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Published on Tuesday, 06 October 2009

Bangladesh seeks lower RMG tariff for US market

Written by Stacey Dove

Bangladesh will push the US government to offer a lower tariff or similar duty benefits like Sri Lanka and Pakistan under World Trade Organisation (WTO) rules, said Mujibur Rahman, chairman of the Bangladesh Tariff Commission (BTC).

The Daily Star reported that although Bangladesh is a least developed country (LDC), it will seek the benefits, as it fears to lose competitiveness to developing Sri Lanka and Pakistan whom are already getting privileges from the US for their embattled political situation. Discussions are running to bring down the tariff rates to five percent for five selected garment items in Sri Lanka and Pakistan within five years.