Withdraw anti-dumping duty on hydrogen peroxide: Commerce minister to Pakistan
Image: Collected
Bangladesh Commerce Minister Tipu Munshi today demanded that Pakistan withdraws the anti-dumping duty about export of hydrogen peroxide for greater bilateral trade between the two countries.
Imposing anti-dumping duty in any product acts while a deterrent in raising bilateral trade, the minister said and urged to get forging bilateral trade dialogues beneath the Joint Financial Commission (JEC) to remove trade barriers to improve trade between the two countries.
The minister said native exporters have been shipping a whole lot of tea, pharmaceuticals, ready-made garment items, shoes, leather and leather goods and jute and jute goods to Pakistan as the demand of these Bangladeshi-made goods is saturated in Pakistan, according to a statement from the commerce ministry.
Removing trade barriers can unlock the great business potential between your two countries, the minister said at a gathering at his secretariat office in Dhaka when Imran Ahmed Siddiqui, Pakistani high commissioner in Bangladesh called on the commerce minister.
The large commissioner said several Pakistani government offices use Bangladeshi-made ceramic items. Nevertheless, the Pakistani envoy likewise said you will find a large amount of demand for Bangladeshi-manufactured garment products, pharmaceuticals, leather and household leather things and jute and jute goods in Pakistan.
Consequently, the trade barriers ought to be removed through debate to improve the bilateral trade between your two countries, he said.
Siddiqui also suggested holding a single-country good of Bangladeshi goods in Pakistan for wider understanding of the Bangladeshi products in Pakistan.
He as well emphasised on positioning the ninth JEC between Bangladesh and Pakistan.
In the 2019-20 fiscal year, Bangladesh exported goods worth $50.54million and imported goods worth $543.90million from Pakistan, according to info from the commerce ministry.
Source: https://www.thedailystar.net
Previous Story
- Unemployed Supertankers Are Going to Get Junked on...
- Bangladesh an emerging big monetary force, says Iranian...
- Pakistan looks to improve bilateral trade
- If China no more really wants to be...
- Female participation in non-agri sector: Bangladesh better away...
- OTT streaming wars can further intensify in 2021:...
- How Bangladesh can benefit from China’s economic recovery
- Remittance more likely to grow 8 percent