U.S. and Bangladesh Hold Annual Trade Meeting
The U.S. and Bangladesh on Nov. 23 held the second annual meeting of the Trade and Investment Cooperation Framework Agreement Council, a bilateral forum aimed at expanding bilateral trade and investment. An Office of the U.S. Trade Representative press release indicates that the discussions focused on a broad range of bilateral trade and investment issues, including labor rights and workplace safety under the GSP Action Plan and the Bangladesh Sustainability Compact; trends in the investment climate in Bangladesh; capital controls; developments in plurilateral and multilateral trade fora; and opportunities for investment in and cooperation with Bangladesh in several areas, including the development of infrastructure and energy resources. USTR adds that a number of sector-specific market access and commercial issues were discussed with the goal of expeditiously resolving them.
The U.S. and Bangladesh agreed to continue to work together to encourage an environment that creates jobs and raises standards of living in both countries. The parties announced that the third annual TICFA Council meeting would be held in Dhaka, Bangladesh, at a yet to be determined date in 2016.