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Bangladesh: Advancing Duty-Free Access to China

Bangladesh: Advancing Duty-Free Access to China

Write: Okko [2011-05-20]

Premier Wen Jiabao announced during his official visit that 84 products from Bangladesh will be granted duty-free access to Chinese markets starting now.

China was expected to relax duties from July 2006, but competitive pressures and duty-free access to India has led to rescheduling of date by almost six months.

The 84 goods will include garments, textiles, frozen foods, leather, jute, jute goods and plastics.

This action under Asia Pacific Trade Agreement (APTA) is an attempt to increase trade with Bangladesh.

Bangladesh is China? third largest trade partner in South Asia.

Jiabao assured that China would import Bangladeshi products in substantial quantities and also promote investment in Bangladesh.

APTA member countries include Bangladesh, China, India, Republic of Korea, Laos and Sri Lanka.