Bangladesh and Thailand have cemented their commitment to commence negotiations on a Free Trade Agreement (FTA) by 2024. The announcement came after the two nations signed a Letter of Intent (LOI) following a bilateral meeting between Prime Minister Sheikh Hasina and her Thai counterpart Srettha Thavisin at the Thai Prime Minister’s Office in Bangkok recently.

The agreement underscores a mutual intent to bolster economic ties and enhance trade relations between the two countries even as during the meeting, aside from the FTA negotiations, an additional agreement and three memorandums of understanding (MoUs) were inked in the presence of the Prime Ministers.

Prime Minister Sheikh Hasina emphasised the importance of Thai investment in Bangladesh’s healthcare sector, urging exploration into investments in hospitals and medical facilities. She also extended invitations for Thai investments in Bangladesh’s special economic zones and hi-tech parks, underscoring avenues for mutually beneficial collaboration.

Addressing the joint press conference, Prime Minister Sheikh Hasina highlighted the signing of an agreement on visa exemption for holders of official passports, facilitating smoother interactions between officials from both nations.

Additionally, an MoU was signed to explore energy cooperation potential, positioning Thailand as a key partner for Bangladesh in this sector.

Another MoU focused on cooperation and mutual assistance in customs matters, aiming to streamline customs procedures and enhance trade efficiency.

Furthermore, an MoU on cooperation in the field of tourism was signed, reflecting efforts to leverage Thai expertise and best practices to enhance Bangladesh’s tourism sector.

Fibre2Fashion News Desk (DR)

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