Wednesday | 15 January 2025 | Reg No- 06
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Wednesday | 15 January 2025 | Epaper

Australia to continue duty, quota-free benefits for BD products

Published : Sunday, 1 December, 2024 at 12:00 AM  Count : 328
Business Correspondent
The third meeting of the 'Joint Working Group' between Bangladesh and Australia held in Canberra on Wednesday reiterated that the latter will continue to provide duty and quota-free benefits for the former even in the post LDC era.

Bangladeshi is due graduate from least developed country (LDC) to developing coutry in 2026.

Australia has expressed its keen interest in importing summer fruits from Bangladesh.

The Australian representative expressed their willingness about the imports during the third meeting of the 'Joint Working Group' between the two countries held in Canberra yesterday (27 November), reads a press release.

 At the meeting, Australia's Trade and Investment Deputy Secretary George Mina reiterated the decision to continue duty and quota-free benefits for Bangladeshi products even after transitioning from the LDC list in 2026.

The Bangladesh delegation was led by Md Abdur Rahim Khan, additional secretary of the Ministry of Commerce, while the Australian delegation was headed by Sarah Storey, first assistant secretary of the Australian Department of Foreign Affairs.

The Bangladesh delegation also called upon Australia to invest in the information and technology sector.

The discussions also highlighted the importance of enhancing mutual cooperation in agriculture. 

Australia expressed interest in supplying wool and cotton for Bangladesh's garment industry. 

Additionally, Australia's support was sought for training and technical assistance in technical education and the development of skilled manpower. 

They also expressed optimism about the potential for direct air travel between the two countries in the future.

Officials from the Bangladesh High Commission in Canberra, along with representatives from the Ministry of Foreign Affairs, Agriculture, Fisheries, and Livestock of Bangladesh, participated in the meeting. Additionally, the Australian High Commissioner to Bangladesh joined the session virtually.

The fourth meeting of the Joint Working Group is scheduled to take place in Dhaka at the same time next year.



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