Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Sunday, August 19, 2018 09:19:33 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Dhaka seeks DFQF market access to GCC countries

By
13th-Feb-2018       
Comments
Share your thought
Post a comment »
Read all () »

Economic Reporter :
Bangladesh has sought duty-free, quota-free (DFQF) market access to the United Arab Emirates (UAE) and other countries the Gulf Cooperation Council (GCC).
The request was made during the 4th Bangladesh-UAE Joint Commission meeting held in Abu Dhabi February 5-6. State Minister for Finance and Planning MA Mannan and UAE State Minister for Foreign Affairs Dr Anwar Gargash led their respective sides in the meet.
"Bangladesh made the request to UAE as it has been enjoying the duty free and quota free facility in over 38 countries including in EU and Australia," an official at the Economic Relations Division (ERD) said.
In response, the official said, the UAE told Bangladesh to send a proposal to the GCC secretariat through diplomatic channels while seeking UAE support in this regard.
During the meeting, both sides agreed to activate the MoU and establish a Joint Business Council in order to facilitate exchange of business delegations between the two countries and increase the volume of trade.
Asked about the outcome of the Joint Commission meet, State Minister for Finance and Planning MA Mannan told BSS that both the countries have agreed to further boost the two-way trade volume through addressing any barrier if arises.
He also expressed his optimism that UAE would extend support to Bangladesh for getting duty and quota free access of Bangladeshi products into UAE market.
Both sides recognized ICT as a priority sector where opportunities need to be explored and agreed to explore the opportunities of investing in tourism industry.
The ERD official said both sides agreed to increase the volume of trade through diversification and expansion of trade cooperation between the two countries through the exchange of information on trade and investment related topics on a constant basis, organizing exhibition in both countries to promote exports and investment programmes.
The Bangladesh side proposed to update the trade agreement signed in 1984 and explore the areas for further cooperation in the field of trade and commerce. In response, UAE requested Bangladesh to send an amended protocol on the agreement for consideration through diplomatic channels.
UAE also welcomed the pharmaceuticals products of Bangladesh into its market since Bangladesh is exporting quality medicine to more than 120 countries at a very competitive price.
The Bangladesh government will send a delegation to the UAE for consulting the Ministry of Health and to explore ways of facilitating access of Bangladeshi pharmaceutical products.
Besides, both the countries agreed to establish effective liaison between the Bangladesh Investment Development Authority (BIDA) and the equivalent Authority of the UAE to share investment related information, furnish names and addresses of the UAE companies with their areas interest, exchange investment delegation.
The two-way trade between Bangladesh and UAE has increased over the years as Bangladesh exported goods worth $293.04 million to UAE in FY15 against the imports of $838.14 million. In FY06, Bangladesh exported goods worth $39.30 million to UAE against the imports of $400.08 million.
The 3rd Joint Commission meeting between the two countries was held in 2009 in Abu Dhabi after a gap of long 18 years when the 2nd Joint Commission meeting was held in Dhaka in 1991. The maiden Joint Commission meeting was held in 1981 in Abu Dhabi.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Sanctions by USA and European Union are welcome but more effective measures will be needed


IN the latest development, the US Treasury on Friday slapped sanctions on four Myanmar military and police commanders and two army units for involvement in "ethnic cleansing" and other human rights abuses against the country's Rohingya minority. In response to Myanmar's crackdown on the Rohingyas, the sanctions are so far ...

Sports »

Bolt arrives in Australia on football quest


Usain Bolt says he's deadly serious about becoming a professional footballer and plans to show the world what he's capable of after arriving in Australia Saturday for a trial stint with an A-League club.The superstar athlete has been given the chance to prove his worth by the Central Coast Mariners, ...

Entertainment »

Sonali Bendre`s son posts an emotional message


Family and close friends of Bollywood actress Sonali Bendre have come out as the biggest support in her journey of fighting cancer. The actress who has been diagnosed with high-grade cancer is undergoing her treatment in New York. Being a true fighter, Sonali has not shied away from sharing her ...

Entertainment »

Poet Shamsur Rahman's 12th death anniversary observed


Entertainment Desk : The 12th death anniversary of Shamsur Rahman, one of the major poets in modern Bengali literature, was observed on Friday in a befitting manner.Marking the anniversary, different socio-cultural organisations placed wreaths at the grave of the poet at Banani graveyard and arranged Doa Mahfil.Jatiya Kabita Parishad and Kabi ...

City »

BNP Vice-Chairman Advocate Khondkar Mahbub Hossain speaking at a discussion on 'Next National Election Under Interrogation Without Reform of Election Commission' organised by 'Chetona Bangladesh' at the Jatiya Press Club on Saturday.


International »

Ex-CIA directors issue unprecedented Trump condemnation


AFP, Washington :Former CIA directors and another half dozen of America's most senior spies have issued an unprecedented condemnation of President Donald Trump, after his decision to blacklist their colleague John Brennan.In a statement, ex-CIA bosses appointed by Republican and Democratic presidents - including Robert Gates, George Tenet, Porter Goss, ...

Editorial »

US editors slam Trump for exerting power over free press and strength of democracy


THE rebuke of the US President Donald Trump by over 350 US dailies and other media outlets in their editorials on Thursday has come as a coordinated response to Trump's dirty war against the media and in defense of the press freedom. His sustained attack on free media as 'fake ...

Sports »

Serena learned just before Konta loss that half-sister's killer had been freed


Serena Williams says she discovered just minutes before her match against Johanna Konta last month that the man convicted of killing her half-sister had been released on parole.Briton Konta inflicted the worst defeat of Williams' career by winning 6-1 6-0 in the first round of the Silicon Valley Classic in ...

City »

Convenor of Jatiya Oikya Prokriya Dr Kamal Hossain, among others, at a solidarity meeting organised by prokriya at the Jatiya Press Club on Friday demanding unconditional release of students who were arrested during quota reform movement.


Entertainment »

Radhika Apte gears up for her upcoming project in Mumbai


Radhika Apte who has been juggling multiple projects efficiently is in Mumbai currently promoting her upcoming series on an OTT.  The actress has a lot on her plate as she's currently promoting her upcoming Netflix original Ghoul which is her third project with Netflix followed by the success of her ...

Chittagong »

PSC Chairman expresses dissatisfaction


Sarwaruddin, Chattogram Bureau :Chairman of the Parliamentary Standing Committee (PSC) on Ministry of Railway ABM Fazle Karim Chowdhury MP expressed dissatisfaction over the irregularities, corruptions and mismanagement in Railway East Zone . The dissatisfaction over the activities in East Zone office was expressed on Thursday while exchanging views with the ...

International »

Chinese bombers likely training for US strikes: Pentagon


AFP, Washington :Chinese bombers are likely training for strikes against US and allied targets in the Pacific, according to a new Pentagon report that also details how Beijing is transforming its ground forces to "fight and win."The annual report to Congress, released Thursday, highlights China's growing military, economic and diplomatic ...

International »

Ex-Trump aide releases recording of $15,000 job offer to "buy silence"


AFP, Washington  :Former "Apprentice" and White House aide Omarosa Manigault Newman released an audio recording Thursday which appeared to show President Donald Trump's daughter-in-law trying to buy her silence.The disgruntled former Trump champion gave a recording to NBC, featuring Lara Trump-wife of the president's son Eric-saying the offer of a ...

Life »

New cure for migraine


Life Desk  :The first drug to prevent migraine has been approved by European health officials. According to a report in The Guardian, the drug Erenumab will now be examined by English and Scottish health agencies to determine if it is viable to be used by officials of National Health Service. ...

Business & Economy »

Erdogan, Macron vow to foster trade ties


AFP, Ankara :Turkish President Recep Tayyip Erdogan and his French counterpart Emmanuel Macron agreed in a phone call Thursday to foster trade ties, a Turkish presidential source said, after the lira's dramatic fall in the wake of escalating tensions with the US."Both leaders emphasised the importance of fostering economic and ...

 
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