EU trade benefits: WTO imposes conditions on Pakistani goods
WTO gave Pakistan the opportunity to increase exports of 13 out of 75 products up to 20% in two years, Hossain told reporters on Tuesday.
Bangladesh objected to export of eight of 13 products, he said and added that two were dropped from the list while the remaining six were readymade garment products.
“EU decided to allow duty-free entry of 75 products from Pakistan to help the country recover from the damage caused by floods last year. But Bangladesh and India immediately informed the EU about their concerns of being commercially harmed,” Hossain said.
“Bangladesh told the EU to drop eight products from the list if they want to help Pakistan. Otherwise, the readymade garments sector of Bangladesh will be hurt. EU and WTO imposed special conditions on six of eight products objected to by Bangladesh. Pakistan got duty-free entry for two others,” he added.
Hossain said Pakistan will be able to earn an extra $20 million by exporting these two garment products in the next two years.
His comments came after Bangladesh Commerce Minister Faruk Khan told bdnews24.com that Dhaka was against “such uneven assistance to Pakistan.
Published in The Express Tribune, November 16th, 2011.
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Considering the geography of Bangladesh - where the storms are more likely, the best reply would be to not do the same to them.
pakistan should immediately impose duty on yarn export to bangladesh.
bangladesh with conivance of EU is literally doing cotton canibalism with pakistan.
Bangla exports of textile has touches usd20 billion wheras pakistan xport of textiles is usd12billion.
it insane that we have becme a raw material supplier to bangladesh which adds value to and reexport to EU.and eats up our buyer.
Current Bangla government is puppet of India. It has sold its soul to India in almost every field if you follow news! The government even invited Sonia Gandhi to receive highest award for Indhira Gandhi. . India is using Bangladesh after withdrawing complaints. India should know that we know who is behind... not a very clever move by India after all!
Dhaka is right, tomorrow every other country in the world will start asking for concessions sighting one reason or other. The flood was 70% our fault of mismanagement, then why should other countries suffer for our stupidity? We are increasingly becoming laughing stock of the world.