Bangladesh Textiles And Garments Have Been Granted Tariff Free Entry To Malaysia Discount.
About 300 Bangladesh products have been obtained.
Tariff free
Preferential access to Malaysia market.
Malaysia is the largest tourist shopping center in Asia. In order to have a place in the world map, Dhaka Export Promotion Council (EPB) officials announced that the Malaysia government had abolished tariffs on Bangladesh's imports.
Clothing, blankets, suits, tablecloths,
Children's wear
Bedspreads, curtains, underwear, clothing,
Evening dress
Both nets and mosquito nets are included in the list, and these products are granted tariff free entry to Malaysia.
Earlier, customs duties on clothing and hats were 5-20%, while the duty on sheets, curtains, blankets and tablecloths was 10-20%.
In 2010, Malaysia agreed with the 19 export products of Bangladesh to enter the Malaysia market without customs duties, if Bangladesh agreed to start negotiations on bilateral free trade agreements (FTA).
At present, Malaysia is one of Bangladesh's main trading partners, and exports to Malaysia in fiscal year 2009-10 are about US $35 million.
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