Canada extends duty-free access for Bangladesh till 2034

Bangladesh will continue to enjoy duty-free access to Canada market till 2034 as per a bill passed in Canadian parliament in June. 

The Canadian government has extended duty-free market access to all developing countries that will benefit Bangladesh once it graduates from LDC status in 2026.

The market access, under the General Preferential Tariff (GPT) scheme, also includes relaxed rules of origin of apparel items and provides duty-free access to other products.

The new programme also proposes to extend this market access benefit based on labour and environmental compliance of the industries.

Source: The Business Standard