Singapore, Bangladesh to finalise planned FTA by 2026

16 Apr '25

1 min read

Singapore, Bangladesh to finalise planned FTA by 2026

(L-R) Permanent secretary in the Ministry of Foreign Affairs, Luke Goh & foreign secretary Mohammad Jashim Uddin. Pic: Ministry of Foreign Affairs, Bangladesh/Facebook

Insights

Singapore and Bangladesh, during their fourth foreign office consultations on April 14 in Singapore, reaffirmed plans to finalise an FTA by 2026.
They agreed to advance cooperation on customs, taxation, legal assistance, and tourism.
Talks also covered trade, energy, digital economy, health, and agriculture.
Bangladesh invited Singaporean investment in energy and economic zones.

During the fourth foreign office consultations between Singapore and Bangladesh recently, the two countries reiterated their commitment to finalise a proposed free trade agreement (FTA) by 2026, according to the Bangladesh ministry of foreign affairs.

“They also agreed to work towards concluding the Agreement on Customs Cooperation, the Revised Protocol for the Avoidance of Double Taxation, the Treaty on Mutual Legal Assistance in Criminal Matters, and the MoU [memorandum of understanding] on Cooperation in the Field of Tourism,” the ministry said in a Facebook post.

The consultation, held in Singapore on April 14, discussed trade and investment, power and energy, connectivity, digital economy, health, agriculture, waste management, tourism and human resource development apart from regional and global issues.

The Bangladesh delegation was led by foreign secretary Mohammad Jashim Uddin, while the Singaporean side was led by the Luke Goh, permanent secretary in the ministry of foreign affairs.

The foreign secretary invited more Singaporean investment, particularly in the energy sector and economic zones of Bangladesh.

The discussions also focused on potential collaboration in agricultural technology, agri-logistics and contract farming.

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