India Opens Tax-Free Doors For 46 Bangladesh Costumes

2011/9/9 9:07:00 34

46 Kinds Of Bangladesh Clothing Tax Exemption In India

India has finally opened the door to allow 46 Bangladesh garments to be duty-free into India.

After the summit meeting between the two prime ministers, the India government made the above decision.

This will help

The People's Republic of Bangladesh

Reducing the trade deficit with India and pave the way for India to become Bangladesh's third largest export destination for clothing, India will be next only to the United States and the European Union.

Bangladesh clothing products are now subject to tariff free entry into the EU and some Asian countries, including South Korea and China.

At present, Bangladesh has 10 million garments every year to enter India market with zero tariff. Bangladesh once asked to cancel 61 products from 480 sensitive lists in India.

Most of them are clothing products.

Bangladesh's zero tariff clothing imports into India's $3 billion clothing market, due to low Bangladesh.

Labor cost

India will become a huge market in Bangladesh.

According to the requirements of Bangladesh's garment industry, India exports a lot of raw materials, so the trade between India and Bangladesh is also expected to increase.

India is the largest in Bangladesh.

Trading partner

。

In 2009-10, Bangladesh imported $3 billion 213 million 700 thousand worth of goods from India, while exports to India amounted to only 304 million 630 thousand dollars.