Bangladesh Tariff Commission (Amendment) Bill passed in JS
Published : Wednesday, 22 January, 2020 at 6:59 PM Count : 135
The Bangladesh Tariff Commission (Amendment) Bill, 2020 was passed on Wednesday in the Jatiya Sangsad in an amended form by the parliamentary standing committee with a view to cope the country’s trade with the increasing international trade.
Commerce Minister Tipu Munshi moved the bill in the House which was unanimously passed by voice votes with Speaker Dr Shirin Sharmin Chaudhury in the chair.
Piloting the bill, the commerce minister said the proposed bill will replace Bangladesh Tariff Commission Act 1992.
The amended act will help impose harmonized system code for the import and export products or services and vigilance of foreign trade activities, he said.
Besides, the commission will take necessary steps for protecting the local industries as per anti-dumping, counter-veiling and safeguard measures, observation and revise of the international and internal market price of the essentials and to carry out research and study for the interest of the local industries and commerce, according to the bill.
Earlier, the parliamentary standing committee’s report on the Bangladesh Tariff Commission (Amendment) Bill, 2019 was placed in the Jatiya Sangsad on January 14, reports BSS.