Emphasizing the importance of utilizing the Bangladesh-United States trade agreement for mutual benefit, Commerce Minister Khandakar Abdul Muktadir today said there is no reason for undue concern regarding the deal.
"Any international agreement is formulated through mutual understanding between two parties. A 'win-win' situation is ensured by taking into account the interests of both sides. Therefore, there is no need for unnecessary concern over this agreement," he said.
The minister made the remarks while responding to questions from journalists following a meeting with Brendan Lynch, Assistant US Trade Representative for South and Central Asia, held at the conference room of the Ministry of Commerce this morning, said a commerce ministry press release.
Muktadir noted that the present government did not initiate the agreement but inherited it as part of state continuity. "An agreement between states is not like a personal contract that can be cancelled at will. It is a reality, and we aim to utilize it to its fullest potential to expand trade and investment," he added.
Referring to a recent investigation initiated by the United States, Muktadir said Bangladesh had sought clarification and, based on the response received, conveyed its position and observations. "We have clearly stated that it would have been more positive if such an investigation had not been initiated under the existing agreement framework," he said.
Highlighting Bangladesh's production and trade realities, he said there is no "overcapacity" in any sector in the country, and allegations of dumping are baseless. "We import most of our goods. The products we export, particularly in the ready-made garments sector, are produced under strict international compliance standards. There is no scope for violating labour laws or engaging in child labour," he added.
On the issue of cancelling the agreement, the minister said, "As representatives elected by the people, this government always prioritizes national interest. If any provision of the agreement contradicts Bangladesh's interest, there is scope within the agreement itself to amend it." He described this as a "self-correcting element."
He further noted that the agreement contains provisions for necessary adjustments and revisions, and therefore there is no reason for excessive concern or alarm.
The meeting discussed various issues of mutual interest, including strengthening trade and investment relations between Bangladesh and the United States.
Commerce Secretary (Routine charge) Md Abdur Rahim Khan was present at the meeting.
