Bangladesh, Bhutan finalise terms of preferential trade agreement
Published 23 Dec,2020 via The Financial Express - Bangladesh and Bhutan finalised the terms and conditions recently for signing a preferential trade agreement (PTA) to increase bilateral trade.
Under PTAs some select goods enjoy duty benefits from both countries whereas under free trade agreements (FTAs) almost all goods enjoy the same benefits. But both the countries will also lose import and export revenue.
After signing of the deal, Bangladesh will get duty-free benefit on export of 100 different goods, including garments, processed agricultural goods and electronics. On the other hand, Bangladesh agreed to provide duty benefit to 34 Bhutanese products including fruits.
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The Financial Express