India assured Dhaka of exempting some Bangladeshi products from import duty.
According to commerce minister, 61 items including textiles and leather goods would be exempted from taxes for entry into India, reports
‘India has assured us that it would agree to the request very soon,’ he added.
Faruk Khan hinted that an official announcement of India granting duty-free access of more Bangladeshi products to Indian market might come shortly, probably during the visit of Indian Prime Minister Manmohan Singh to Dhaka at the beginning of next year, reports UNB.
47 of the items were readymade garment products
Reducing the number of Bangladeshi items from India’s ‘negative’ list has been under discussion for quite a long time. India has provided tax-free entrance for 8 million pieces of Bangladeshi readymade garments as a part of the process.
Despite all the efforts the trade difference between the two countries is huge.
Bangladesh has exported goods worth $304 million to India and imported goods valued at $3.213 billion in 2009-10 fiscal year.