HousewaresLive.net
News
Jobs
Product expo
News
News
News
Published on 4 - January - 2013
 

Bangladesh poised to cash in after Chinese tableware tax shock

Ceramic tableware manufacturers in Bangladesh are predicting a huge boom in their business as a result of the swingeing new taxes slapped on Chinese products by the European Commission at the end of last year.

Bangladesh poised to cash in after Chinese tableware tax shock
Tableware by Shinepukur Ceramics, now expanding to cope with demand

Many Chinese ceramic tabletop and kitchenware lines exported to Europe are now subject to anti-dumping duties that increase their dockside price by up to 58.8%. The move is intended to protect European manufacturers against competition from China, which an EC investigation decided was selling its products at artificially-low prices.

However, when the new taxes were announced in November, the British Retail Consortium warned that they would in fact do nothing to help European producers. It said they could not manufacture tableware cheaply enough, and retailers would therefore simply look around for another source of low-cost tableware.

Now, manufacturers in Bangladesh are looking forward to cashing in. "We're expecting to capture the lion's share of the global ceramic market after implementation of the EC's decision," Rizvi Ul Kabir, chief operating officer of Bangladesh's largest ceramics tableware producer, Shinepukur Ceramics, told Bangladeshi newspaper The Financial Express.

He added that the company was now expanding its plants to cope with the anticipated demand - as, says the newspaper, are all Bangladesh's other tableware producers.

According to The Financial Express, the country's ceramic tableware industry had until recently been growing at up to 15% a year. Bangladesh Ceramic Wares Manufacturers Association president Iftakhar Uddin Forhad explained that recession in the EU and the US had put paid to that, but he added: "But we will rebound after the EC's decision."


This page
Email  Send to a friend   Print  Printer friendly   Comment   Print  Link to this page


Click here to leave a comment
Comments
18/09/2013 19:09:00

By Richie
'' The anti-dumping duties is a cheap joke or Anti-Chinese goods gimmick. Restrictions on cheap affordable goods isn't fair trade nor any way to being cost effective. Being Anti is clearly a path to ruin in terms of economic and EUC.''


Make a comment?
Your name
Subject

Inform me of responses to this comment





Datateam Business Media Limited 2013. HousewaresLive.net news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.



Cookies
We use cookies to make this site as useful as possible. They are small text files we put in your browser to track and assist usage of our site but, with the exception of cookies that help you log in, they don't tell us who you are.
You can control cookies in your browser settings. If you use our site it implies that you consent to our cookie usage. To find out more about how we use cookies and how you can control them, click here to see our cookie policy.