TICFA: Issues, Realities and Possible Impacts
The Daily Sun on November 30, 2013
3 Pages Posted: 1 Dec 2013
Date Written: November 30, 2013
Bangladesh government singed the Trade and Investment Cooperation Framework Agreement (TICFA) with the USA on November 25, 2013. Mahbub Ahmed, Commerce Secretary to the government of Bangladesh and Wendy Cutler, Acting Deputy US Trade Representative, signed the agreement on behalf of both the countries. Experts and political leaders are giving their opinion and trying to relate the political climate to the signing of TICFA. Let’s try to understand the TICFA.
There are 16 paragraphs at the preamble of the agreement beginning with the desire for the enhancement of the friendship bondage between Bangladesh and the USA with spirit of cooperation in the field of expanding trade and strengthening economic relationship. In this age of globalisation and free market economy countries are signing bilateral, regional even multilateral trade agreements for cooperation for the best utilisation of possible opportunities. I do not found any harm in Bangladesh strengthening economic ties with the USA as they are the largest destination of our export items and can be a leading investor here.
Keywords: TICFA, Trade and Investment Cooperation Framework Agreement, US-Bangladesh Trade Agreement, US-Bangladesh Trade Relations
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