Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, January 17, 2019 08:25:56 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

import tax on fire gadgets to be waived

By bdnews24.com
30th-Apr-2014       
Comments
Share your thought
Post a comment »
Read all () »

Bangladesh has announced it is eliminating duty on the import of fire-safety equipment in the first US-Bangladesh Ticfa meeting in Dhaka on Monday.
Assistant US Trade Representative for South Asia Michael Delaney, who led the US side, described the meeting at a joint press briefing as "very productive" and "very pragmatic".
He said the promise on which Ticfa was based was "100 percent" intact.
Dhaka and Washington singed the Trade and Investment Cooperation Forum Agreement (TICFA) on Nov 25 last year, effective from Jan 13 this year, following more than a decade of talks.
Commerce Secretary Mahbub Ahmed led the Bangladesh side.
The two sides ironed out issues that Delaney said "inhibit" trade and investment. He said Ticfa was aimed at removing obstacles that stand in the way of boosting two-way trade.
Delaney said the meeting gave them better understanding that he believed "would be a good foundation to solve problems on the way". "We learnt a lot. Our delegation learnt a lot".
He said they were gratified to hear Bangladesh's announcement that it was going to eliminate tariff on equipment necessary to improve fire safety in the ready-made clothes industry.
The Commerce Secretary said they had reviewed bilateral trade and investment situation, GSP action plans, and discussed market access of goods and services, US investment in Bangladesh, transfer of technology, implementation of the Bali package and progress of the Istanbul plan of action.
He said the US side raised the issues of tariff on fire, electricity and structural safety equipment, public tender specifications, double fumigation of cotton from the US, diabetes drugs, currency issue, delayed payment, intellectual property rights and regional cooperation.
He said they had also discussed labour affairs and women employment raised by the US delegation.
He, however, did not specify outcome of all the issues the two sides raised, but maintained that the discussion was "very fruitful".
"We discussed a wide range of trade and investment issues and ways to boost US-Bangladesh trade and investment," the secretary said in the crowded press briefing.
Delaney said they basically tried to look at where they were right now in terms of implementing GSP Action Plan and recommended that more works need to be done.
He specified that implementation of the amended labour law and full-fledged factory safety inspection issues remained unfulfilled. But the meeting was "highly successful". "It's a great start. We look forward to working together."
The meeting was held amid scepticism about the US-Bangladesh relations particularly after the Jan 5 elections that US did not find 'credible'.
The US suspended GSP privilege that some of Bangladesh's products were enjoying its market in June last year after the Rana Plaza disaster.
The US administration has been maintaining that the decision was not to penalise Bangladesh, rather to send a strong signal about the urgent need to address factory safety concerns.
But Bangladesh's ambassador to Washington Akramul Qader recently said the US decision did not help the clothing industry recover from the shocks of Rana Plaza and Tazreen Fashions fire, rather "put the workforce into jeopardy".

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Ensure ideal working atmosphere for women


THE bike of Shahanaj Akhter, who became a social media sensation recently for her struggle to maintain her family by offering ridesharing services, was recovered from Raghunathpur area in Narayanganj on early Wednesday hours after it was reportedly stolen. Police arrested a Masters student in English Department of Tejgaon College ...

Football »

Struggling Fulham sign Babel from Besiktas


Fulham signed former Liverpool forward Ryan Babel from Besiktas on Tuesday as the Premier League strugglers bid to bolster their spluttering attack and avoid relegation.Netherlands international Babel has joined Claudio Ranieri's side, who sit 19th and five points from safety, until the end of the season and could make his ...

Football »

Awami League President and Prime Minister Sheikh Hasina receiving a football ( as a souvenir) from Senior Vice-President of Bangladesh Football Federation (BFF) Abdus Salam Murshedy, MP, when a delegation of BFF led by its President Kazi Md Salahuddin met her at the Gono Bhaban on Tuesday night.


International »

Brexit deadline could be pushed back on UK request: French minister


AFP, Paris :The European Union could push back the looming March 29 Brexit deadline if London made such a request, France's Europe Minister Nathalie Loiseau said on Wednesday."At the time of speaking, it's just a theory because Mrs May has never asked for it and neither has anyone in her ...

International »

Australian towns among hottest spots on Earth as heatwave sizzles


Australian towns were among the hottest places on Earth this week as a severe heatwave hit the continent's southeast, with forecasters warning of more record-breaking temperatures before the weekend.The past four days were among the country's top 10 warmest on record, with temperatures nearing 50 degrees Celsius (122 degrees Fahrenheit) ...

Entertainment »

Katrina Kaif disagrees with the term ‘item song’


Katrina Kaif has come a long way in the 16 years she has been a Hindi film actor - from being known mainly for her dancing ability, to her acting talent being proved by films such as New York, Rajneeti and Zero. On how this journey has been so far, ...

Editorial »

Don't waste public money in the name of development projects


A Bridge built 22 years ago over a canal at Chilarkandi village in Moulvibazar's Kulaura upazila remains unused as it has no approach roads. The incident may be cited as a bright example of lack of coordination among the relevant departments and total waste of public money. The 12-metre long ...

Sports »

Ukraine's Dayana Yastremska (left) is congratulated by Australia's Samantha Stosur after winning their first round match at the Australian Open tennis championships in Melbourne, Australia on Tuesday.


Sports »

Serena Williams returns to Australian Open with emphatic win


AP, Melbourne :Serena Williams jumped straight back in where she left off at the Australian Open, returning for the first time since winning the title in 2017 when she was pregnant with her first child.Williams conceded only five points in the first set and was completely clinical in a 6-0, ...

International »

Iran satellite, that US was wary about, fails to reach orbit


AFP, Tehran  :Iran launched a satellite criticised by the United States on Tuesday but it failed to reach orbit, state television quoted the telecommunications minister as saying."The Payam satellite was successfully launched this morning with the Basir satellite carrier. But the satellite unfortunately failed to be placed in orbit in ...

International »

Model claiming Trump's 'Russia secret' goes to trial over "sex scandal"


AFP, Pattaya :A Belarusian model who sensationally claimed she had proof of Russian efforts to help Donald Trump win office appeared in court Tuesday for the expected start of her trial over running a "sex training course" in Thailand.Anastasia Vashukevich, known by her pen name Nastya Rybka, has been held ...

City »

Nepalese envoy makes farewell call on PM


Outgoing ambassador of Nepal to Bangladesh Prof. Dr. Chop Lal Bhusal and his spouse made a farewell call on Prime Minister Sheikh Hasina at her office here on Tuesday.  Dr Bhusal thanked the Prime Minister for her government's support in discharging his duties in Bangladesh. He particularly recalled the support ...

Entertainment »

Apurba, Safa Kabir in Nazia Hasan’s story


Sheikh Arif Bulbon :Safa Kabir and Apurba worked together as a pair in Valentine’s Day special play titled Tumi Bolley. Story of the play was written by Apurba’s wife Nazia Hasan Adity for the first time.Apurba and Safa played in roles of Aayan and Hridita respectively in this romantic story ...

Cricket »

Olivier sparks South Africa to sweep of Pakistan


Duanne Olivier sparked a Pakistan collapse as South Africa completed a series clean sweep with a 107-run win on the fourth day of the third and final Test at the Wanderers Stadium on Monday.Starting the day on 153 for three, Pakistan lost their remaining seven wickets for 120 runs to ...

Sports »

Emotional Wozniacki launches Australian Open defence


Caroline Wozniacki fought back tears after launching her Australian Open defence with a convincing 6-3, 6-4 win over Alison Van Uytvanck of Belgium on Monday.The third seed won her maiden Slam at Melbourne Park last year but has since been diagnosed with rheumatoid arthritis, a debilitating auto-immune disease that has ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news