Trade AssociationNews

PM emphasizes signing PTA and FTA with Brazil to boost trade

BTJ Desk Report
PM emphasizes signing PTA and FTA with Brazil to boost trade

Prime Minister Sheikh Hasina laid emphasis on the necessity of boosting trade cooperation between Bangladesh and Brazil as there is a huge prospect of expansion of trade and business between the two countries.

She laid the emphasis when Brazilian Ambassador to Bangladesh Paulo Fernando Dias Feres paid a courtesy call on her at the premier’s official residence Ganabhaban on Sunday.

Prime Minister’s Speech Writer Md. Nazrul Islam briefed reporters after the meeting.

Sheikh Hasina requested the Brazilian government to take steps over the expansion of bilateral trade and business.

She emphasized signing a preferential trade agreement (PTA) or free trade agreement (FTA) with Brazil and three other MERCOSUR (Southern common market) countries – Argentina, Paraguay, and Uruguay – soon as Bangladesh will finally graduates into a developing country in 2026.

Noting that the discussions continue over signing PTA or FTA with the MERCOSUR countries, the Prime Minister asked to complete the deal-signing process soon.

She also emphasized enhancing agricultural cooperation between Bangladesh and Brazil as the two countries are agricultural.

Regarding pharmaceuticals, a prominent Bangladeshi export item to the Brazilian market, she said the pharmaceutical item is now facing some restrictions over the registration process in the Brazilian market. She asked the Brazilian authority to ease the restrictions.

She congratulated new Brazilian President Luiz Inacio Lula da Silva.

The Brazilian Ambassador said Bangladeshi readymade garments (RMG) have a great demand in the Brazilian market. Brazil can be a big market for Bangladeshi RMG products, he added.

He said there is a huge scope to strengthen the bilateral cooperation between the two countries, particularly over trade and technology.

Paulo Fernando put emphasized enhancing the people-to-people and business-to-business contact between the two countries.

Talking about bilateral agricultural cooperation, the envoy said good agricultural practices, experiences, and technology can be shared with each other.

Prime Minister’s Ambassador-at-Large Mohammad Ziauddin, Principal Secretary M. Tofazzel Hossain Miah, and Foreign Senior Secretary Masud Bin Momen were present.


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