8.3. Free Trade Agreements and Preferential Market Access

Bangladesh has entered several Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) to enhance trade relations and market access. Existing agreements include the Bangladesh-Bhutan Preferential Trade Agreement (BB-PTA) implemented in 2022, the South Asian Free Trade Area (SAFTA), and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). Additionally, Bangladesh is actively negotiating FTAs with Malaysia and Thailand. These agreements aim to reduce tariffs, promote export growth, and attract foreign investments. Special Economic Zones (SEZs) are also being developed to facilitate trade further and boost economic expansion.

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