After breaking the ice by launching the preferential trade agreement among Developing Eight (D-8) countries, Indonesian Trade Minister Mari E. Pangestu envisions that the agreement would lead to a free trade arrangement for member countries in less than 15 years.
The road to US duy-free access could be longer than expected for a series of emerging countries. While Pakistan was recently refused that textiles and apparel benefit from preferential treatment, chances of duty-free access for Bangladesh, Sri Lanka or Cambodia are progressively fading.
The bilateral FTA would go beyond the tariff concessions provided under the SAFTA agreement.
The Prime Minister of Turkey not only hosted the Bangladesh leader but also highlighted the need for augmenting bilateral relations in different fields, including trade and investment.
The commerce minister of Pakistan will make a three-day visit to Dhaka from April 19 to attend the Safta Ministerial Council (SMC) meeting and initiate talks on signing a Free Trade Agreement (FTA) with Bangladesh.
India is for a South Asia Free Trade Area (SAFTA) "plus’’ a separate free trade arrangement with Bangladesh that would address the existing trade imbalance between the two countries, Commerce Minister Kamal Nath said on Wednesday.
New Delhi and Dhaka will sign a revised bilateral trade agreement during the three-day visit of Bangladesh Prime Minister Khaleda Zia from tomorrow. The present bilateral trade agreement expires on March 31.
Indian High Commissioner to Bangladesh Veena Sikri pinned high hope on Prime Minister Khaleda Zia’s India visit beginning today in boosting trade between the two South Asian neighbours.
The last meeting of the Indo-Bangladesh Joint Economic Commission discussed the formation of a free trade area (FTA) between the two countries. The FTA offer was made earlier by India. Bangladesh has only scrutinised different aspects of the proposal so far.
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.