Dhaka seeks Abu Dhabi’s support for duty-free access to Gulf nations

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Dhaka has sought Abu Dhabi’s support for duty- and quota-free access to the markets of the Gulf Cooperation Council countries to reduce trade gap with the United Arab Emirates (UAE).

Bangladesh made the call at the joint commission meeting with the UAE at InterContinental Dhaka in the capital today.

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According to the Economic Relations Division, the total trade between the two countries in fiscal year 2020-21 was $1.8 billion.

However, the bilateral trade is heaviliy tilted towards the UAE.

Bangladesh exported goods worth $495.85 million to the UAE while it imported goods worth of $1.31 billion.

The meeting was co-chaired by AHM Mustafa Kamal, minister for finance, and Ahmed Ali Al Sayegh, state minister for foreign affairs and international cooperation of the UAE. 

The meeting was held in a hybrid (face-to-face and virtual) format where both team leaders joined virtually.

 

Author: desi123

Desi123.com is an online news portal that aims to provide the latest trendy news for Asians living in Asia and around the World.

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