National flags of Bangladesh and Bhutan BigstockBilateral trade volume reached $49.65 million in fiscal year 2018-19Bangladesh will sign its maiden bilateral Preferential Trade Agreement (PTA) with Bhutan on Sunday, a move which is expected to boost the bilateral trade between the two neighboring countries in the coming years. “Bangladesh will sign its first PTA with Bhutan tomorrow. Although Bhutan is a small country, but we’ve emotional attachment with Bhutan since they were the first country to recognize Bangladesh on December 6, 1971,” said Commerce Minister Tipu Munshi. The Commerce Minister informed that he himself would sign the agreement on behalf of Bangladesh which is also the country’s first such bilateral preferential trade agreement. Highlighting the bilateral trade volume of the two countries, the Commerce Minister said the bilateral trade volume was just $12.77 million in fiscal year (2008-09) with Bangladesh’s exports to Bhutan amounting $0.61 million while imports from Bhutan fetching $12.16 million.

Source: Dhaka Tribune December 05, 2020 18:56 UTC