China has offered duty-free access to some 5,000 Bangladeshi products as a goodwill gesture in a significant development in economic ties between the two countries after Prime Minister Sheikh Hasina''s Beijing visit in March this year, a senior Minister said in Dhaka Saturday.
"We are very happy to let you know about the Chinese offer. We expect the development to intensify further the business relations between the two countries," Commerce Minister Faruque Khan told newsmen. He added that the list of products to enjoy the duty-free access include several items of Bangladesh''s main export earning Readymade Garments (RMG) sector.
He said the Chinese offer came in line with an earlier deal reached in the regional business forum Asia Pacific Trade Agreement (APTA) meeting in South Korea in December last year. The announcement came as Dhaka-Beijing economic ties were expected to be strengthened further after the Prime Minister''s maiden China visit in March this year, he added.
Commerce Ministry officials said the Chinese embassy here informed them of the offer for the duty-free access of 4,721 products last week while Beijing did not impose any preconditions for availing the access or wanted no reciprocal action by Bangladesh.
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