Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Tuesday, July 16, 2019 02:53:55 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

4th round TICFA meet amid discord in bilateral ties

BD team leaves for Washington

By
11th-Sep-2018       
Comments
Share your thought
Post a comment »
Read all () »

Special Correspondent  :
A government trade delegation left for the USA on Monday night to attend the fourth round of the Trade and Investment Cooperation Forum Agreement (TICFA) Council meeting to be held on September 13 in Washington. The meeting is going to be held at a time when several issues, including suspension  of GSP facilities and labour rights in local garment sector, have created discord in the Bangladesh-US bilateral relations.
Commerce Secretary Shubhashish Bose will lead Bangladesh side in the meeting while the US side will be led by assistant US Trade representative for South and Central Asian Affairs Mark Linscott.
"The issues of mutual economic cooperation and engagement covered under the TICFA deal will be focus on discussion," Shubhashish Bose told The New Nation before departing Dhaka.  He said the Bangladesh side will raise the issue of market access of local products in the US market, export tariff reforms, US investment in local economic zones, technology transfer and trade related capacity building and the TFA (Trade Facilitation Agreement) implementation assistance.
Bangladeshi exporters are the highest tariff payers among the 232 exporting nations to the US as the North American country has imposed substantial import taxes on apparel and footwear. It exported goods worth $6.0 billion in the US market in the past fiscal year (2017-18) and ready-made garments, footwear and headgear covered 95 per cent of the total export goods. The US imposed an average 15.2 per cent duty and tariff of the value of all Bangladeshi shipments.
Shubhashish Bose said that Bangladesh side would raise the issue of tariff rationalization of Bangladeshi and ethical buying practice by American buyers at the meeting considering the latest development in local garment industry.
The cumulative US investment in Bangladesh reached US$ 3.3 billion in 2017.
The US side imposed interest on market access and investment issues, customs and supplementary duties, double fumigation requirement for US Cotton, WTO issues and labour update.      
Bangladesh and USA signed the TICFA agreement on 25 November 2013. The first TICFA Council meeting was held in April 2014 in Dhaka, the second in November 2015 in Washington and the third in May 2017 in Dhaka. 

Tariff
Add Rate

News Archive

Inside The New Nation

Cricket »

Cricket World Cup team of the tournament


England won the World Cup for the first time after beating New Zealand in Sunday's thrilling final at Lord's, bringing the curtain down on a dramatic event featuring some superb individual performances.AFP Sport names its team of the tournament:Rohit Sharma (India)The 32-year-old emerged as the tournament's star batsman, making history ...

Cricket »

I will be apologising for rest of my life - Stokes on overthrows drama


Ben Stokes has been saying sorry a lot lately. His latest apology was to the people of New Zealand for one of the most outrageous sporting flukes that contributed to England winning the Cricket World Cup at the expense of the country of his birth.Stokes had already broken New Zealand ...

International »

Iran tanker will be freed after guarantees, says Britain


British foreign secretary Jeremy Hunt sought to ease tensions with Iran on Saturday, saying a tanker held by Gibraltar would be released if Tehran guaranteed it was not heading to Syria.He said he had a "constructive call" with his Iranian counterpart Mohammad Javad Zarif, who he said assured him that ...

Entertainment »

Deepika’s Veronica stays etched; shares sneak peeks as Cocktail turns seven


Bollywood’s leading lady Deepika Padukone gave an electrifying performance in one of her most strongly essayed characters- Veronica which stays as one of her most memorable characters. As Cocktail clocks seven years today, the actress took to social media to give a shout-out to one of her most rebellious characters ...

Cricket »

Mashrafe begins practice amid concern over his Sri Lanka tour


Amid the widespread apprehension over his Sri Lanka tour following a hamstring injury that kept him at bay throughout the World Cup, Bangladesh captain Mashrafe Bin Mortaza began practice at the Sher-e-Bangla National Cricket Stadium on Sunday.He was seen spending busy time in gymnasium and latter running at the Stadium, ...

Editorial »

Lee Nak-yeon's visit to strengthen Dhaka -Seoul ties


THE official bilateral talks between Bangladesh and South Korea held at the Prime Minister's Office in Dhaka on Sunday. Prime Minister Sheikh Hasina and her South Korean counterpart Lee Nak-yeon led their respective sides. After the talks, a number of bilateral instruments on trade, investment and cultural fronts were signed. ...

International »

Israel threatens 'crushing' response to any Hezbollah strike


AFP, Jerusalem :Israeli Prime Minister Benjamin Netanyahu on Sunday warned the head of Lebanon's Tehran-backed Hezbollah that "crushing" retaliation would follow any attack, after its leader said the group's rockets could reach Tel Aviv."Over the weekend we heard (Hassan) Nasrallah's boasting about his attack plans," he said at the start ...

Entertainment »

Nishita Barua`s new songs


Sheikh Arif Bulbon :Anybody can identify the voice of Nishita Barua by virtue of her vocal. It is really a matter for a singer to introduce herself by her ‘signature voice.’ Nishita has been getting positive response from the listeners from the beginning of her career in music. With her ...

Cricket »

A look at the 11 previous Cricket World Cup finals


AP, Dhaka :A look at the previous 11 finals of the Cricket World Cup:1975 LondonFinal: West Indies def. Australia by 17 runsCaptain Clive Lloyd and Viv Richards dominated the pace attack of Dennis Lillee and Jeff Thomson.Made to bat first, Lloyd went to the middle with his side in trouble ...

Sports »

Chinese divers plunder 10-metre Synchronize World Title


AFP, Gwangju :China's teenage diving sensation Lian Junjie helped retain the mixed 10-metre Synchronize World crown by partnering Si Yajie to a crushing victory in Saturday's final in Gwangju.The 18-year-old successfully defended the title he won with Rio Olympic champion Ren Qian in Budapest two years ago as he and ...

Editorial »

Flood control policy needed in an urgent basis


THE incessant rainfalls for the last couple of days have caused floods in different parts of the country stranding thousands of people. Newspaper reports said floods have already struck 10 districts. Many other areas are feared to be affected over the next week which are not considered to be 'flood ...

International »

US House votes to curb Trump powers to start Iran war


The US House of Representatives voted Friday to restrict President Donald Trump's ability to attack Iran, voicing fear that his hawkish policies are pushing toward a needless war.The Democratic-led House approved an amendment on a broad defense bill that would prohibit funding for military operations against Iran unless they are ...

International »

Istanbul's new mayor faces stiff road ahead after landslide win


AFP, Istanbul :Turkey's main opposition scored a major blow against President Recep Tayyip Erdogan last month when it won control of Istanbul, but now faces a wounded government reluctant to relinquish power.With Erdogan expected to stay in office until at least 2023, the new mayor of Istanbul, Ekrem Imamoglu of ...

City »

Former Vice-Chancellor of Dhaka University Prof Emajuddin Ahmed speaking at the hunger strike programme organised by Khaleda Zia Mukti Ainjibi Parishad in front of the Jatiya Press Club on Saturday demanding release of BNP Chief Begum Khaleda Zia and national election under non-partisan government.


Entertainment »

Haimanti Sukla teams up with Samarjit Roy


Entertainment Desk :The song was written and composed by Samarjit, and the singers recorded it at a studio in Kolkata Bangladeshi singer Samarjit Roy has performed a duet with legendary Indian singer Haimanti Sukla, which is set to be released today.   The song, titled Tumi bhorer pakhir moto, will be released ...

 
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