The Financial Express Bangladesh reports that the Bangladesh government is going to withdraw the entire import duty from 18 major exportable products from Bhutan to boost bilateral trade with the neighbouring country.
As per the report, the South Asian department of the foreign ministry has urged the NBR to take necessary steps to withdraw import duty from the import items following a commitment by Prime Minister Ms Sheikh Hasina during her recent visit to the country.
Mr Nasir Uddin Ahmed chairman of National Board of Revenue said “We will issue an order in this connection after getting directive from the finance minister.”
Presently, the NBR imposes a flat 15% customs duty on import of Bhutanese products.
The items include all kinds of mineral waters, boulders, dolomite, gypsum, limestone, calcium carbonate, ferrosilicon, billets, semi finished products of iron or non-alloy steel.
Source: Steel Guru
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