Kathmandu on its side, China now woos Bangladesh

Amid tensions with India, China offers Bangladesh tariff exemption for 97% of exports from Dhaka


Dhaka: China has provided a huge trade boost to Bangladesh by announcing tariff exemption for 97 per cent of Bangladeshi products effective from July 1.

The decision has come one month after Bangladesh Prime Minister Sheikh Hasina and Chinese President Xi Jinping held a discussion to upgrade their bilateral relations during Covid-19.

The Ministry of Foreign Affairs of Bangladesh announced on Friday that 97 per cent of items would be exempted of Chinese tariffs.

As part of the government’s economic diplomacy and the outcome of exchange of letters between Bangladesh and China, Tariff Commission of the Chinese State Council issued a notice recently on granting zero treatment to 97 per cent of tariff products of Bangladesh, a daily reported, quoting the ministry’s statement.