Ban on Jute Export by Bangladesh: (PJMA requests Saarc Chamber to resolve crises)

November 26, 2015 Off By Web Desk

ISLAMABAD: Pakistan Jute Mills Association (PJMA) has asked the President SAARC Chamber of Commerce and Industry, Mr. Suraj Vaidya to intervene immediately to resolve the crisis due to the ban on the export of raw jute by Bangladesh.

‘You are requested to intervene immediately into the situation to get the ban abolished in the best national interest of both Pakistan and Bangladesh.

You may like to activate all diplomatic and governmental channels of the member states to get the matter resolved on priority. We believe that your swift action shall ensure the exporters and importers on either side from the great embarrassment being anticipated ahead”, stated Ahsan Ahmed Khan Chairman, PJMA in a letter.

He expressed deep concern on the ban imposed by the government of Bangladesh on exports of raw jute from November 03, 2015, stated the letter, adding that the matter is quite urgent/serious as Pakistan, being one of the biggest importer of BD jute, fulfils all basic raw material requirements of its jute industry from single country imports.

The letter reiterated that SAARC Chamber of Commerce & Industry has been chartered for the purpose of promoting and regularizing the economic (trade) and other developmental relations between all its members. The strengthening of the relations between these countries through cooperation/collaboration to achieve better future for its citizens is one of its objectives. The SAARC countries have further been tied up through SAFTA and SAPTA.

‘It is also believed that the chamber is to play its role in case any confusion, misunderstanding or any unfair act towards the mutual trade is taken by any member state. The subjected Raw Jute Export Ban has come without any forewarning. And the jolt thus received shall have drastic impact upon our industry; pushing it into deep and non-recoverable crises, ’stated the letter.

‘The storage of the crop yields especially of wheat, rice, grains and potatoes etc. are likely to go waste throughout the country given a scenario of “no supply of sacks”, the lifting and the transportation of the crops from farms to markets shall also get adversely affected and thus the small farmers would be worst hit who would not be able to sell their crops without the required Bardana (Jute Bags),’ the letter added.

Chairman PJMA requested the President SAARC Chamber of Commerce of Industry to use his office to let the immediate release of consignments for which LCs had already been established before the imposition of the ban.

‘The raw jute consignments on the verge of exports and for which LCs had already been opened before the enactment of the ban notification have also fallen prey to the immediate decision. The Government of Bangladesh should not renegade on prior commitments and signed contracts of their trade and business community,’ stated the letter.