Commerce Minister Khandakar Abdul Muktadir has emphasised that the Bangladesh-United States trade agreement should be used strategically to maximise benefits for both countries, dismissing concerns surrounding the deal as unnecessary.
Speaking to reporters on Tuesday after a meeting with US Assistant Trade Representative for South and Central Asia Brendan Lynch at the Ministry of Commerce, the minister said international agreements are inherently based on mutual understanding and shared interests.
He explained that such agreements are designed to ensure a “win-win” outcome, and therefore should not be viewed with undue alarm.
Khandakar Abdul Muktadir noted that the current administration did not initiate the agreement but inherited it as part of the continuity of state policy.
He stressed that agreements between countries cannot be treated like personal arrangements that can be easily revoked. Instead, he said, the focus should be on making the most of the opportunities the deal offers to enhance trade and attract investment.
Referring to a recent US-initiated investigation related to the agreement, the minister said Bangladesh had sought clarification and responded after reviewing the explanation provided.
He added that Dhaka had conveyed its position, suggesting that such a move might not have been constructive within the framework of the existing agreement.
Highlighting Bangladesh’s trade structure, Muktadir rejected claims of dumping, stating that the country does not have excess production capacity in any sector. He pointed out that Bangladesh imports a large share of its goods, while exports - particularly ready-made garments - are produced under strict international compliance standards, leaving no room for labour law violations or child labour.
On the possibility of withdrawing from the agreement, the minister reaffirmed that the government remains committed to safeguarding national interests.
He said the agreement itself includes provisions that allow for revisions if any clause is found to be unfavourable, describing it as having a “self-correcting” mechanism.
The meeting also covered broader issues related to enhancing bilateral trade and investment ties.
Acting Commerce Secretary Md Abdur Rahim Khan was also present there.
