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: 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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How can the historical context of their past conflicts impact the future economic agreements discussed in the JEC meeting?
**Interview with Dr. Amina Rahman, South Asia Relations Expert**
**Interviewer:** Thank you for joining us today, Dr. Rahman. There’s a lot of talk about the upcoming meeting of the Pakistan-Bangladesh Joint Economic Commission (JEC) and the potential strengthening of bilateral relations. What are your thoughts on this development?
**Dr. Rahman:** Thank you for having me. This meeting comes at a crucial time when both countries are looking to enhance their cooperation in various fields. With the proposed discussions on trade, defense production, and a Bilateral Investment Treaty (BIT), we are seeing a real opportunity to solidify ties after a historically complex relationship.
**Interviewer:** Indeed. The agenda includes a review of existing trade relations. What do you believe are the key areas where both nations can improve their trade relationship?
**Dr. Rahman:** The focus on enhancing trade relationships is vital. Currently, both countries stand to benefit from clearer trade agreements and greater market access. For instance, Bangladesh’s request for duty-free access to ten product categories could significantly boost its exports to Pakistan, promoting mutual economic growth. Additionally, a review of current tariffs and trade restrictions will be essential to maximize their economic potential [[1](https://www.jstor.org/stable/41394082)].
**Interviewer:** You mentioned political changes in Bangladesh impacting this meeting. Can you elaborate on this?
**Dr. Rahman:** Yes, the recent political shifts in Bangladesh have created a more conducive environment for dialog. The Ministry of External Affairs’ proactive approach in preparing for the JEC indicates a willingness to move towards more substantive engagements. This is critical because stable political conditions allow for more robust economic agreements, fostering trust and cooperation [[1](https://www.jstor.org/stable/41394082)].
**Interviewer:** What challenges do you foresee in these discussions?
**Dr. Rahman:** One of the significant challenges is the historical context of Pakistan-Bangladesh relations. Despite recent efforts towards cooperation, lingering sensitivities from past conflicts can complicate negotiations. Both governments need to approach these discussions with an understanding of these historical nuances while focusing on the mutual benefits of collaboration [[1](https://www.jstor.org/stable/41394082)].
**Interviewer:** what should be the long-term vision for Pakistan and Bangladesh after these discussions?
**Dr. Rahman:** The long-term vision should be to establish a strategic partnership that extends beyond just economic ties. This could involve collaboration in areas like technology transfer, education, and even defense. By building a solid foundation now, both countries can ensure a resilient and mutually beneficial relationship that can adapt to future challenges [[1](https://www.jstor.org/stable/41394082)].
**Interviewer:** Thank you, Dr. Rahman, for your insights. It will be interesting to see how these discussions unfold in the JEC meeting.
**Dr. Rahman:** Thank you for having me. I share your anticipation and hope for productive outcomes that can advance Pakistan-Bangladesh relations.
