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Bangladesh to sign duty-free readymade garments export
deal with India |
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15:14, August 29, 2007 |
Bangladesh will sign a deal with India on duty-free export of eight million pieces of Bangladeshi readymade garments (RMG) to India annually, local newspaper The Daily Star reported Wednesday.
A meeting of the country's council of advisers of Tuesday approved a proposal for signing the Memorandum of Understanding on duty-free import of the RMG products by Indian government through Tariff Rate Quota (TRQ) system under the purview of the South Asia Free Trade Agreement (SAFTA).
The SAFTA was signed on Jan. 6, 2004 during the 12th South Asian Association for Regional Cooperation (SAARC) Summit held at Pakistani capital Islamabad.
Source: Xinhua
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