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Bangladesh gets duty-free access to 52 countries

  • Published at 04:14 pm June 20th, 2016
  • Last updated at 04:55 pm June 20th, 2016
Bangladesh gets duty-free access to 52 countries
Fifty-two countries have waived duty on Bangladeshi products, Commerce Minister Tofail Ahmed said. Apart from European countries, Australia, Switzerland, Japan, Turkey, Russia, Norway and New Zealand have allowed duty-free access for all kind of products from Bangladesh except arms and ammunition, he the Parliament on Monday, replying to a query. The minister said the US has allowed duty-free access for 8,620 Bangladeshi products, South Korea 8,778 products, China 4,788 products, Thailand 6,999 products and Malaysia 297 products. He said the government had move to expand duty-free access facilities for products to more countries. In this regard, Tofail added that the government signed several trade deals, including SAARC Preferential Trading Arrangement, South Asian Free Trade Area, Asia-Pacific Trade Agreement, Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Co-operation and Trade Preferential System among the member states of OIC.