Vietnam, Bangladesh to explore scope of FTA to boost economic ties

17 May '23

1 min read

Pic: Shutterstock

Insights

At the second Bangladesh-Vietnam Foreign Office Consultations held in Dhaka recently, both sides discussed possibilities of signing an FTA to further boost bilateral trade and economic ties, particularly in context of the former graduating from the least developed country status.
They also discussed initiating direct flights between the two countries.

Vietnam and Bangladesh recently agreed to explore possibilities of concluding a free trade agreement to further boost bilateral trade and economic ties, particularly in context of the latter graduating from the least developed country (LDC) status in 2026.

The second Foreign Office Consultations between the two countries, held in Dhaka on May 14, were led by Bangladesh foreign secretary Masud Bin Momen and Vietnamese deputy foreign minister Hung Viet.

Momen urged Vietnamese businesses and entrepreneurs to avail of benefits offered by Bangladesh, particularly in the economic zones, media outlets in Bangladesh reported.

Momen sought an expeditious inclusion of Bangladesh as a sectoral dialogue partner of the Association of Southeast Asian Nations (ASEAN).

Bangladesh also proposed formation of a joint commission at the foreign ministers’ level for comprehensive cooperation.

ALCHEMPro News Desk (DS)

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