Published his HS code or list.
Bangladesh is going to get this facility in almost all products including garments. Earlier, when the news of China's trade facilitation was spread, the Indian media referred to it as a charity. In protest, Defres published a special article on his website calling India a charity. Which is viral. Comes in various national
newspapers. Then came the comment from the foreign minister.
Our position is clear. If he makes my country small, he is no exception. No compromise. Bangladesh in our blood. China-Bangladesh trade will increase further.
China has given duty-free and quota-free trade facilities to Bangladesh in 98 percent or 6,256 exports. This information was given by the Ministry of
Commerce till the end of last June. The trade facility was supposed to be effective from July 1. This time the list of those products was published.
The list of products was published on the
website of the Ministry of Commerce on Sunday (October 11). [Full list of products]
China is Bangladesh's largest trading partner. In the 2018-19 financial year, the amount of imports from China to
Bangladesh was about 12 billion US dollars, in contrast to the amount of exports of Bangladesh was only below 1 billion US dollars. Referring to this information, it was said in the press release that the overall direction of
Commerce Minister Tipu Munshi and Commerce Secretary Dr. with the aim of reducing trade inequality with China by increasing Bangladesh's exports. Md. The Ministry of Commerce took the initiative
under the leadership of Zafar Uddin. To this end, the Ministry of Commerce signed a letter of exchange with China with the approval of the Prime Minister.
Earlier, the Commerce Ministry said that
after a long negotiation, on June 17, China issued an order to provide unconditional access to 98 per cent of Bangladesh's products, a total of 8,256 HScode duty-free quota-free access. As a result, all potential products of Bangladesh will get duty-free quota-free
access to the Chinese market, which will be effective from July 1. As China provides this facility unilaterally or unilaterally to the LDCs under the World Trade Organization (WTO), Bangladesh will not have to make any concessions in return.
