2nd amendment to Asia-Pacific Trade Agreement

Cabinet clears proposal for ratification

The Cabinet yesterday approved a proposal for the ratification of the second amendment to the Asia-Pacific Trade Agreement (APTA), a preferential trade agreement among the countries in the Asia-Pacific region, under which Bangladesh will get duty facilities on some 10,677 items, reports UNB.
The approval was given at the regular weekly meeting of the Cabinet held at the Cabinet room of Jatiya Sangsad with Prime Minister Sheikh Hasina in the chair.
Briefing reporters after the meeting at the Bangladesh Secretariat, Secretary of the Cabinet Division (Coordination and Reforms) NM Ziaul Alam said Bangladesh, as per the second amendment, will get duty facilities on some 10,677 items in different APTA countries against 4,648 items under the previous provision.
Under the 2nd amendment, he said, Bangladesh will get duty facilities on some 3,381 items from India, on 2,372 items from China and on 3,757 items from South Korea with duty facility from 5 per cent to cent per cent.
The cabinet also approved in principle the draft of 'The Bangladesh Livestock Research Institute Bill, 2017' to replace the Livestock Research Institute Ordinance 1984, which became obsolete with Supreme Court verdict scrapping the Fifth Amendment to the Constitution in 2010.
As per the Supreme Court order, Ziaul Alam said, the new law has been drafted in Bangla. It added four new sections incorporating the activities of the Board of the institute and fee for giving consultation services to any public or private organisation.
At the outset of the meeting, the Cabinet congratulated Bangladeshi-origin candidates Tulip Rizwana Siddiq, Rushanara Ali and Rupa Huq as they have been reelected in the British national election.
Tulip is the granddaughter of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and niece of Prime Minister Sheikh Hasina.
Ministers, State Ministers and secretaries concerned were present at the meeting.

 

2nd amendment to Asia-Pacific Trade Agreement

Cabinet clears proposal for ratification

The Cabinet yesterday approved a proposal for the ratification of the second amendment to the Asia-Pacific Trade Agreement (APTA), a preferential trade agreement among the countries in the Asia-Pacific region, under which Bangladesh will get duty facilities on some 10,677 items, reports UNB. The approval was given at the regular weekly meeting of the Cabinet held at the Cabinet room of Jatiya Sangsad with Prime Minister Sheikh Hasina in the chair. Briefing reporters after the meeting at the Bangladesh Secretariat, Secretary of the Cabinet Division (Coordination and Reforms) NM Ziaul Alam said Bangladesh, as per the second amendment, will get duty facilities on some 10,677 items in different APTA countries against 4,648 items under the previous provision. Under the 2nd amendment, he said, Bangladesh will get duty facilities on some 3,381 items from India, on 2,372 items from China and on 3,757 items from South Korea with duty facility from 5 per cent to cent per cent. The cabinet also approved in principle the draft of The Bangladesh Livestock Research Institute Bill, 2017 to replace the Livestock Research Institute Ordinance 1984, which became obsolete with Supreme Court verdict scrapping the Fifth Amendment to the Constitution in 2010. As per the Supreme Court order, Ziaul Alam said, the new law has been drafted in Bangla. It added four new sections incorporating the activities of the Board of the institute and fee for giving consultation services to any public or private organisation. At the outset of the meeting, the Cabinet congratulated Bangladeshi-origin candidates Tulip Rizwana Siddiq, Rushanara Ali and Rupa Huq as they have been reelected in the British national election. Tulip is the granddaughter of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and niece of Prime Minister Sheikh Hasina. Ministers, State Ministers and secretaries concerned were present at the meeting.