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FOREIGN TRADE RELATIONS OF BANGLADESH: AN OVERVIEW OF TRADE TREATIES

Md. Habib Alam ,Dr. Md. Anowar Zahid


Present world economy is an interdependent one. Every state needs friendly business relationship with other states, which is done normally by multilateral or bilateral free trade agreements. This facilitates cross-border business. Accordingly, Bangladesh has signed many treaties with different countries and organizations. In the first place, it is a member of the World Trade Organisation (WTO) and as such is committed to carry out multilateral treaty obligations of GATT, GATS and TRIPS. It signed some regional agreements as well, such as SAFTA, ESCAP, SAPTA. In addition, Bangladesh signed bilateral treaties with different countries including Belgium Luxembourge Economic Union, India, Denmark, Malaysia, Singapore, Thailand, Vietnam, etc. This paper will overview the treaties, especially the principal ones, to inform the readers of Bangladesh’s role and position in international trade in terms of treaty.