Bangladesh opens Bangalabandha Dry Port for Nepali traders to export yarn

Banglabandha Dry Port opens for Nepali traders to export all types of Nepali yarn to 🇧🇩 ending the 2 decade-long restrictions to export Nepali yarn through this port.

Issuing a public notice two weeks ago, the Ministry of Industry, Commerce and Supplies (MoICS) said Bangladesh has already completed the official formalities that will allow Nepal to use its Bangalabandha Dry Port to export Nepali yarn.

“The National Board of Revenue, the apex body of Bangladesh in tax-related issues, has recently incorporated the matter in its Statutory Regulatory Orders and had it published in the country’s national gazette,” reads the notice forwarded by the MoICS to the Nepal Yarn Manufacturers’ Association.

Nepal has long been demanding Bangladesh to address hurdles to exporting its yarn to Bangladesh, harmonize sanitary and phytosanitary (SPS) measures and review the list of 108 Nepali products which have duty-free access to the Bangladesh market. This includes easy visa facility for Nepalis, preferential treatment for a number of Nepali goods and access to Bangladeshi ports for exporting goods to third countries.