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Dhaka Tribune

Dhaka concerned over trans-pacific trade partnership

Update : 24 Nov 2015, 08:11 PM

Bangladesh has voiced its concerns over the formation of Trans-Pacific Partnership (TPP), a trade agreement among Pacific Rim countries, fearing it might adversely impact Bangladesh’s export to the US and other TPP countries.

Dhaka expressed the concern at the second annual council meeting of the Bangladesh-US Trade and Investment Cooperation Forum Agreement (Ticfa) held at the USTR office in Washington DC Monday.

Bangladesh urged the US to grant duty-free and quota-free access to Bangladeshi products as per the Hong Kong Ministerial Declaration and Bali Package adopted at the Bali WTO ministerial conference.

It was also noted at the meeting that the African Growth and Opportunity Act (AGOA) of the US discriminates between African LDCs and Asian LDCs, including Bangladesh.

The meeting discussed wide range of other issues including progress on workers’ rights, Sustainability Compact and GSP Action Plan, investment climate in Bangladesh, transformation of Bangladesh, market access and responsible business conduct, Istanbul Program of Action, Bali Package implementation, fair pricing, blue economy and infrastructure. 

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