The EU accounts for half of Bangladesh’s exports and has been offering the latter duty- and quota-free preferential access under the ‘Everything But Arms’ scheme since 2001.
Bangladesh enjoys a notably higher trade surplus with the EU compared to its other trading partners.
Out of a total €22-billion trade in 2024, EU exports accounted for only €2 billion, resulting in a trade balance strongly in favour of Bangladesh, the chamber said in a statement.
High tariffs and non-tariff barriers hinder EU companies’ efforts to engage in business with and export to Bangladesh, it was cited as saying by domestic media reports.
EuroCham encouraged Dhaka to reaffirm its commitment to a rules-based trading system and to pursue essential trade policy and customs reforms, while ensuring fair and equitable treatment for all trading partners, the statement added.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
