Dhaka urges Delhi to withdraw anti-dumping duty | 2019-05-14 | daily-sun.com

Dhaka urges Delhi to withdraw anti-dumping duty

WTO support sought to address post-graduation challenges

UNB

14th May, 2019 06:14:24 printer

Dhaka urges Delhi to withdraw anti-dumping duty

Bangladesh has urged India to withdraw the anti-dumping duty imposed on Bangladeshi products in its market.

Commerce Minister Tipu Munshi raised the issue during his meeting with Indian counterpart Suresh Prabhu on Tuesday in New Delhi.

He also sought support for importing more apparel products from Bangladesh and more investment from India to Bangladesh to further deepen economic partnership.

The Bangladesh Commerce Minister attended a two-day event titled 'WTO Ministerial Meeting of Developing Countries 2019' held in New Delhi on Monday and Tuesday.

On the sidelines of the event, he met Indian Minister Prabhu, according to the Bangladesh High Commission in New Delhi.

The Indian minister assured that he will take all necessary measures to address the requests from Bangladesh.

Both the ministers expressed satisfaction over the "excellent relationship" between the two countries.

Tipu Munshi, as a freedom fighter, expressed his heartfelt gratitude for the support India extended during the 1971 Liberation War.

The Indian minister noted that India is keen to keep the momentum of the existing, the best-ever relations between the two countries.

Indian minister Prabhu inaugurated the WTO event where representatives, including ministers, from 23 developing countries took part and presented their position regarding the challenges the multilateral rule-based-trading system WTO is facing.

The Commerce Minister during his intervention sought WTO's support to address the trade-related challenges which Bangladesh may face after graduation from LDCs club.

He stressed that the WTO needs to address those challenges in post-graduation phase in line with the General Assembly resolution adopted in 2004.

The minister said any decision, provision and agreement negotiated within the WTO must direct towards increasing trading opportunity for developing countries and LDCs.

Also, it is important that decision making process should be open, transparent and inclusive, he said.


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