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Bangladesh, Indonesia urge for early signing of PTA


At their first Foreign Office Consultations, Bangladesh and Indonesia emphasized on accelerating the signing of a Preferential Trade Agreement (PTA) within the ambit of which potential export items from both countries would be allowed to enter duty-free.

The two countries agreed to complete the signing of pending agreements on a fast-track basis, pursue sector specific agenda and do the needful to expand the volume of bilateral trade and investment.

Bangladesh has requested Indonesia to offer its readymade garments duty free benefits and not to impose safeguard measures on its textile products

The consultations were attended by Masud Bin Momen, Bangladesh Foreign Secretary and Abdul KadirJailani, Director General for Asia Pacific and Africa, Ministry of Foreign Affairs, Republic of Indonesia.

The two sides comprehensively reviewed the present status of bilateral relation between the two countries. The two countries also agreed to exchange business delegations and organize frequent single country and single product trade fairs.

Bangladesh sought market access to Indonesia’s Halal trade and investment from Indonesia in the agro processing.

Both sides agreed to promote cooperation on matters such as combating corruption, counter-terrorism, science and technology, export promotion, defense cooperation, climate change adaptation and mitigation, ethical migration, parliamentary exchange and pursuing sustainable development goals.