11 Apr '25
INSIGHTS
The UK will continue to provide 92 per cent of Bangladesh's exports duty-free access to its market beyond the current scheme of trade preferences, UK trade envoy in Bangladesh Rosie Winterton told a summit.
Bangladesh receives duty-free and quota-free access to the UK market till 2029.
The Developing Country's Trading Scheme encourages Bangladesh to diversify its exports to the UK beyond garments.
(Fibre2Fashion News Desk (DS): The United Kingdom will continue to provide 92 per cent of Bangladesh’s exports duty-free access to its market beyond the current scheme of trade preferences, UK trade envoy in Bangladesh Rosie Winterton recently assured participants at the Bangladesh Investment Summit 2025 in Dhaka.
Bangladesh receives duty-free and quota-free access to the UK market till 2029.
The UK Developing Country’s Trading Scheme encourages Bangladesh to diversify its exports to the United Kingdom beyond garments, laying the groundwork of Bangladesh's economic security, ahead of graduation from the least developed country status next year, media outlets in Bangladesh reported.
"I am also pleased that his Majesty's revenue of customs will be providing capacity-building support to the customs way of the National Ward of revenue to enhance trade facilitation…taken together, these initiatives constitute significant UK contributions for Bangladesh's LDC graduation,” she said.
Her country is working with the interim government in Bangladesh on the latter’s priorities to restore law and order, ensure accountability and promote national unity, the envoy said.
(Source: Fibre2Fashion.com)