Bilateral Trade between India and Bangladesh: The Dumping Issue
Elahi, Syed Margub
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The trades between two countries were long before the liberation war of Bangladesh but as soon as both economies started flourishing India played different strategy on restricting imports from Bangladesh. There were several cases that got filed for unfair antidumping between nations. The economic and trade relationship between India and Bangladesh is like, between an elephant herd going over an ant colony. The paper is about the trade dispute settlement issue between India and Bangladesh. The allegation of dumping and using counter veiling measures on lead acid battery import to India, compelled Bangladeshi battery exporter’s to go against Indian government. A least developing country going against a bigger and greater economy is a huge challenge to present at the World Trade Organization (WTO). It is unlikely for a weaker nation to stand against its neighbouring country with many political leverage and border security issues. As a least developing country (LDC) this unfair duty had an impact on its balance of trade with India and lead to drawbacks in fair business profits. There were several rounds of error and trial consultation between Bangladesh and India that took place at WTO for this case. To get a settlement by uplifting this duty imposed on lead acid battery, and which was also pointed out that it was not a legit antidumping duty, from the calculations of Bangladeshi battery exporter Rahimafrooz. This paper will show a case solving matter on anti-dumping act in reducing bilateral trade deficit between nations. Also, what are the necessary policies the foreign mission may resort to remove trade deficit and to protect local industries without hindering bilateral trade.