Bangladesh to seek duty waiver for garment exports to US
Bangladesh will press for duty privileges for garment exports to the US market, at a WTO meeting in Indonesia in December.
The US allowed duty free access to 97 percent of Bangladeshi products in line with the WTO decision taken at the fifth ministerial meeting held in Hong Kong in 2005, except garments, which is the biggest export item.
Bangladesh will now demand duty waiver for garments at the ninth WTO Ministerial Conference scheduled for December 3-6 in Bali.
In line with the 2005 decision, many developed and developing nations allowed the LDCs duty-free access for garment exports to their markets.
The commerce ministry last week sat with business leaders, garment makers and exporters and private sector representatives at a preparatory meeting for the upcoming ministerial conference.
At the WTO (World Trade Organisation), Bangladesh will also propose for ensuring simple and transparent rules of origin for duty-free market access, the commerce ministry said in a statement.