BSS, Dhaka :
Bangladesh and Sri Lanka have completed substantial progress to strike a deal between the two countries on free trade agreement (FTA).
Sri Lankan Industry and Commerce Minister Bathiudeen told ICC Bangladesh President Mahbubur Rahman when he met with him at his office in Colombo, said a ICC press release today.
During the meeting, the Mahbubur Rahman assured the minister of extending possible cooperation from the private sector.
“I will brief our Commerce Minister and request him to expedite the FTA process for expanding trade between the two countries,” Mahbubur Rahman told the Sri Lankan minister. Replying to the ICC Bangladesh President, the Sri Lankan Minister said: “Department of Commerce has already completed the Trade agreement study report on our side and both parties have now exchanged their respective reports.”
“We are ready for the nature of Agreement that you look forward to-whether a Preferential Trade Agreement (PTA) or a Free Trade Agreement (FTA),” added Bathiudeen.
Sri Lanka and Bangladesh inked their second bilateral joint Working Session in Colombo on 23rd September 2014 and came to a consensus on creating a prospective Trade Agreement between the historic partners, but stopped short of the exact nature of the Trade Agreement to be reached ‘for a while’.
Bangladesh and Sri Lanka have completed substantial progress to strike a deal between the two countries on free trade agreement (FTA).
Sri Lankan Industry and Commerce Minister Bathiudeen told ICC Bangladesh President Mahbubur Rahman when he met with him at his office in Colombo, said a ICC press release today.
During the meeting, the Mahbubur Rahman assured the minister of extending possible cooperation from the private sector.
“I will brief our Commerce Minister and request him to expedite the FTA process for expanding trade between the two countries,” Mahbubur Rahman told the Sri Lankan minister. Replying to the ICC Bangladesh President, the Sri Lankan Minister said: “Department of Commerce has already completed the Trade agreement study report on our side and both parties have now exchanged their respective reports.”
“We are ready for the nature of Agreement that you look forward to-whether a Preferential Trade Agreement (PTA) or a Free Trade Agreement (FTA),” added Bathiudeen.
Sri Lanka and Bangladesh inked their second bilateral joint Working Session in Colombo on 23rd September 2014 and came to a consensus on creating a prospective Trade Agreement between the historic partners, but stopped short of the exact nature of the Trade Agreement to be reached ‘for a while’.
