Home / Knowledge / News / Apparel/Garments / US, Bangladesh sign trade cooperation forum agreement
US, Bangladesh sign trade cooperation forum agreement
26
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 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: AAFA

Fashion | On 28th Apr 2017

Andrew Rosen, Stuart Vevers among AAFA awardees

Andrew Rosen, founder and CEO of Theory, Stuart Vevers of Coach, Nick ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X