Feedback Here

fbook  tweeter  linkin  google
Global contents also translated in Chinese

Govt withdraws ban on raw jute exports

The government has withdrawn the ban on export of certain categories of raw jute, including uncut Bangla tossa rejection (BTR) and Bangla white rejection (BWR). The textiles and jute ministry issued a circular in this regard on May 29 this year under the section 13 of the Jute Ordinance 2017.

On January 18 last year, the government had imposed a ban on the export of uncut BTR and BWR varieties of jute for an indefinite period in response to the requests by the local industries for ensuring quality jute. However, the Bangladesh Jute Association (BJA) demanded a withdrawal of this ban. Traders, farmers and workers also expressed concern as they faced a lot of financial losses due to the ban.

According to Export Promotion Bureau, the export of jute and jute goods declined by 19.99 percent year-on-year to $773.57 million during the July-May period of the current fiscal year. The sector’s earnings declined mainly due to higher use of jute goods like sacks in the domestic market and the anti-dumping duty slapped on it by India.