Russia to Ease Entry of Bangladeshi Goods

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Russia to ease entry of Bangladeshi goods

Posted on April 11, 2011 by bangladesheconomy| Leave a comment

http://www.thedailystar.net/newDesign/news-details.php?nid=180907

Russia to ease entry of Bangladeshi goods

Diplomatic Correspondent

Russia will liberalise rules related to trade for allowing entry of more Bangladeshi items, particularly the pharmaceutical products, into its market.

The assurance came during a bilateral meeting between the foreign ministers of Bangladesh and Russia in Moscow on Wednesday.

Russian Foreign Minister Sergey V Lavrov and Bangladesh Foreign Minister Dipu Moni led their respective countries at the meeting.

The Russian side gave assurance of expediting and liberalising the registration procedures for Bangladeshi pharmaceutical products, a foreign ministry press statement said yesterday.

The Russian foreign minister said at the meeting that Bangladesh enjoyed duty-free and quota-free access as an LDC under the framework of Council of Euro-Asian Economic Community, members of which are Russia, Belarus and Kazakhstan.

Under the framework, jute, tea, frozen foods and pharmaceutical products can enjoy duty and quota-free access.

Dipu Moni reiterated her request to Russia to extend the duty and quota-free access to readymade garments, ceramics and knitwear.

The foreign ministers reviewed the whole range of bilateral relations between the two countries including economic, energy and power, trade, cultural, educational and defense cooperation.

The two ministers especially discussed the proposed visit of Prime Minister Sheikh Hasina to the Russian Federation.

They also discussed cooperation in construction of nuclear power plant in Bangladesh, reviewed status of a number of proposed agreements, duty and quota-free access of Bangladeshi products to Russian market, and exchanging diplomatic properties.

Dipu Moni expressed her satisfaction over developments in the preliminary steps for...