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Thailand, Bangladesh to start FTA talks in Aug last week: Thai envoy

08 Jul '24
1 min read
Thailand, Bangladesh to start FTA talks in Aug last week: Thai envoy
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Insights

  • Thailand and Bangladesh will begin talks for an FTA next month to raise bilateral trade to $2 billion, Thai ambassador to the latter Makawadee Sumitmor has said.
  • A high-level Thai trade delegation will visit Bangladesh in August last week to hold talks.
  • Thai investment in Bangladesh will help reduce the bilateral trade gap, the envoy said.
Thailand and Bangladesh will begin talks for a free trade agreement (FTA) next month to raise bilateral trade to $2 billion, the former’s ambassador to the latter Makawadee Sumitmor recently said.
 
A high-level Thai trade delegation will visit Bangladesh in August last week to hold talks and explore business potential and investment environment, the envoy told a press conference announcing a four-day Thai food festival this month in Dhaka.
 
Thai investment in Bangladesh will help reduce the bilateral trade gap, she was cited as saying by Bangladesh media reports.
 
Prime Minister Sheikh Hasina had visited Thailand from April 24 to 29 this year and held discussions with her Thai counterpart. She had also attended the 80th Session of the United Nations Economic and Social Commission for Asia and the Pacific.
 
Bangladesh’s exports to Thailand stood at $61 million during the July-May period of fiscal 2023-24, according to data from the Export Promotion Bureau of Bangladesh. Annual bilateral trade stands at $1.2 billion.
 

Fibre2Fashion News Desk (DS)

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