VOL NO REGD NO DA 1589

Tuesday, April 18, 2006

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

OPINIONS & VIEWS

EDITORIAL

LETTER TO EDITOR

COMPANIES & FINANCE

BUSINESS & FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

HEADLINE
 
Move to strengthen negotiation skills to gain from WTO
M Azizur Rahman
4/18/2006
 

          The government has taken steps to strengthen its negotiation skills and adopt certain strategy to gain from the advantages of the World Trade Organisation (WTO) regulations in the coming years.
A high-level committee comprising businessmen, bureaucrats and civil society think tanks formulated the strategy at a meeting with Commerce Minister Altaf Hossain Chowdhury in the chair.
"We will appoint lobbyists to mobilise supports in various international arenas including Geneva to accelerate trade facilities for Bangladesh under the WTO provisions," commerce minister said.
Supporting the move the commerce minister said: "Appointing lobbyists is another part of diplomacy."
"In the USA not a single file moves without the help of the lobbyists," Adviser of the Commerce Ministry Barkatullah Bulu said.
Briefing the newsmen the commerce minister also said an expert group comprising specialists and businessmen will also be constituted to negotiate for Bangladesh trade at home and abroad.
The meeting also decided to request the Foreign Ministry to mobilise Bangladesh missions abroad, especially in Washington, to move forward the country's stand under the WTO regime.
Bangladesh will also maintain effective communication with the 50 African, Asian and the Caribbean least developed countries (LDCs) to stick to the group's stands under the WTO rules.
Spelling out the future strategy a senior official of the commerce ministry said ensuring duty free access of Bangladeshi products into foreign markets would be the key agenda.
He said the issues of non-LDC developing countries and the LDCs should not be viewed from the same perspective under the WTO regulations.
According to the United Nations (UN) there are specific criteria including gross domestic product (GDP) and per capita income to define the developing countries, which should be the key ingredients to execute the WTO rules on such issues.
Sources said the demand to ensure duty and quota free access of Bangladeshi products into the USA market in the recently held WTO Ministerial Meeting in Hong Kong was turned down citing its adverse impact on the developing countries like Pakistan and Sri Lanka.
Bangladesh is now keen to ensure duty free access of Bangladeshi products into the markets of the USA and Japan.
Apart from these two countries Bangladesh is now enjoying duty free access of its items into the markets of the Organisation for Economic Cooperation and Development (OECD) countries including Australia, New Zealand, Canada, Belgium, Germany, Norway, Sweden, commerce ministry sources said.
Bangladesh has already prepared two product lists comprising 1017 items for duty free access and 276 items for quota free access.
As per the WTO Ministerial Conference in Hong Kong 97 per cent products originated from the LDCs should have duty free access.

 

 
  More Headline
Govt prepares fresh lists of duty-quota-free export items
Draft coal policy finalised
Move to strengthen negotiation skills to gain from WTO
Stock market rebounds
Govt withdraws CMP DC Akbar, suspends sergeant Anwar
Beijing team takes optimistic look at Bangladesh market
An Afghan province where heroin rules and police look the other way
Cabinet approves four new draft laws
SC grants CEC's leave-to-appeal
FCBs re-fix dollar rates at customer's level
Woman's death in accident triggers mob violence
Bond worth Tk 10b to be floated for bailing SB out of liquidity-crunch
Chamber leaders want removal of all trade barriers
TCB invites fresh tender for sugar import to stabilise volatile market
WB to back research initiative for boosting agri productivity
Finance ministry indifferent to PDB request for fund
First Security Bank raises its capital to Tk 1.02b
Poultry import from seven more countries banned
BIWTC vessels' fare goes up
UGC finalises uniform grading system
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com