07 Sep '11, 3am

Apparel get duty-free entry to India: By Sajjadur Rahman INDIA - India has finally given Bangladesh an opportuni...

Apparel get duty-free entry to India: By Sajjadur Rahman INDIA - India has finally given Bangladesh an opportuni...

The Daily Star Wednesday, Sep 07, 2011 By Sajjadur Rahman INDIA - India has finally given Bangladesh an opportunity to reduce the trade deficit of more than US$4.5 billion (S$5.5 billion) by allowing 46 Bangladeshi apparel items duty-free access to the Indian market. The decision came after a summit of the prime ministers of the two countries in Dhaka yesterday. "Our export to India will double in a few years, if it resolves the issue of non-tariff barriers," Commerce Minister Faruk Khan told reporters. Bangladesh, which presently enjoys duty-free access for exporting 10 million pieces of garments to India a year, had sought duty-free entry of 61 items, including 47 apparel products, from India. The items that got excluded are mostly fruits and vegetables. With this, India's negative list of products will come down to 434 from 480. Analysts and exporters predict that this ...

Full article: http://www.asiaone.com/News/Latest%2BNews/Asia/Story/A1St...

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