The preferential Trade Agreement (PTA) between Bangladesh and Bhutan will give duty-free market access to more products from both countries, coming into effect on 1 July 2022. However, the agreement will provide duty-free access to 10 products from Bangladesh and the already 90 existing products. So, the article is about Bangladesh-Bhutan PTA Gives Access to Duty-free Market to More Products.
Meanwhile, 16 more Bhutanese products would enjoy duty-free export to Bangladesh along with the existing 18 products. Goods that get duty-free to Bangladesh include milk, natural honey, wheat or meslin flour, homogenized preparations of jams, fruit jellies, marmalades, food preparations of soybeans, mineral water, wheat bran, quartzite, cement clinker, portland cement, soap, ferrosilicon, bars, and rods of iron or non-alloy steel, wooden particle boards, and wooden furniture.
Besides, goods from Bangladesh that Bhutan would give duty-free access include pineapple juice, guava juice, orange juice, green tea, waters including mineral and aerated, particle board, plywood, men or boy jackets and blazers, men or boy trousers and shorts, and baby garments and clothing.
The economic affairs ministry reports that the PTA aims to promote and expand bilateral trade between the two countries by implementing appropriate measures, including reducing or eliminating trade barriers. The ministry also urged the private sector to familiarise the favorable market opportunities provided by the PTA. The Third Parliament of Bhutan, during its sixth session in 2021, has ratified the PTA between Bhutan and Bangladesh.
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