Brazil lowers anti-dumping duty on Indian jute imports
Brazil has reduced anti-dumping duty on Indian jute products after after a protracted legal battle for seven years.
This was announced by Mr A.K. Bal, Secretary of Jute Manufacturers' Development Council (JMDC), at a press conference in Kolkata on Monday. The anti-dumping duty had been reduced to 27.8 per cent from 38.9 per cent, he said.
Brazil is an attractive market for Indian jute exporters. There is a huge potential for exporting food-grade jute bags for cocoa and coffee producers. The market is as big as 25,000 tonnes. Global cocoa and coffee producers have already prescribed compulsory usage of these jute bags.
JMDC, which operates under the Union Textile Ministry, is the official export promotion council of the Indian jute industry. Earlier, it succeeded in winning a patent case against an UK-based company, GEOHESS, which patented jute hessian cloth for covering dumping grounds
October 12' 2004
