Limestone export from Bhutan to Bangladesh is slowing down because of changes in bilateral trade agreement protocol between the two countries.
In fact, the export of limestone powder to Bangladesh has completely halted for since February last year.
Because it was the government policy to encourage value addition on mineral products instead of exporting the minerals in its raw form, local industries started to process limestone powder for manufacturing of poultry and fish feed in Bangladesh, which is the primary market.
Under the agreed duty free commodities, Bangladesh agreed to exempt duty on limestone products classified as 2521 under the Harmonised System Code (HSC).
HSC is the internationally harmonised item description and coding system, the standard of which is maintained by the World Customs Organisation (WCO) to classify traded products.
