Second round of Malaysia-Bangladesh talks to take place in January
HYDERABAD: Malaysia and Bangladesh have made significant progress in negotiations towards a free trade agreement (FTA), agreeing to hold a second round of talks in January and aiming to conclude the deal by the end of 2027.
The Malaysian and Bangladeshi governments have made significant strides in their negotiations for a free trade agreement (FTA), with plans to convene a second round of discussions in January 2023. According to a statement released by the Bangladesh Commerce Ministry, the initial round of talks concluded in Dhaka after three days of deliberation.
The Bangladesh Ministry detailed that various working groups from both nations assessed draft texts encompassing chapters related to trade in goods and services, investment, digital trade, customs procedures, and rules of origin. Leading the Malaysian delegation was Dr Rashidi Said, a senior official from the Malaysian Investment, Trade, and Industry Ministry (MITI).
Following the successful conclusion of the first round, the Bangladesh Commerce Ministry emphasized that the agreement-drafting process has advanced considerably. Chief negotiator Khadija Nazneen, an additional secretary at the Bangladesh Ministry, expressed optimism that the proposed FTA will elevate the economic partnership with Malaysia and enhance cooperation in key areas such as technology, investment, and industrial sectors.
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