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 report by the Business Recorder, JEC’s importance has increased in light of the 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 requests 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: Reactivation of 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 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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In what ways do recent political changes in Bangladesh influence its relationship with Pakistan, and how might this impact future collaboration in defense production?
**Interview with Dr. Samira Khurshid, Expert in South Asian Relations**
**Interviewer:** Thank you for joining us today, Dr. Khurshid. Pakistan and Bangladesh seem poised to strengthen their bilateral relations significantly. Could you give us an overview of what’s on the agenda for the upcoming meeting of the Pakistan-Bangladesh Joint Economic Commission (JEC)?
**Dr. Khurshid:** Thank you for having me. The upcoming JEC meeting is indeed an important occasion for both countries. The agenda includes a comprehensive review of their existing trade relations and exploring various enhancement measures. A significant point of discussion will be Bangladesh’s request for duty-free access for 10 product categories, which would enhance trade by covering a total of 104 products. This move could facilitate greater economic cooperation and provide mutual benefits for both countries.
**Interviewer:** That sounds promising. How do you think recent political changes in Bangladesh might influence this meeting?
**Dr. Khurshid:** The recent political developments have certainly underscored the importance of the JEC. As the political landscape shifts, economic collaborations become increasingly crucial for stability and growth. The Ministry of External Affairs in Pakistan is keenly aware of these dynamics and is working to finalize a robust agenda. This indicates a desire on both sides to move past historical grievances and focus on pragmatic solutions that benefit their economies.
**Interviewer:** Defense production is also mentioned in conjunction with trade and investment talks. What potential developments can we expect in this area?
**Dr. Khurshid:** Yes, defense cooperation is an emerging area of interest. Both nations can benefit from various aspects, such as joint production agreements and technology transfer. The current geopolitical climate necessitates greater collaboration in defense, which could include discussions on shared security interests and joint manufacturing initiatives. Strengthening defense ties could not only bolster their security frameworks but also create pathways for economic partnerships through defense-related industries.
**Interviewer:** Looking at the bigger picture, what does strengthening the Pakistan-Bangladesh relationship mean for regional stability in South Asia?
**Dr. Khurshid:** A strengthened relationship could play a pivotal role in enhancing regional cooperation in South Asia. Improved economic ties may lead to more dialog and collaboration on various platforms, fostering a sense of community among neighboring countries. This cooperation could reduce tensions and encourage collective approaches to challenges such as trade disputes and security concerns. Ultimately, a robust Pakistan-Bangladesh partnership could serve as a foundation for broader regional stability and economic development.
**Interviewer:** Thank you, Dr. Khurshid. Your insights provide a clear picture of the promising future that lies ahead for Pakistan and Bangladesh.
**Dr. Khurshid:** Thank you for the opportunity to discuss this vital topic. I look forward to seeing how these discussions unfold at the JEC.
