The Bangladesh government will finalise a list of 300 products for seeking duty-free market access to Indonesia, under the proposed Preferential Trade Agreement (PTA).The Ministry of Commerce (MoC) has completed consultations with the stakeholders and received recommendations from the Export Promotion Bureau (EPB) of Bangladesh. After finalising the list, the MoC will send it to Indonesia through the Ministry of Foreign Affairs, seeking approval by the Indonesian government. Jute and jute goods, leather and leather goods, pharmaceuticals and garment items are some of the products named in the list.
The two countries are working on signing this PTA to boost bilateral trade and promote trade and economic partnership between the two countries. The bilateral trade between Bangladesh and Indonesia is expected to increase by fivefolds to around $10 billion in next 10 years, according to the sector insiders.