The government yesterday initiated talks to sign the Economic Partnership Agreement (EPA) with Japan in order to retain the duty benefit after Bangladesh's scheduled graduation to a developing nation in 2026.
State minister for commerce officially announced commencement of the negotiations.
By initiating negotiations for EPA, Bangladesh aims to ensure continuity in trade benefits,.
Bangladesh should make the most of the LDC-linked trade benefits during the extended three-year period agreed by the member countries of the World Trade Organisation (WTO), said experts yesterday.
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Formal negotiations have started for the bilateral economic partnership agreement (EPA) between Bangladesh and Japan. With the signing of the EPA with Japan, export facilities will continue to be tax free, said Commerce Secretary Tapan Kanti Ghosh, following a press conference organised by the Ministry of Commerce today (12 March). Also, an 18% export duty will be imposed