Reliable Brokers
Online Investing
Alerts & Analysis
Easy Trading

Bangladesh signs trade and land allocation deals with Bhutan

Update : 06 Dec 2014, 07:40 PM

Bangladesh and Bhutan yesterday inked a deal on trade that would allow the two countries duty free access to 90 of each others products.

The two Saarc neighbours signed another deal on land allocation that would see the handing over of a plot in Dhaka Baridhara for the embassy of Bhutan, reports UNB.

The signings yesterday marked the first day of Bhutanese Prime Minister Tshering Tobgay’s three-day visit to Bangladesh.

Commerce Minister Tofail Ahmed and Bhutan’s Economic Affairs Minister Norbu Wangchuk signed the trade agreements, while Foreign Minister AH Mahmood Ali and his Bhutanese counterpart Rinzin Dorji signed the land allocation agreement.

The deals were signed at the Prime Minister’s Office in Dhaka in the PM Sheikh Hasina and her Bhutanese counterpart.

Tofail said Bangladesh would sign a preferential trade agreement with Bhutan, which would enable both countries to export goods without any obstruction.

He announced that Bangladesh would allow duty-free import of bolder, to be used for the construction of the Padma bridge.

Earlier in the day, the Bhutan premier paid a visit to the national memorial in Savar after having arrived in Dhaka.

He was later called on by Foreign Minister AH Mahmood Ali at the Pan Pacific Sonargaon Hotel. The two discussed means of strengthening economic ties, connectivity, hydro-power, and cultural exchanges among other issues.

Top Brokers