables. The unilateral decision for duty free, quota free access of 48 textiles lines of Bangladesh readymade garments to India, withdrawal of countervailing duties from all jute products from Bangladesh to India, simplification of testing requirements on Jaamdani saris, review of marking and labeling requirements for jute bags, cotton and cotton yarn exports to Bangladesh were amongst the salient issues that have featured in the bilateral relationship.
- Subsequent to the Prime Minister’s visit, India has further brought down duties on all imports from Bangladesh under the SAFTA agreement. The will further enhance trade between our countries. India’s textile imports from Bangladesh in pursuance of the Prime Minister’s visit 2011 have increased from USD 164 million in 2010 to USD 271 million in 2011 and USD 289 million in 2012. In 2013, statistic indicate an increase of 15 percent over 2012. Imports are increasing in chapter 61, 62 and 63 which are apparel articles both knitted and woven and also in home textiles. I do hope that this strong performance trends in Bangladesh exports to India in textiles sector continue to develop in the coming years.