Bangladesh Jute Mills Association Explained

Bangladesh Jute Mills Association
Formation:1982
Headquarters:Dhaka, Bangladesh
Region Served:Bangladesh
Language:Bengali

Bangladesh Jute Mills Association [1] is an association of Jute Mill owners in Bangladesh.[2] [3] This along with the Bangladesh Jute Spinners Association and Bangladesh Jute Goods Exporters' Association represents the interest of the Jute Industry in Bangladesh.[4] [5] It was stablished by Samsul Islam in 1982.Abdul Barik Khan is the secretary of the association.[6]

History

Jute is a major industry in Bangladesh and in 1947-1948 made up 80 percent of the exports from East Bengal. In 1969-1970 period Jute was responsible for 46 percent of foreign exchange earning by Pakistan. After the Independence of Bangladesh, the government nationalized major jute mills under the Bangladesh Jute Mills Corporation. By 1975–1976, Jute exports had declined to make up only 25 percent of the export from Bangladesh. Bangladesh Jute Mills Association was founded in 1982 as the government started to denationalise jute mills and returning them to private ownership.[7] [8]

Bangladesh Jute Mills Association is composed of 35 jute mills. From 1997 to 1998, jute mills in Bangladesh produced 100 thousand metric ton of jute.[9] By 2013, member ship had expanded to include 88 jute mills.[10] The membership expanded as the government of Bangladesh privatised a significant number of state owned jute mills.

In the 2003 Annual General Meeting of the Bangladesh Jute Mills Association, Mirza Ali Behrouze Ispahani was elected Chairman of the Association.[11] The association has been lobbying the government of Bangladesh to provide a stimulus package. India had placed anti dumping tariff on jute products from Bangladesh.[12]

Notes and References

  1. News: bn:দুঃসময়ে পাট, বন্ধ হচ্ছে একের পর এক পাটকল . https://www.prothomalo.com/bangladesh/article/188239 . 9 August 2019 . Prothom Alo . 9 April 2014 . bn.
  2. Bhaskar . V. . Khan . Mushtaq . Privatization and Employment: A Study of the Jute Industry in Bangladesh . The American Economic Review . 85 . 1 . 267–273 . 1995. 2118009 .
  3. Book: Kathuria . Sanjay . Malouche . Mariem Mezghenni . Attracting Investment in Bangladesh—Sectoral Analyses: A Diagnostic Trade Integration Study . 2016 . World Bank Publications . 9781464809255 . 9 August 2019 . en.
  4. News: Export earnings from jute fall 20pc in FY19 . 9 August 2019 . theindependentbd.com.
  5. News: Stimulus for jute millers . 9 August 2019 . The Daily Star . 5 December 2018 . en.
  6. News: India closer to imposing ADD on Bangladesh jute sacking cloth . 9 August 2019 . New Age . en.
  7. Web site: Jute Industry . Banglapedia . 9 August 2019.
  8. Web site: Jute . Banglapedia . 9 August 2019.
  9. Book: Roul . Chhabilendra . The International Jute Commodity System . 2009 . Northern Book Centre . 9788172112745 . 233 . en.
  10. Book: Dept . International Monetary Fund Asia and Pacific . Bangladesh: Poverty Reduction Strategy Paper . 2013 . International Monetary Fund . 9781475543520 . 89 . 9 August 2019 . en.
  11. News: New chairman, vice-chairman of BJMA . 9 August 2019 . The Daily Star .
  12. News: India slaps anti-dumping duty on jute cloth . 9 August 2019 . The Daily Star . 20 June 2019 . en.