The government was hit hard by the EU in the 2001 trade and development cooperation agreement between the two sides, which accepted the EU`s demands for dhaka plus aimed, for example, at granting companies monopoly rights over seeds (patenting); The government was in controversial talks with the United States on a framework trade and investment agreement, a prelude to a possible free trade agreement with Washington; However, in 2010, after several years of discussions, it was decided not to sign one. The United States then asked Bangladesh to sign an agreement on the Trade and Economic Cooperation Forum, but it has not yet been signed. India has insisted on a bilateral free trade agreement with Bangladesh, but the World Bank has made it clear that India will benefit more; Pakistan also insisted on a free trade agreement with Bangladesh; For its part, Bangladesh is interested in developing a free trade agreement with China. The agreement comes as the two South Asian countries are also celebrating the fiftieth anniversary of diplomatic relations. Bhutan recognized Bangladesh`s independence on December 6, 1971 and became the first country in the world to accept it as a sovereign nation. Bangladesh and Bhutan on Sunday signed the first Preferential Trade Agreement (PTA) to promote bilateral trade. Bangladesh`s Minister of Commerce Tipu Munshi and Bhutanese Minister of Economy Lyonpo Loknath Sharma sealed the deal in the capital, Dhaka. According to official figures, trade between Bangladesh and Bhutan in the 2008-2009 fiscal year amounted to $US 12.77 million, which increased to 49.65 million $US in 2018-19. He said there was an opportunity for “robust trade” and cooperation in many areas such as education, health, shipping, information technology and agriculture in the near future. “The agreement that the two sides signed today will help further consolidate relations between our two countries,” she said. `Under this agreement, a number of products originating in Bangladesh [100] and Bhutan [34] have duty-free access to the markets of the other.` In his remarks, Bangladeshi Foreign Minister AK Abdul Momen said the agreement was a new chapter in bilateral relations and urged businessmen from both countries to use the agreement.

He called on the people of the two countries to take the agreement as an opportunity, in the hope that it will “strengthen” mutual relations. The EU cooperates closely with Bangladesh under the EU-Bangladesh Cooperation Agreement concluded in 2001. This agreement offers a wide margin for cooperation and covers trade and economic development, human rights, good governance and the environment. Beyond all this, either the government is negotiating free trade agreements with Iran, Turkey, Bhutan, Malaysia, Morocco and Sri Lanka, or it is considering negotiating free trade agreements. Unable to find the page you were looking for. We are in the process of migrating our site to a new system and apologize for any inconvenience. As a result, some older links no longer work. Please update all bookmarks to reflect this change. Move the mouse over a dispute number in the following table to display the title of the dispute. Click the dispute number to go to a page with detailed information about the dispute.

Bangladesh has been a member of the WTO since 1995 and, as the least developed country, benefits from the EU`s Everything But Arms agreement, which allows duty-free and quota-free access to all exports except arms and ammunition. Hasina said Bhutan has a special place in the hearts of all Bangladeshis. In July 2013, the EU took the initiative to put in place a sustainability pact for Bangladesh to improve labour rights and factory safety in the garment industry, in response to the collapse of the Rana Plaza industrial complex, which claimed the lives of many workers. This initiative was launched by the EU, the Government of Bangladesh, the UNITED STATES, Canada, that is…