General

Bangladesh, Indonesia for early signing of PTA

Bangladesh and Indonesia on Thursday stressed early signing of 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 MoUs and agreements on a fast-track basis, pursue sector specific agenda and do the needful to expand the volume of bilateral trade and investment.

Bangladesh sought Indonesia’s continued support for Rohingya repatriation and appreciated the last ASEAN Leaders’ Meeting which also called for early repatriation of Rohingyas to Myanmar. Indonesia assured to stand beside Bangladesh on Rohingya issue.

Bangladesh and Indonesia held their first ever Foreign Office Consultations (FOC) on Thursday and discussed the issues.

Bangladesh Foreign Secretary Masud Bin Momen and Director General for Asia Pacific and Africa, Ministry of Foreign Affairs, Republic of Indonesia, Abdul Kadir Jailani led respective delegations at the Consultations.

The two sides comprehensively reviewed the present status of bilateral relation between the two countries.

Bangladesh requested Indonesia to offer its readymade garments duty free benefits and not to impose safeguard measures on its textile products as has been notified by the Indonesian side.

With regard to the huge trade imbalance which is in favour of Indonesia, the two countries agreed to exchange business delegations and organize frequent single country and single product trade fairs.

Source: United News of Bangladesh