Bangladesh government has approved Bangladesh’s proposal to join the Investment Facilitation for Development Agreement (IFDA) under the World Trade Organization’s Joint Statement Initiative, aiming to strengthen the country’s investment environment and attract more foreign direct investment (FDI).
The decision was taken at a Cabinet meeting held at the Secretariat, chaired by Prime Minister Tarique Rahman.
Cabinet Secretary Nasimul Ghani said the agreement is designed to facilitate FDI by improving transparency and efficiency in investment-related procedures. He noted that the pact does not impose new obligations on market access or investor-state dispute settlement.
Instead, the agreement focuses on simplifying registration and approval processes, reducing redundant applications, and maintaining a comprehensive database of domestic investors.
The government expects that joining the IFDA will enhance Bangladesh’s global image as a competitive and investment-friendly destination.
