US, Bangladeshi Officials Convene to Discuss Strengthened Trade, Labor Conditions
U.S. and Bangladeshi officials held an inaugural trade forum on April 28 in accordance with the bilateral Trade and Investment Cooperation Forum Agreement, said the Office of the U.S. Trade Representative (USTR). The two sides vowed to work to improve labor conditions in Bangladesh in order to restore Generalized System of Preferences eligibility, said USTR. The U.S. aims to bolster its trade relationship with Bangladesh in the following areas, said USTR:
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- Investment rules
- Intellectual property protection
- Tariffs on fire safety and prevention equipment
- Fumigation requirements for cotton imports into Bangladesh
- Regional economic development and cooperation in the South and Southeast Asia region