Bangladesh Exports To India Receive Zero Tariff Treatment
India Prime Minister Singer (Manmohan Singh) may visit Bangladesh in early 2011. During the visit, 61 kinds of Bangladesh products exported to India were expected to receive zero tariff treatment.
The Bangladesh government has made a proposal to India to ask India to give up tariffs on some products, including 54 kinds.
Ready-made clothes
Clothing aims to narrow the trade gap between the two countries.
Bangladesh commerce minister Faruk Khan also tried to persuade India to give up tariffs when he visited India.
He said India may give up tariffs when the Prime Minister of India visits Bangladesh or at any time next year.
The possibility of giving up tariffs is high because India and Bangladesh have reached an agreement in October.
He further added that the India government has considered abandoning 61 kinds.
commodity
The tariff will benefit two countries.
According to the agreement signed in 2007, Bangladesh is now subject to tariff free entry of 8 million garments annually.
India Market
。
Bangladesh Prime Minister Hasina (Sheikh Hasina), when he visited India last January, suggested that more Bangladesh enjoy tariff free treatment of India's export garments.
Bangladesh also asked India to cancel non-tariff trade barriers, such as clothing hidden tax.
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