Bangladesh has formally conveyed to the Eurasian Economic Union (EAEU) its intent to sign a free trade agreement (FTA) as the country prepares for a socioeconomic status change, Fibre2Fashion reports.
The proposal was made recently amid a cue from the Eurasian Economic Commission (EEC), which could seek concurrence of its member-states—Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan.
These five Eastern European countries have over $1.5 billion annual bilateral trade with Bangladesh, which, Bangladesh commerce ministry officials think, can rise manifold if an FTA is inked.
Bangladesh and the EEC signed a memorandum of cooperation in Moscow in May 2019 to take forward bilateral trade. Later, a work...
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