Bangladesh, Thailand keen to explore FTA prospects to boost trade ties

Both sides agreed to hold the joint trade committee meeting in Dhaka this year to review the bilateral trade and investment portfolio.

Thailand and Bangladesh have agreed to explore prospects of a free trade agreement to further enhance bilateral trade. A qualitative feasibility study on the issue is being undertaken by Bangladesh’s commerce ministry. At the third foreign office consultations in Dhaka, the latter requested the former to remove non-tariff barriers and reduce or waive duties.

Bangladesh requested Thailand to remove non-tariff barriers and reduce or waive off duties on its products for a better trade balance.

Foreign secretary Masud Bin Momen led the Bangladesh delegation, while Sarun Charoensuwan, permanent secretary in the ministry of foreign affairs led the Thai side.

Momen hoped that the draft memorandum of understanding on testing and standardisation of products would be finalised at the earliest, according to a news agency.

Fibre2Fashion News Desk (DS)