Home / Knowledge / News / Textiles / EU urges Dhaka to facilitate more imports from Europe

EU urges Dhaka to facilitate more imports from Europe

13
Dec '19
Pic: Shutterstock
Pic: Shutterstock
The heads of mission of various European Union (EU) nations in Dhaka feel there is an urgent need for the Bangladesh government to facilitate more EU imports to the country by creating a positive investment climate by improving customs procedures. Various tariffs and para-tariff barriers now hinder quality European products from entering Bangladesh.

This was conveyed at the 6th plenary of the EU-Bangladesh Business Climate Dialogue in Dhaka recently.

The heads of missions suggested that while there is no shortage of law or policies in the country to regulate trade and investment, their effective enforcement is a problem.

Issues raised by the envoys included proper implementation of bilateral double taxation avoidance agreements, removing investment cap in the services sector, upgrading the delivery of services at Chittagong port and Dhaka airport, and improving in Bangladesh’s judicial system to ensure immediate and effective enforcement of contracts according to Bangla media reports.

The EU-Bangladesh Business Climate Dialogue was initiated in May 2016 with the aim to jointly remove impediments that obstruct EU trade and investment in Bangladesh. The EU is Bangladesh’s number one trading partner and the second largest source of foreign direct investment to Bangladesh.

Bangladeshi exports to the EU amounted to about €18 billion in 2018, while the EU exports to Bangladesh were to the tune of €3.5 billion.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jan 2020

EU, 5 African nations start talks to deepen trade ties

The European Union (EU) recently concluded the first round of...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2020

Pak-PRC textile cooperation to focus on readymade garments

Chinese and Pakistani experts have agreed to forge a textile...

Pic: Shutterstock

Textiles | On 25th Jan 2020

India's GDP expected to grow at 5.5% YoY in FY21: IndRa

India's gross domestic product is expected to grow at 5.5 per cent...

Interviews View All

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Ghanshyam Ghoghari, Kimora Fashion

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Martina Giorgetti,

Martina Giorgetti

Italy-based Cibitex is a manufacturer of textile finishing machinery,...

Mario Castro,

Mario Castro

Fibraltex is an integral factory dedicated to the production of denim...

Mehul Vithalani,

Mehul Vithalani

Gopi Knitts is one of the most celebrated manufacturers and suppliers of...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search