Bangladesh seeks tariff-free access to Belgium-Luxembourg till 2032

29 Oct '23

1 min read

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Prime Minister Sheikh Hasina has urged Belgium and Luxembourg to allow tariff- and quota-free access of Bangladesh goods to their markets till 2032 instead of 2029.
She urged Belgium to invest more in Bangladesh, particularly in pharmaceuticals, renewable energy and ship building, and requested Luxembourg to help her country's banking sector to turn mature.

Prime Minister Sheikh Hasina recently urged Belgium and Luxembourg to allow tariff- and quota-free access of goods from Bangladesh to their markets till 2032.

She made the request to Belgian Prime Minister Alexander De Croo and Luxembourg Prime Minister Xavier Bettel during bilateral meetings with them during her visit to Europe.

"Continue the EBA (Everything but Arms) facility till 2032 instead of 2029 as graduation will not be punished rather will be rewarded," Bangladesh foreign minister AK Abdul Momen told a press briefing quoting Hasina.

Hasina also requested Belgium to invest more in Bangladesh, particularly in pharmaceuticals, renewable energy and ship building, according to a news agency.

Hasina requested Luxembourg to help her country’s banking sector to turn mature.

An air service agreement is going to be signed between Bangladesh and Luxembourg soon to enhance bilateral trade and business, Momen said.

ALCHEMPro News Desk (DS)

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