Joint trade commission to foster links with Bangladesh
Bangladesh is rushing to push forward a draft proposal to form a joint trade commission with Cambodia that is expected to be signed this year, an official from Cambodia’s Commerce Ministry said on February 12. Soeng Sophary, spokesperson for the Ministry of Commerce, said that Bangladesh was close to settling its terms for a trade commission and that this would eventually lead to a bilateral trade agreement that would drop tariffs on potential imports. She added that the Commerce Ministry had already agreed in principal on a commission framework and was just awaiting official approval from its Bangladeshi counterparts. “We have agreed on which products and items that Cambodia will allow Bangladesh to import and export tariff free and that will be revealed when we officially sign the agreement,” she said. “Both countries are dependent on the garment industry as the main driver of economic growth, so we are looking at ways that trade can complement each other’s growth.”
