China allow 5,161 more bd goods duty free, Indian media smells rat

Chinese govt allow more than 5,000 Bd goods duty free aiming to make two friendly countries trade more equitable.

But different Indian media published report that the objective of the duty free access is to bring Bangladesh in favour of China.

Bangladesh has been long seeking more entry of duty free goods to Chinese market for make the trade imbalance equa.

Bangladesh will enjoy this duty holiday from July 1, according to a press release of Bangladesh’s Ministry of Foreign Affairs (MOFA) issued today.

According to the statement, the MOFA had urged China to provide duty holidays for specific products of Bangladesh as part of economic diplomacy.

On the basis of the request, Tariff Commission of State Council of China had also recently issued a notice in this connection.

Bangladesh will enjoy this facility from China as a member of the Least Developed Country (LDC) grouping.

Bangladesh already enjoys duty free access for 3,095 products under Asia Pacific Trade Agreement (APTA).

Now, at total of 8,256 products of Bangladesh will have duty free access to China market.