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Argentina imposes 56% ADD on glove imports from Bangladesh

  

Argentina has imposed a 56 per cent anti-dumping duty (ADD) on import of gloves from Bangladesh and some other countries for five years. As per the notice issued by the Productive Development Ministry, the country imposed a 42-per cent ADD on the freight on board value on exports from Bangladesh, China, Sri Lanka and Malaysia while it has imposed a 35.06 per cent ADD rate on imports from India.

Earlier in November 2019, the country initially imposed a 56-per cent ADD on import of the product from Bangladesh, China, India, Malaysia and Sri Lanka. As per Bangladesh’s Export Promotion Bureau, Argentina imported gloves, mittens and mitts, knitted or crocheted, impregnated, coated or covered with plastic or rubber worth $182,982 from Bangladesh in the fiscal year 2019-2020.

Although Bangladesh’s export volume gloves to Argentina was not so significant compared to with its total export worth $33.67 billion in FY20,imposition of anti-export duty will have far-reaching impacts on exports as other countries might follow Argentina’s example. In recent years, Bangladesh has also faced anti-dumping and related duties on jute and jute goods, hydrogen peroxide and fishing nets from India, on hydrogen peroxide from Pakistan and synthetic yarn from Turkey.

 
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