Skip to main content
Latest

Bangladesh's 3-point strategic proposals at meeting with MFAT in Wellington

Advertisement
Bangladesh's 3-point strategic proposals at meeting with MFAT in Wellington
To strengthen trade and diplomatic ties with New Zealand, Bangladesh held a high-level meeting with New Zealand's Ministry of Foreign Affairs and Trade (MFAT) in Wellington. Led by Commerce Secretary Md. Ataur Rahman Khan, the Bangladesh delegation made three strategic proposals—seeking support for RCEP membership, additional time until 2029 for LDC graduation, and concluding a bilateral free trade agreement (FTA) with New Zealand.

At the meeting, Bangladesh highlighted progress in the required reforms for RCEP membership and proposed 15-20 years of tariff flexibility like ASEAN LDC members. In the context of the Russia-Ukraine war, inflation, and post-2024 student-public uprising reforms, it sought time until 2029 for LDC graduation. It was also mentioned that a bilateral FTA would play a role in expanding the market for New Zealand's dairy, agricultural, and metal products in Bangladesh's large market.

Advertisement
300*250 Ad-A-P1

 

Advertisement
300*250 Ad One-Green

Three proposals were made for future cooperation—establishing annual trade policy consultations, forming a joint taskforce for FTA negotiations, and strengthening coordination on the LDC application at the United Nations. New Zealand reportedly responded positively to Bangladesh's invitation.

Advertisement
728*90 Ad One-be
Dhaka Magazine Follow our Google News channel for updates
Economy More from
US grants 100% tariff exemption on specialized medicines to 19 countries including Bangladesh

US grants 100% tariff exemption on specialized medicines to 19 countries including Bangladesh

6 hours ago
Not to please anyone, Boeing bought out of necessity: Humayun Kabir

Not to please anyone, Boeing bought out of necessity: Humayun Kabir

1 day ago
Government formulating export diversification strategy targeting markets of 18 countries

Government formulating export diversification strategy targeting markets of 18 countries

1 day ago
Commerce Minister calls for responsible role to keep egg market stable

Commerce Minister calls for responsible role to keep egg market stable

1 day ago
Bangladesh's set of proposals to increase trade and investment with Yunnan

Bangladesh's set of proposals to increase trade and investment with Yunnan

2 days ago
Prime Minister's UN programmes will have positive impact on trade: Commerce Minister

Prime Minister's UN programmes will have positive impact on trade: Commerce Minister

2 days ago