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Duty-free access for Bangladeshi goods

Tofael seeks German support
Commerce and Industries Minister Tofail Ahmed sought German support in getting dutytree access of products from LDCs including Bangladesh's to the developed countries, reports UNB.
He said WTO members have agreed in the last ministerial conference to a Plan of Action for duty-free access of the products of LDCs to face the challenges of globalisation and liberalisation Ol LDCs' trading system.
The minister was talking to the visiting German State Minister for Foreign Affairs. Dr Werner I lover, at his office yes-lerday.
The commerce minister said a joint meeting is expected to be held with WTO. UNCTAD. International Trade Centre, aid agencies, multilateral financial institutions and LDCs in Geneva in June next to prepare • the action plan.
Recalling Germany’s help and assistance during liberation war and its continued support in strengthening economy of Bangladesh, the minister
said Germany is our development partner. "We want to strengthen the partnership through boosting mutual trade and investment flow from Germany to Bangladesh."
Elaborating the steps taken by the government for trade liberalisation and creation of investors-friendly environment. Tofail Ahmed said the government is also giving equal importance to the regional cooperation.
He; in this regard, mentioned about the formation of South Asian Growth Quadrangle and efforts to be the member of Indian Ocean Rim.
Appreciating the decision to form "Growth Quadrangle" the German state minister said his country is eager to see the economic emancipation of Bangladesh and things are moving in the right direction. He. however, suggested to take some image building measures around the globe.
Dr Hoyer said Bangladesh has vast ’ resources especially gas, solar energy and other natural resources while Germany has the most modern technology. "We can easily enhance our economic partnership through utilising resources and modern technology of both the countries."
Regarding duty-free access, the German state minister said he would take up the issue with
the appropriate authority. He. however, endorsed the demand of Bangladesh in facilitating its export.
The two leaders also discussed about the GSP issue and other matters relating to bilateral trade development..