The Trade and Investment Cooperation Forum Agreement (TICFA) Council meeting is all set to be held on 6th December in Washington and Bangladesh is going to formally seek lifting of tariff on Bangladeshi apparel produced from US cotton to the US market.
Media reports maintained this citing the sources from within the Commerce Ministry.
Speaking to the media, the concerned official of the Commerce Ministry reportedly said USA was interested in increasing cotton exports to Bangladesh, which is why it has kept the issue of withdrawing the cotton fumigation imposed by Bangladesh in its agenda for the forthcoming TICFA meeting, while adding that in the upcoming meeting, Dhaka also will urge Washington to reduce tariff rates on the import of Bangladeshi apparel as a whole. It will also request the United States Food and Drug Administration to simplify the procedure for the registration of Bangladeshi pharmaceutical products.
