Pakistan and Bangladesh are ready to strengthen their bilateral relations in various fields including trade, defense production and signing of Bilateral Investment Treaty (BIT). Informed sources have indicated that these proposals will be reviewed in the upcoming meeting of the Pakistan-Bangladesh Joint Economic Commission (JEC).
According to a Business Recorder report, the importance of JEC has increased in the light of recent political changes in Bangladesh. The Ministry of External Affairs (MOFA) is currently working closely with the concerned ministries to finalize the agenda for the next meeting of the JEC.
Main points of the agenda
The following issues will be discussed during the JEC.
Bilateral Trade Overview: Review of existing trade relations and enhancement measures.
Duty Free Access: Bangladesh’s request for duty-free access to 10 product categories, covering a total of 104 products.
Free Trade Agreement: Negotiations on Bilateral FAT
Business diversity: Finding ways to diversify trade between the two countries.
Technical Cooperation in Textiles: Enhancing cooperation in the textile sector.
SME Sector Support: To promote cooperation between small and medium enterprises of the two countries.
Joint Business Council: Reactivating the Joint Business Council to facilitate business relations.
Regular exchange of trade delegations: Establish a forum for trade delegations to enhance direct interaction and provide other resources for discussion.
This upcoming JEC meeting will provide an important opportunity for both countries to strengthen their economic ties and explore new avenues for cooperation.
Bangladesh proposes a nuclear arms deal with Pakistan
According to the sources, the High Commissioner of Pakistan in Dhaka has highlighted the goodwill with the current government of Bangladesh.
According to sources, in view of this favorable environment, the High Commissioner emphasized the need to convene the Joint Economic Commission (JEC) at the earliest. He has held discussions with the adviser and commerce secretary in Bangladesh and stressed the importance of speeding up the process.
The first official statement of the government of Pakistan on the situation in Bangladesh came out
Bangladesh is currently negotiating concrete dates and an agenda for the JEC, which is expected to be held in Dhaka in late December or early January.
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What role do you believe the Pakistan-Bangladesh Joint Economic Commission will play in enhancing trade relations between the two countries in light of their historical complexities?
**Interview with Dr. Asim Khan, Expert on South Asian Relations**
**Interviewer:** Thank you for joining us today, Dr. Khan. Recent reports indicate that Pakistan and Bangladesh are aiming to strengthen their bilateral relations through various avenues. What significance do you see in the upcoming meeting of the Pakistan-Bangladesh Joint Economic Commission (JEC)?
**Dr. Khan:** Thank you for having me. The upcoming JEC meeting is indeed significant, particularly in the context of recent political changes in Bangladesh. Strengthening bilateral relations can enhance economic cooperation between the two countries, which have historically had a somewhat complex relationship. The discussions around trade, defense production, and the Bilateral Investment Treaty (BIT) underscore a mutual recognition of each other’s potential.
**Interviewer:** You mentioned the importance of political context. Can you elaborate on how Bangladesh’s current political climate might influence these discussions?
**Dr. Khan:** Absolutely. With Bangladesh navigating a political crisis, the need for economic stability becomes paramount. The JEC could serve as a platform for both countries to address any economic vulnerabilities arising from this situation. For Bangladesh, strengthening ties with Pakistan could provide a buffer against economic downturns and environmental challenges. This is also a moment for Pakistan to reinforce its role as a regional partner, promoting stability in South Asia [[1](https://tribune.com.pk/story/2485940/a-turning-point-in-bangladesh-implications-for-the-region-and-lessons-for-pakistan)].
**Interviewer:** What specific agenda items are you expecting will hold the most weight in the discussions?
**Dr. Khan:** The focal points for the JEC are quite telling. A review of existing trade relations and exploring enhancement measures will be crucial. Additionally, Bangladesh’s request for duty-free access to a set number of product categories signifies a desire to boost trade balance and increase exports. This can lead to a more favorable and interdependent economic relationship between the two nations [[1](https://tribune.com.pk/story/2485940/a-turning-point-in-bangladesh-implications-for-the-region-and-lessons-for-pakistan)].
**Interviewer:** In terms of trade, how important is duty-free access for Bangladesh?
**Dr. Khan:** Duty-free access is vital for Bangladesh as it seeks to enhance its export capacity, particularly as a developing economy. Such access can help Bangladeshi goods remain competitive in international markets, thus stimulating local industries. This request reflects a strategic move to not only diversify but also solidify trade relations with Pakistan, which is integral given the shifting dynamics in the region.
**Interviewer:** Lastly, Dr. Khan, what is your overall outlook on the future of Pakistan-Bangladesh relations following the JEC meeting?
**Dr. Khan:** I am cautiously optimistic. Both nations have much to gain from a stronger partnership, especially in trade and investment. If the JEC can produce concrete outcomes, it could set a precedent for further cooperation, paving the way for a more stable and prosperous relationship. The geopolitical landscape is always shifting, and both nations can benefit from a united front that prioritizes regional stability and economic growth.
**Interviewer:** Thank you, Dr. Khan, for sharing your insights with us today.
**Dr. Khan:** Thank you for having me.
