Bangladesh Raises Import Duties on Cosmetics, Industrial Goods
Bangladesh recently increased duties on 135 imported products, including a range of consumer goods and industrial products, the Hong Kong Trade Development Council reported June 20. The country raised duties from 5% to 20% on various cosmetic items, including sunscreens,…
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perfumes and shaving products, the report said. A 20% duty also applies to household items, including certain furniture and kitchen appliances, some of which were previously subject to duties of 3%-5%. Duties on fresh and dried fruit also increased from 3% to 20%, the report said. Bangladesh also increased duties on vehicle engines, oxygen, nitrogen, argon and “primary medical care items,” which are now subject to a 15% duty, and tires and construction raw materials, which increased from a 3% duty to a 10% duty.