Bangladesh minister hopeful of preferential trade deal with Indonesia

04 Apr '23

1 min read

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Insights

Bangladesh commerce minister Tipu Munshi recently hoped that his country and Indonesia would soon sign a preferential trade agreement.
He said this while meeting Indonesian ambassador to Bangladesh Heru Hartanto Subolo in Dhaka.
There is a possibility of a final outcome at the fourth meeting of a joint trade negotiation committee in Indonesia, he said.

Bangladesh commerce minister Tipu Munshi recently expressed hope during a meeting with Indonesian ambassador to Bangladesh Heru Hartanto Subolo that both the countries would soon sign a preferential trade agreement.

The ambassador agreed to accelerate steps regarding the signing of a trade deal at the meeting, an official release said.

The two sides had earlier formed a trade negotiation committee, which has held three meetings. The fourth is expected to take place next month in Indonesia.

There is a possibility of a final outcome at the next meeting, Munshi was quoted as saying by Bangladeshi media reports.

Munshi urged businesses from both sides to explore opportunities and identify potential sectors for trade and investment.

He requested Indonesia to grant more access to Bangladesh's apparel, pharmaceutical and leather goods to the former’s market for a balanced two-way trade and ease the visa process for Bangladeshi nationals.

Ambassador Subolo agreed to take steps regarding the signing of a memorandum of understanding between the apex trade chambers of both sides.

Fibre2Fashion News Desk (DS)

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