Commerce Minister urges Brazil to slash 35% import duty

by Apparel Resources News-Desk

23-August-2019  |  2 mins read

Commerce Minister Tipu Munshi
Image Courtesy: unb.com.bd

Give Brazilians the opportunity to buy the best of Bangladeshi garments!

That seemed to be the essence of what the Bangladesh Commerce Minister said at a recent meeting.

Tipu Munshi has urged Brazil to slash the existing 35 per cent import duty so as to make the process of exporting Bangladesh’s ready-made garments (RMG) to Brazil easy.

During a recent meeting with the leaders of São Paulo Chamber of Commerce, Tipu reportedly stated that if the duty on import items is lowered, the people of Brazil will get an opportunity of buying Bangladesh’s world class RMG at a reasonable price.

The Commerce Minister also called on Brazilian businesspersons and importers and sought their cooperation to pave way for Bangladeshi products in Brazilian market.

He said during the meeting that the high import duty could be lowered only if both the countries sign free trade agreements.

Tipu also added that Bangladesh was developing 100 special economic zones, initiated by Prime Minister Sheikh Hasina, and the Government is willing to allocate special zones for all those Brazilian businesspersons who desire to invest in Bangladesh.

What else happened at the meeting!

A memorandum of understanding (MoU) was signed btween BGMEA and São Paulo Chamber of Commerce and they also decided to strengthen cooperation between BGMEA and Textile and Apparel Department of Brazil.

There will also be a trade fair organised by BGMEA in Sau Paulo on 7 and 8 November 2019.

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