~ Feruz Sons & Co. duty free import facilities ~
Generalized System of Preferences (GSP) or REX
Duty free market access facilities for Bangladeshi exportable products for world-wide.
Bangladesh as a least developed country (LDC) is enjoying duty free market access or reduced tariff rate facilities to export to various developed and developing countries in the world. This facility is enhanced and privileged by the membership of world trade organization (WTO). besides, Bangladesh is the member of different regional trade blocs. Thus, the country enjoys duty free or reduced tariff rate access to other member countries.
WTO members always recognize the necessity of providing duty free quota free (DFQF) market access to LDCS. it was decided in the 6th WTO ministerial conference held in Hong Kong in 2005. all developed countries will provide DFQF market access to LDCS for at least 97% tariff lines. Bangladesh is getting DFQF market access to different markets. this is the first legally binding decision on DFQF for LDCS.
* Bangladesh is getting GSP facilities from 39 countries:
EU Countries
New EU Countries
Countries excluding EU
1. France
1. Cyprus
1. Canada
2. Finland
2. Czech Republic
2. Turkey
3. Germany
3. Estonia
3. Japan
4. Ireland
4. Republic of Poland
4. Russia
5. Luxemburg
5. Slovenia
5. Norway
6. Denmark
6. Slovakia/Slovak Republic
6. Switzerland
7. Greece
7. Hungary
7. Republic Belarus
8. Netherlands
8. Lithuania
8. Liechtenstein
9. Portugal
9. Latvia
9. New Zealand
10. United Kingdom
10. Malta
10. Australia
11. Austria
11. Rumania
11. Iceland
12. Spain
12. Bulgaria
13. Belgium
13. Croatia
14. Italy
15. Sweden
South Korea is giving us duty free market access on 4,802 products under “Preferential Tariff for Least-Developed Countries”;
China is giving us duty free market access on 4,788 products under “Duty Free Treatment Granted by China”;
India is giving us duty free market access on all products under SAFTA (except Tobacco & Drugs);
Other SAARC countries are giving us duty free market access on some products under SAFTA/SAPTA;
Thailand is giving us duty free market access on 299 products under BIMSTEC
Malaysia is giving us duty free market access on 525 products;
Chile will give us duty free market access on all Bangladeshi products from 1st January 2015.
