Bangladesh seeks duty-free access for RMG to Russia

Bangladesh seeks duty-free access for RMG to Russia

Commerce minister Tofail Ahmed speaks with visiting deputy agriculture minister of Russia Levin Sergey Lvovich at Bangladesh Secretariat on Sunday. — PDI photo

Commerce minister Tofail Ahmed on Sunday sought duty- free market access of all Bangladeshi export products, including readymade garments, to Russia to increase trade volume between the two countries.
Russia has given duty-free, quota-free market access of 71 Bangladeshi products but the country’s main export product RMG is not included in the list.
‘I have requested Russia to give duty-free, quota-free market access of all Bangladeshi export products, including RMG, as per the decision of the ministerial conference of World Trade Organisation,’ Tofail told reporters after a meeting with Russia’s deputy agriculture minister Levin Sergey Lvovich at Bangladesh Secretariat.

Tofail said that Bangladesh had signed a memorandum of grasp to be a member of Eurasian Economic Commission and with a bit of luck Bangladesh would achieve the membership and Russia would grant duty-free market get entry to like European Union.
The commerce minister stated that Bangladesh exported potato to Russia and thinking about the demand of Russia, it ought to be the doable market for Bangladeshi potato.
‘We discussed a lot of things which include political, financial and bilateral alternate family members between the two countries,’ Lvovich told reporters.
Replying to a question, the Russian minister said that the two international locations had been working intently to extend the balance of trade.
‘I do consider that the issues related to opening letter of credit score for export and import business would be resolved shortly,’ Lvovich said.
The Russian deputy minister sought aid from Bangladesh to be the host country of World Expo 2025.
Commerce minister Tofail Ahmed stated that Russia’s request concerning World Expo 2025 would be in consideration as the united states is a appropriate pal of Bangladesh in view that the liberation was once in 1971.
He stated that a complete of four international locations — Russia, France, Azerbaijan and Japan — are attempting to be the host of World Expo 2025.
The match takes region in each five years and the next model would be held at Dubai in 2020, the commerce minister added. two