This government is a transitional government. Constitutionally, it should only do routine work. The signing of an international treaty as important as The Ticfa is not appropriate for a transitional government. That is the first important issue that we need to address. Why didn`t the government disclose the agreement? If we look at the documents of the Ticfa agreements with Sri Lanka and Pakistan, we do not find anything so serious to hide. If our government discloses the agreement, relevant stakeholders will have the opportunity to provide feedback, which will strengthen Bangladesh`s position and protect our national interest. Bangladesh will attend the WTO Ministerial Conference next month. The meeting will address a wide range of trade-related issues, including the environment and work. These two sensitive issues could be included in The Ticfa. The United States may soften in the environment, but it will probably be tough on the issue of labour. The Bangladeshi government has long been cautious on the issue of labour.
In the WTO forum, the least developed countries are dealing with these issues together. For a long time, they opposed the proposals of industrialized countries on environmental and trade labour issues and called them unfavourable to the least developed countries. Our government must be careful. Developed countries often resort to bilateral agreements to avoid multilateral forums where it is more difficult to harass smaller and poorer countries because they work together. I believe that any error in the negotiations will make us vulnerable to pressure from the United States and weaken our position as head of the LDC. I don`t think there`s a strong connection between Ticfa`s signature and the recovery of the GSP itself. The decision to suspend the GSP was made by a quasi-judicial body after lengthy hearings. Bangladesh will have to reject the charges made to withdraw the suspension. Given that labour issues are some of the main issues that enjoy broad support in the country, Bangladesh will find it difficult to oppose its inclusion in ticfa. The United States has controlled Bangladesh quite effectively. Ticfa offers a regular forum to discuss trade and investment issues with the United States.
To live up to the negotiating skill of the United States, Bangladesh must have similar capabilities. The question is, do we have competent negotiators? The newspaper had previously stated that the signing of THE ICTFA was positive because it would bring the trade and investment regimes of the United States and Bangladesh under a framework agreement and, more importantly, it would provide an annual forum to discuss bilateral trade and investment issues, which would be available if necessary. It should be noted that there is currently no such structured forum to discuss bilateral trade and trade issues between the two countries. As far as the United States is concerned, it needs a framework agreement on trade and investment to deepen bilateral relations. For Bangladesh, deepening relations is first and foremost implied by removing some critical barriers to market entry by reducing tariffs. Here, the commitment to Bangladesh weighs heavily. A spokesman for the U.S. Embassy in Dhaka welcomed Monday`s decision: “We look forward to further discussions so that the agreement can be signed in the near future.” The North American Free Trade Agreement (NAFTA); in Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; In French: North American Free Trade Agreement, ALNA) is an agreement signed by Canada, Mexico and the United States, which creates a trilateral trade bloc in North America. The agreement came into force on January 1, 1994 and replaced the 1988 Canada-U.S. Free Trade Agreement. THE NAFTA trade bloc is one of the largest trading blocs in the world, after gross domestic product.