Bangladesh: Zero-tariff imports, a diplomatic victory for China
JOYEETA BHATTACHARJEE JUL 09 2020 Recently, China declared zero-duty for 97 percent of the Bangladeshi imports. The concession flowed from China’s duty-free, quota-free programme for the Least Developed Countries (LDC). This facility became operational from 1 July. The Chinese move has been widely welcome in the country and is considered as a major diplomatic victory in the bilateral relations with China. Commentators and analysts have expressed optimism about the increase in the Bangladeshi exports to China and further deepening of the economic ties between the two countries, which is already going strong. Since the Chinese decision coincided with the military standoff with India, it attracted wide international attention. The international community perceived the development to be a strategic move by China and termed it as an attempt to win Bangladesh , one of India’s close neighbours. However, amidst the hype surrounding the Chinese decision, an insight into the China-...