Dhaka to resume FTA talks with Beijing

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MNA Business Desk: Bangladesh is going to resume negotiations on a free trade agreement (FTA) with China to boost trade with the world’s second-largest economy, officials said.

As part of the process, a high-powered delegation of the government would visit Beijing in June and discuss with their Chinese counterparts on a joint-feasibility study to assess the economic potentials of such bilateral agreement, officials said.

Though the visit was supposed to happen early this year, it did not take place for unknown reasons.

In March, Bangladesh became eligible to graduate from an LDC (least-developed country), for which it could lose a string of trade benefits like preferential market access to the developed and developing economies after 2024.