Home / Knowledge / News / Apparel/Garments / US, Bangladesh sign trade cooperation forum agreement
US, Bangladesh sign trade cooperation forum agreement
Nov '13
Ambassador Froman
Ambassador Froman
The United States and Bangladesh have signed the Trade and Investment Cooperation Forum Agreement (TICFA), aimed at expanding trade and strengthening economic relations between the two countries.
TICFA would serve as a forum to monitor trade and investment relations between the two countries and identifying opportunities for expanding trade and investment between them.
The Forum shall consider specific trade and investment matters of interest to both the countries, and also identify and work to remove impediments to trade and investments between the countries.
The agreement also provides for seeking the advice of the private sector and civil society, where appropriate, on matters related to the Forum’s work.
The agreement was signed by Bangladesh Secretary of Commerce Mahbub Ahmed and Acting Deputy U.S. Trade Representative Wendy Cutler, in Washington D.C., according to a press release from the Office of the U.S. Trade Representative.
Speaking at the signing ceremony, U.S. Trade Representative Michael Froman said, “With this agreement, the U.S. and Bangladesh will more regularly work together to address issues of concern in our trade and investment relationship.”
“Importantly, we’ll also be able to track and discuss Bangladeshi efforts to improve worker safety and worker rights. This is an important priority for the United States as Bangladesh seeks to prevent more tragedies in its readymade garment sector,” Mr. Froman added.
Bangladesh is currently the 59th largest goods trading partner of the United States, with total bilateral goods trade touching US$ 5.4 billion in 2012.  
While the U.S. is likely to stress on compliance issues, the Bangladesh side may seek early revoking of suspension of its Generalised System of Preferences (GSP) status, as well as inclusion of garments in the GSP, during discussions under TICFA.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search