Audio system at a webinar on Sunday stated that to maximise the usage of commerce agreements to attain improvement outcomes, there’s an ardent have to strengthen the capacities of Bangladesh to take part successfully in multilateral, regional and bilateral commerce negotiations.
The audio system made the suggestion at a webinar titled- ‘Worldwide Commerce Negotiations: Bangladesh perspective’ organized by Institute of Chartered Accountants of Bangladesh (ICAB),’stated a press launch, BSS experiences.Governor of Bangladesh Financial institution Fazle Kabir joined the webinar as chief visitor whereas secretary to the federal government and chairman of Bangladesh Commerce and Tariff Fee Afzal Hossain was the particular visitor.
On the webinar, they stated, Bangladesh has been pursuing some BIMSTEC, APTA, and few bilateral FTAs by way of which it’s stressing on creating higher market entry for items, notably duty-free and quota-free market entry, preferential market entry in providers the place Bangladesh has a lot potentials, elimination of non-tariff obstacles (NTBs).
President of ICAB Shahadat Hossain delivered the deal with of welcome whereas Chief Government Officer of ICAB and Former Senior Secretary of Ministry of Commerce Shubhashish Bose offered the keynote paper within the webinar. Dr. Zaidi Sattar, Chairman, Coverage Analysis Institute of Bangladesh (PRI), Noor Md. Mahbubul Haq, Further Secretary (FTA), FTA Wing, Ministry of Commerce and Md. Humayun Kabir, Member Council and Previous President-ICAB and Chief Government, Shinepukur Ceramics Ltd joined the webinar as panel audio system. NKA Mobin, Vice President of ICAB delivered the closing remarks within the webinar.
ICAB President Shahadat Hossain stated `Bangladesh has adopted the coverage of executing Bilateral Free Commerce Agreements (FTAs) and Preferential Commerce Agreements (PTAs) and likewise signed a bilateral PTA with Bhutan in 2020 and related initiatives have already been taken for signing agreements with 11 different international locations,’ Mr. Hossain stated that there’s an initiative to conduct a joint feasibility research on the proposed Complete Financial Partnership Settlement between Bangladesh and India.
He additionally stated, there’s additionally an ardent have to strengthen the capacities of creating international locations together with Bangladesh to take part successfully in multilateral, regional and bilateral commerce negotiations and maximize the usage of commerce agreements to attain improvement outcomes. `The federal government businesses, political events, non-public sector, academia, key policy-makers, together with parliamentarians should have to be concerned in commerce negotiation course of. In any other case, commerce negotiation will turn into both not possible or implementation of the end result of it won’t be attainable,’ he opined.