Bangladesh signs first Preferential Trade Agreement (PTA) since its independence

  • Bangladesh signed its first Preferential Trade Agreement (PTA) with Bhutan allowing duty free access to a range of goods between the two countries.
  • This is the first PTA Bangladesh has signed with any country in the world.
  • Under the PTA 100 Bangladeshi products will get duty free access to Bhutan. At the same time, 34 items from Bhutan will get duty free access into Bangladesh.
  • Further items can be added in the list later on the basis of discussion between the two countries.
  • Goods like Jute and Jute products, baby clothes and accessories, men’s trousers, jackets and blazers are among the 100 items  from Bangladesh which will get duty free access to     Bhutan.
  • On the other hand fruit juice, natural honey, wheat flour jams, jellies and lime stone, quartzite etc from Bhutan will have duty free access to Bangladesh.

 

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