Dhaka is likely to provide 522 products of three least developed countries (LDCs) of Bimstec with duty-free access between June 2006 and June 2009. The country may also provide the same products of three other developing countries of the seven-nation bloc with duty-free access from June 2011.
Bangladesh and Pakistan are likely to begin negotiation on bilateral Free Trade Agreement (FTA) during a three-day visit of Pakistan Commerce Minister Humayun Akhtar Khan by the end of this month, sources said.
Dhaka and Islamabad are likely to start negotiation on bilateral free trade agreement (FTA) soon as Pakistan Commerce Minister Humayun Akhtar Khan visits Bangladesh by the end of this month.
The South Asian economies including Bangladesh are becoming more and more regional trade-prone and they are going for bilateral free trade agreements (FTAs) alongside regional arrangements like South Asian Free Trade Area (SAFTA).
All trade agreements may fumble in delivering results if they take effect prior to completion of all modalities and arrangements, which are to govern and ease trade between the signatory countries. But both the South Asian Preferential Trade Agreement (SAPTA) and its successor agreement on free trade — South Asian Free Trade Agreement (SAFTA) — were signed before completing these essential formalities
Bangladesh and Pakistan will soon start formal negotiations on bilateral free trade agreement (FTA) in a bid to sign the deal by next September, Foreign Minister M Morshed Khan said here yesterday.
Pakistan and Bangladesh signed four memoranda of understanding (MoUs) on trade, standardisation and quality control, agriculture and tourism on Monday.
Pakistan and Bangladesh have agreed to finalise bilateral free trade area (FTA) agreement within the shortest possible time, by September at the latest, to create scope for easy access of Bangladeshi products to Pakistani market as a measure for reducing the existing trade gap.
Karachi Chamber of Commerce and Industry (KCCI) asked the Bangladesh to materialize the signing of agreed Free Trade Agreement (FTA) without any further loss of time.
A free trade pact between seven South and Southeast Asia nations was likely to be in place by July 2006, Bangladesh’s foreign minister said Monday after a meeting of a regional economic forum.
Foreign Minister M Morshed Khan who formally assumes BIMSTEC chair with the holding of its ministerial meeting here on December 19 said Dhaka wants early enforcement of the FTA in goods in the BIMSTEC region, as production base in Bangladesh is gradually expanding.
Bangladesh and four other countries signed Asia Pacific Trade Agreement (APTA) in China despite Bangladesh’s huge trade gap with neighbouring India.
Underscoring the need for a Free Trade Agreement between India and Bangladesh, Indian High Commissioner to Dhaka Veena Sikri today said it was important to overcome a "negative" mindset to help boost trade between the two countries.
Prime Minister Shaukat Aziz emphasizing that Pakistan and Bangladesh have a common heritage and enjoy a special and unique relationship said that we need to work towards free trade agreement.
D-8 region consisting of eight Muslim countries — Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey — has set the end of 2005 as the target for the finalisation of the last draft of the Preferential Trade Agreement (PTA).
India is keen on signing an FTA with Bangladesh as early as possible but Bangladesh has been rather sceptical about the outcome of such a deal because of the former’s alleged protectionist attitude. The findings of a World Bank (WB) study that were made available a couple of days back in Dhaka have, actually, confirmed Bangladesh’s worries.
A group of international experts said Saturday at a workshop that mere increase in volume of trade under the proposed Free Trade Agreement (FTA) would not be enough to reduce the huge trade imbalance between Bangladesh and India.
Non-tariff barrier is a major impediment to cut the trade deficit with India, economists and academics observed yesterday at a workshop.
Bangladesh has once again outright rejected an Indian proposal for signing Free Trade Agreement (FTA) with her, urging the counterpart to sign the proposed South Asia Free Trade Agreement (SAFTA) for boosting the regional trade and commerce.
Unlike some other regions of the world, trade among the South Asian countries is meagre compared to their trade outside the region.