Connect with us

Business News

Bangladesh Pushes For Exporting ‘Ready Made Garments’ To India and China



Bangladesh Commerce minister informed that Dhaka is willing to increase the exports to India and China by next year.  Presently, Bangladesh has a duty free facility in China and India.

With Rise and Rise of India and China, Will This Really Be The Asian Century?

In response to a supplementary question from Ashim Kumar Ukil, Bangladesh Commerce Minister Tipu Munshi said that there remains a wide scope for Bangladesh’s exporting readymade garments to India and China.

He said if Bangladesh can attain the scope, there will be a big export from Bangladesh in the two big markets.

Bangladesh’s Commerce Minister said Bangladesh has duty free facility in China and India. He also said there remains huge trade imbalance of Bangladesh with India and China. The Bangladesh government is trying to talk to India, assuming that already the amount of export to India is increased in 2018 compared to 2017.

Munshi said Bangladesh is yet to get the duty free access of Bangladeshi goods to US market. But efforts are on to avail the scope of duty-free access of Bangladeshi goods in the US market under the agreement of TICFA council between Bangladesh and USA, Tipu said.

Responding to another supplementary question of treasury bench member Abdul Mannan, the commerce minister said the government will resume talks with US government about lifting the suspension of GSP facility on Bangladesh items and expressed hope that the government would be able to fix the issue.

The minister also informed that he has met the US ambassador in last week about the GSP asking whether the issue is a political as Bangladesh has fulfilled the 16 conditions imposed by the US for rebuilding the GSP facility. 

More News at EurAsian Times




qatar-saudi qatar-saudi
Featured39 mins ago

Qatar Affirms Its Position On Israel-Palestine Issue; Says Ending Israeli Occupation A Must

Qatar on Sunday said it stands by Palestinians and that the long-standing conflict with Israel should be resolved by addressing...

F-15EX-india F-15EX-india
Featured9 hours ago

No More Rafales! Why Indian Air Force Could Reject Second Batch Of Dassault Rafale Jets?

As the Indian Air Force (IAF) looks to further bolster its aerial fleet after the successful acquisition of French Dassault...

Americas13 hours ago

US To Re-Impose Biting UN Sanctions On Iran Despite Global Objections

The US will reimpose biting UN sanctions on Iran that were removed as part of a 2015 nuclear pact struck...

Featured15 hours ago

Not J-20s, China Could Field Another ‘Stealth Jet’ To Counter US’ F-35s, Indian Rafales

As tensions boil over Taiwan, the US and China have ramped up efforts in the field of defense innovation as...

army-soldiers army-soldiers
Featured15 hours ago

Amid Afghan Peace Talks, Two Pakistan Army Soldiers Ambushed Near Afghanistan Border

 Two Pakistan Army soldiers were killed on Saturday in a clash with suspected militants near the country’s northwestern border with...

Chinese-Military-Base Chinese-Military-Base
Asia Pacific1 day ago

Is China Threatening To Shoot-Down ‘Civilian Airlines’ Operating Over The South China Sea?

China has warned the US after it flew its ‘spy planes’ over the South China Sea several times electronically disguising...

Demonetization-Narendra-Modi Demonetization-Narendra-Modi
Featured1 day ago

Narendra Modi Second Indian Prime Minister To Win Ig Nobel Prize 2020

Indian Prime Minister Narendra Modi has been awarded the Ig Nobel Prize for 2020 for ‘Medical Education’. The award is...

CPEC-Project CPEC-Project
Featured1 day ago

India vs Pakistan: Why Are India’s COVID-19 Cases Inflating While Pakistan Has Almost Overcome The Pandemic?

While India has literally been brought to its knees by the COVID-19 pandemic with almost 100,000 cases reported daily, the...

Sheikh-Mujibur-Rahman-Movie Sheikh-Mujibur-Rahman-Movie
Featured1 day ago

India, Bangladesh, Agree To Enhance Border Patrol, Curb Border Killings

India and Bangladesh on Saturday agreed to launch joint border patrols to curb killings and crimes. in the border region....

Featured1 day ago

Has The Indian Army Captured ‘Pious’ Mount Kailash From China?

An image of the Indian Army soldiers near the sacred Mount Kailash is being shared on social media which is...