Extension of account
trade deal with
The meeting observed that the bilateral trade under the “convenient” mode of payment-settlement system remained unutilised during the initial period.
The Bangladesh-Burma agreement, which expires March 18, on the special trading arrangement hardly yielded any benefit to augment the paltry bilateral trade in first quarter of its tenure.
The account trade became effective in January this year under a memorandum of understanding (MoU) signed in March last year for a year to boost the two-way trade.
As per the resolution, the two sides have agreed to review the progress of account trade quarterly.
“The trade did not take place at a level where a review can made,” a meeting source told the news agency.
Forty-four Bangladeshi products are entitled to enjoy the
facilities of account trade against
Commerce Minister Amir Khosru Mahmud Chowdhury, who chaired the meeting at his ministry, told newsmen that the recommendation would be submitted to the cabinet for approval.
He said the meeting also decided to set-up a duty-free sales
and display centre at Teknaf in a bid to boost the
country exports to
The Minister expected that the centre would be operational within a year.