Bangladesh’s Ministry of Finance has opposed the move of striking an agreement on bilateral Free Trade Area with Malaysia fearing the proposed deal, if signed, would only increase the trade deficit for Bangladesh.
Malaysia and Bangladesh are expected to commence negotiations for a proposed free trade agreement (FTA) in the near future, said Bangladesh High Commissioner to Malaysia, A.K.M. Atiqur Rahman.
Prime Minister Manmohan Singh and chief ministers of eastern and northeastern states will push for a thaw in relations with Bangladesh by talking trade next week. And trade with Bangladesh invariably means textiles.
Bangladesh has sought duty-free access of all its products to the Indian market to bring down the trade gap between the two neighbouring countries, Commerce Minister Faruk Khan said.
Dhaka is moving ahead steadily to sign an accord on a bilateral Free Trade Area (FTA) with Kuala Lumpur as the ministry of commerce (MoC) has recently sent its "well-guarded position", containing a template on the proposed FTA to the Malaysian government, a top ministry official said.
In Bangladesh, the Prime Minister’s Office has asked the ministry of commerce to expedite the process of negotiations with the United States to finalise the proposed Trade and Economic Cooperation Forum deal immediately, sources said.
Disagreement on the issue of workers’ union in EPZs is standing in the way of Bangladesh signing the Trade and Investment Cooperation Forum Agreement (TICFA) with the US, according to the commerce minister.
Bangladesh Tariff Commission (BTC) has given a positive signal to the government in striking a bilateral Free Trade Area (FTA) agreement with Malaysia, saying, the proposed deal will boost the country’s export of goods and manpower substantially in Malaysia and encourage latter’s investment in Bangladesh significantly.
Bangladesh hopes to sign a free trade agreement with India this year, its Commerce Secretary Md Ghulam Hussain said here.
A draft guideline prepared on Free Trade Agreement (FTA) has strongly suggested against striking FTAs with developed countries, but the same has encouraged similar deals with the countries having demand for Bangladeshi manpower, official sources said.
Trade between Sri Lanka and Bangladesh will grow due to the vast opportunities in both countries to expand business, said High Commissioner of Bangladesh, Mahbub Uz Zamman.
Prime Minister Sheikh Hasina here today urged the Developing-8 member states to evolve their own mechanism for establishing a D-8 Free Trade Area (FTA) to increase trade and business.
Bangladesh wants to hasten a free trade agreement with India to narrow the huge trade gap it suffers with its bigger neighbour.
The US administration has taken the decision of the Bangladesh government rather easily despite the fact that the two countries had been engaged in negotiations on Tifa for about six years since 2003
Bangladesh has decided against signing a Trade and Investment Framework Agreement (TIFA) with the United States after six years of negotiations, fearing the draft pact suggested by Washington might affect its business interests
Bangladesh is to resume talks after five years on a free trade agreement (FTA) with India. It will then resume negotiations with Sri Lanka and Pakistan.
A TIFA with the US and an FTA proposed by India have met political opposition from different quarters in Bangladesh. For Washington, "an alternative could be a US-Bangladesh Economic and Trade Cooperation Forum," US Ambassador James F. Moriarty said Thursday.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is not clear about what it knows of the proposed Trade and Investment Framework Agreement (TIFA) between Dhaka and Washington.
An official body has recommended signing of bilateral Free Trade Agreements (FTAs) with India, Pakistan and Sri Lanka on goods in the first phase and similar deals on services and investment in the second phase.
The European Union’s bilateral free trade agreements with India, Southeast Asian nations and South Korea may be a potential threat to Bangladesh, officials of the European Commission said yesterday.