Safety equipment to ‘see substantial duty reduction’

The government has decided to substantially reduce tariff on imports of fire, electrical and structural safety equipment in an effort to make those more affordable to apparel makers to improve their safety standards.
“To the best of my knowledge, it’s (the decision) at the final stage,” Commerce Secretary Mahbub Ahmed told reporters at a joint press conference after the first meeting of Ticfa at Sonargaon Hotel in the city, according to a news agency.
He said the US side came up with the demand at the Trade and Investment Cooperation Forum Agreement (Ticfa) meeting as similar requests were made by different forums in Bangladesh earlier.
The National Board of Revenue (NBR) will come up with the final decision soon on tariff reduction on the import of the safety equipment.