Bangladesh courting Oman to access GCC market
Published 15 Sep,2021 via The Financial Express - Bangladesh has requested Oman to persuade the Gulf Cooperation Council (GCC) for providing duty-free and quota-free market access to Bangladeshi products, foreign ministry said on Tuesday.
The GCC is the coalition of six Gulf countries including Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain and Oman.
"As a GCC member, Oman applies 5 per cent customs duty for rest of the world including Bangladesh. Although Oman individually can't offer any tariff preference to Bangladesh, Oman can pursue GCC for DFQF (duty-free and quota-free) access of some of our products to Oman and GCC market as well," said Foreign Minister Dr AK Abdul Momen, while addressing a virtual event on Monday evening.
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The Financial Express