84 Bangladeshi products duty-free in China from Jan 1
VognoDuut749
access to China from Jan 1
An array of 84 Bangladeshi products can enter China without tariffs from
January 1-only 19 days from now-as the Chinese offer for free market access
comes into effect six months ahead of schedule, reports UNB.
The special tariff concession China providing Bangladesh under the Asia
Pacific Trade Agreement (APTA), previously known as Bangkok Agreement, was
due to be effective from July 1, 2006.
However, Chinese Ministry of Commerce sent a note- verbale to Bangladesh
Embassy in Beijing announcing its decision to advance the date by six
months, said an official announcement Monday.
It said the Bangladesh Embassy in Beijing "sent a note verbale confirming
the acceptance of the note from the Chinese side, which would constitute an
agreement between the two governments in this regard".
The products to enjoy the duty-free access to the Chinese market include
readymade garments, textiles, frozen foods, leather, jute and jute goods,
soap, plastic ware and photo accessories.
Bangladesh is a lone LDC in the six-member regional grouping consisting of
China, India, Republic of Korea, Lao People's Democratic Republic and Sri
Lanka.
The APTA, signed in 1975 as an initiative of ESCAP, is a preferential tariff
arrangement that aims at promoting intra-regional trade through exchange of
mutually agreed concessions by member-countries.
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