The government was asked by the nation’s business community on Monday to negotiate additional free trade agreements (FTAs) and preferential trade agreements (PTAs) with different nations and regional cooperation organizations, according to news agency BSS.
According to a press release, the business executives made this request at the FBCCI on Monday during the second meeting of the Standing Committee on International Affairs, International Trade Bodies, Development Partners, and Strategic Partners.
According to the press release, after graduating from the LDC category in 2026, Bangladesh would confront a number of difficulties in the global market.
FBCCI Vice President M. A. Momen said during his speech as the major guest, “We have to start preparing for the LDC graduation today. Entrepreneurs and businesspeople from all segments of Bangladesh should step forward. To draw attention to Bangladesh’s promising industries among foreign investors, we are hosting the Bangladesh Business Summit in March.
He added that the FBCCI is striving assiduously to bring about economic growth.
FBCCI vice president Md. Amin Helaly said, “We’re on the verge of LDC graduation, so we need to start working from now on to tackle the challenges. Discipline in Trade is more crucial at this stage. FBCCI is working closely with the government and other stakeholders to address the issues discussed in the standing committee and help the authority to implement the policy.”
He said that the FBCCI is collaborating with the Ministries of Foreign Affairs and of Commerce to boost foreign investment and commerce.
To boost Bangladesh’s position in the world trading system, the speakers emphasized the signing of free trade agreements with numerous nations and international organizations including the World Trade Organization and UNCTAD.
According to committee director in charge Syed Moazzem Hossain, the FBCCI will shortly host a seminar on FTA and PTA.