Australia to allow duty-free access for Bangladesh products post 2026

The third meeting of the joint working group under the Trade and Investment Framework Arrangement (TIFA) signed between both sides was held recently in Canberra.

Bangladesh invited Australia at the meeting to invest in its information technology sector, while the latter was keen to import summer fruits from the former.

Both sides have expressed interest in enhancing mutual cooperation in sectors, including trade policy, agriculture, education, investment, garment industries, energy and information technology, a Bangladesh news outlet reported.

Australia expressed interest in the use of wool and cotton from Bangladeshi in its garment industry, while the latter sought the former’s assistance in technical education and skills development.

The prospect of direct flights between the two nations was also discussed.

The fourth such meeting is scheduled to take place in Dhaka at the same time next year.

Fibre2Fashion News Desk (DS)