First Preferential Trade Agreement signed by Bangladesh
Bangladesh signed its first Preferential Trade Agreement (PTA) with Bhutan allowing duty free access to a range of goods between the two countries. This is the first PTA Bangladesh has signed since its Independence.Under the PTA 100 Bangladeshi products will get duty free access to Bhutan. At the same time, 34 items from Bhutan will get duty free access into Bangladesh. Further items can be added in the list later on the basis of discussion between the two countries. Goods like Jute and Jute products, baby clothes and accessories, men’s trousers, jackets and blazers are among the 100 items from Bangladesh which will get duty free access to Bhutan. On the other hand fruit juice, natural honey, wheat flour jams, jellies and lime stone, quartzite etc from Bhutan will have duty free access to Bangladesh. The agreement was signed between Bangladesh Commerce Minister Tipu Munshi and Bhutan’s Economic Affairs Minister Lyonpo Loknath Sharma in Dhaka. The agreement was signed on the occasion marking the 50 years of diplomatic ties between the two countries.