Nepal, Bangladesh preparing to sign preferential trade agreement

24 January 2021, Kathmandu

Bangladesh has said that it will sign a preferential trade agreement (PTA) with Nepal within a short time in order to improve bilateral trade.

“Discussion is underway with more countries regarding the signing of trade agreements. This will be beneficial for us in the long term although it may not appear advantageous for the time being,” said Bangladeshi Commerce Minister Tipu Munshi.

Munishi shared the info at the inauguration of the campus of Bangladesh Institute of Plastic Engineering and Technology in Dhaka’s Keraniganj, Bangladeshi media reported.

The development came more than a month after Bangladesh inked a PTA with Bhutan to safeguard the trade benefit after graduation from the least developed country status in 2024.

Dhaka demanded zero-duty entry for 140 products to Kathmandu in October last year, according to a report in The Daily Star.

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