Saturday, September 3, 2011

India to allow Bangladesh garments duty-free access

India plans to delete 48 apparel items from its sensitive list to allow Bangladesh garment sector duty-free access to Indian market.This will allow Bangladesh's garment industry, which accounts for 80% of the country's total manufacturing, duty-free access into India, the Economic Times says.

Bangladesh wants India to remove 61 items, including 48 readymade garments, from the list of protected goods.

The Economic Times says Prime Minister Manmohan Singh and chief ministers of eastern and northeastern states will push for a thaw in relations with Bangladesh by talking trade next week in Dhaka.

"We are considering Bangladesh's request of deleting 48 apparel items from the sensitive list," a commerce department official was quoted by Economic Times as having said.

Bangladesh wants several other things to be scrapped from the list, including natural rubber, toilet tissue stock, sanitary napkins and paper or paperboard labels. Some of these might continue to remain on the list.

News Source: UNB

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