Feb 13 โ€ข 12:44 UTC ๐Ÿ‡ท๐Ÿ‡บ Russia RT

Bangladesh may renegotiate trade deal with US โ€“ top aide

A top aide to Bangladesh's BNP leader states that the incoming government will renegotiate unfavorable trade agreements with the US after winning a significant parliamentary majority.

Following the recent Bangladeshi election, which resulted in a two-thirds majority for the Bangladesh National Party (BNP), a leading aide to BNP chairman Tarique Rahman, Ziauddin Hyder, has indicated a willingness to renegotiate the country's trade deal with the United States. He noted that there are several aspects of the existing trade agreements that do not favor Bangladesh, and emphasized the need to foster a more beneficial relationship with the US, while also prioritizing national interests.

Hyder highlighted that the issue of trade with the US has been a topic of considerable discussion over recent months and that the BNP is poised to approach these negotiations with a focus on increasing trade volumes and opportunities for Bangladesh. The objective is not only to renegotiate existing unfavorable deals but also to enhance the overall trade relationship in a manner that supports the country's economic growth.

Moreover, when addressing the complexities of Bangladesh's geopolitical positioning between major powers such as the US, China, and India, Hyder underscored that the government's primary determination would be to safeguard Bangladesh's national interests rather than aligning strictly with any one country. This pragmatic approach reflects the BNP's strategy of strengthening trade links while maintaining a balanced foreign policy, which could have significant implications for the region's economic dynamics.

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