Dhaka: Bangladesh is in no rush to sign a free trade agreement with China, a senior Bangladeshi trade official said on Tuesday, though Chinese officials said it would help the poor South Asian country cut its deficit with its largest trading partner.
China is expected to host talks in June, having first floated the idea of an FTA in 2016. Bangladesh does not have an FTA with any trade partner.
“We have no intention to sign such an agreement right now and we are not in a hurry, but we may continue to discuss this,” Shubhashish Bose, secretary of the commerce ministry, told Reuters on Tuesday.
Bangladesh mainly imports machinery, cotton, consumer products and chemical and chemical products from China, while exporting jute, jute products, readymade garments and processed leather the other way.