Trade sops from China to hit many countries
China has an idea to levy duty on exports from countries like Bangladesh and Nepal. China is maki9ng itself attractive market to exporters from different countries. China has decided to offer zero -tariff treatment which covers many products. he zero tariff treatment is offered to 4,762 products from 33 least developed countries(LDC).
The zero tax tariff system will even benefit Afghanistan. Both India and China are in the path of reconstruction and development. The move will make India just watch whereas for Nepal the zero tariff will apply from July 1. The zero tax tariff for Bangladesh will reduce the Buying and receive Chinese support for a project.
The friendship of China and Bangladesh will continue by constructing of a bridge at Kajirtek. From the period after the prime minister Sheikh Hasina visited Beijing March the business relationship between two countries has picked off. A closer comprehensive partnership of cooperation has been build up by China and Bangladesh. In the meeting between China and Bangladesh China offered concessional loans to Bangladesh.
The Zero tariff treatment countries include Bangladesh, Ethiopia, ,Burundi, Equatorial, Guinea, Eritrea, Djibouti, Democratic Public of Congo, Comoros, Liberia, Madagascar, Mozambique, Rwanda, Sierra Leone Sudan, Tanzania, Togo, Uganda, Zambia, Afghanistan , Nepal and Yemen.