Desk Report: Australia will continue its duty and quota free treatment for Bangladeshi exports even after the country graduates from least developed country (LDC) status in 2026 said a meeting of the first Joint Working Group (JWG) on trade and investment held recently in Canberra, According to statement In 2019-20, the two-way trade between the two countries stood at $2.6 billion, which may significantly increase in the coming years.
The JWG agreed to involve relevant private sectors and encouraged institutional linkages between apex trade bodies of the two countries to further strengthen bilateral trade.
The two countries also agreed to enhance industry connections between Australian exporters of raw materials like cotton, wool, hides and importers, manufacturers in Bangladesh. Australia also expressed its keenness to explore investment opportunities in infrastructure, energy, mining and information and communication technology sectors in Bangladesh.
