Bangladesh got 97 percent duty free facility for 5,000 products in China

Bangladesh has got 97 percent duty-free access to 5,161 more products in the Chinese market. Bangladesh will get this facility from July 1 this year. And it will remain in force till 2024. The foreign ministry said in a statement in Dhaka on Friday.

In a video message to the media this afternoon, Bangladesh's Ambassador to Beijing Mahbub Uz Zaman said that Bangladesh had sent a letter requesting duty-free access to the Chinese market. The Tariff Commission of the State Council of China has issued a notice on June 18 to provide this facility to Bangladesh.

Ambassador Mahbub Uz Zaman said that under the Asia-Pacific Trade Agreement or the Bangkok Agreement, Bangladesh already gets duty-free access to a number of products. As a result of getting this new facility, the scope of the product list of Bangladesh will increase to 8,256.

According to a statement from the Ministry of Foreign Affairs, Bangladesh already receives duty-free access to 3,095 products from China under the APT. Out of that facility, 97 percent duty free facility was given. As a result, 8,256 Bangladeshi products came under the duty-free facility in the Chinese market under the duty-free facility.

Category and Tags
More stories by
Muhammad Yunus: A Compelling Contender for the 2023 Bangladesh Presidential Election

Bangladesh is in need of a president who can manage complicated issues while promoting a sustainable economy and social advancement as the country gears up for its presidential election in 2023. In this situation, Muhammad Yunus' candidacy stands out

Pathao receives authorization to offer payment services

The subsidiary is permitted by the license to provide payment services in Bangladesh under the trade name "Pathao Pay."The announcement that Pathao Pay would be granted a PSP license...

Apple will begin disbursing $500 million in the iPhone Slowdown Lawsuit.

The reimbursement for iPhone users who filed a class action lawsuit against Apple, claiming the company purposefully slowed down its older models to encourage customers to switch to the newest model, will now be made. As revealed la

Telegram's prohibition in Iraq is lifted after the messaging service complied with authorities

After blocking the chat app due to security concerns, Iraq's telecom ministry lifted the ban on Telegram over the weekend.According to a statement that was translated, the ministry said that the ban was lifted as a result of Telegram's "response of t

PayPal develops a dollar-backed stablecoin, raising its stock price.

PayPal announced the introduction of a US dollar stablecoin on Monday, making it the first major financial technology corporation to embrace digital currencies for payments and trans...

Follow Business Habit on Facebook, Twitter