The bill will replace Bangladesh Tariff Commission Act 1992
The Bangladesh Tariff Commission (Amendment) Bill, 2020 has been passed in the parliament in an amended form by the Parliamentary Standing Committee.
Commerce Minister Tipu Munshi moved the bill in the House which was unanimously passed by
voice votes with Speaker Dr Shirin Sharmin Chaudhury in the chair, on Wednesday, reports BSS.
Piloting the bill, the commerce minister said the proposed bill will replace Bangladesh Tariff Commission Act 1992.
The bill was passed with a view to cope Bangladesh trade with the increasing international trade.
The amended act will help impose harmonized system code for the import and export products or services and vigilance of foreign trade activities, he said.
According to the bill, the commission will take necessary steps for protecting the local industries as per anti-dumping, counter-veiling and safeguard measures, observation and revise of the international and internal market price of the essentials and to carry out research and study for the interest of the local industries and commerce.
Earlier, the parliamentary standing committee’s report on the Bangladesh Tariff Commission (Amendment) Bill, 2019 was placed in Parliament on January 14.