Status of Bangladesh-Myanmar Trade Negotiations
3 Pages Posted: 30 Mar 2009
Date Written: March 29, 2009
This is an era of globalization. The World Trade Organization (WTO) is working hard to ensure free movement of goods and services across the world. No country of the world is self-sufficient; everyone has some advantages and disadvantages. People once used to share their strengths and weaknesses with others for the sake of peaceful living. The modern system of this sharing is multilateral trading system under the umbrella of WTO or regional trade agreement like the EU, ASEAN, SAFTA, APTA, etc. As multilateral trade negotiation in the WTO is getting delayed because of so many issues, countries are moving to regional free trade arrangements, even bilateral free trade arrangements, to make to process quicker.
With the same end in view, Bangladesh-Myanmar Joint Trade Commission (JTC) was formed in 2003 to promote mutual trade and investment among us. In the meantime, two meetings of this JTC were held and some very important trade related issues were initiated in those meetings. But until now, none of the issues has been finalized. We must remember that, in this age of ITC, no opportunity will wait for any one. If someone fails to take the opportunity in time, we must see that it has been taken by any other else. The problems and issues involved in Bangladesh-Myanmar trade negotiation are about:
Mutual exchange of gas and fertilizer issue.
Increasing market access of Bangladeshi products into Myanmar.
Border market and trade exhibition, etc.
Keywords: Trade Negotiation, Bamgladesh-Mayanmar Trade Relations
JEL Classification: Trade Negotiation, Bamgladesh-Mayanmar Trade Relations
Suggested Citation: Suggested Citation