US proposes to hold TICFA int’l meeting every three to four months

The United States (US) has proposed to hold the Trade and Investment Cooperation Forum Agreement (TICFA) International meeting in every three to four months to increase trade and investment with Bangladesh.

The proposal was come at a ‘TICFA International” meeting between Bangladesh and the US on Tuesday night through online platform, said a press release.

A 24-member Bangladesh delegation led by Commerce Secretary Dr Md Jafar Uddin took part at the meeting from Bangladesh side while a 13-member delegation led by Assistant US Trade Representative for South and Central Asia Chris Wilson joined the meeting from the US side.

At the meeting, the US team informed that the US government will assist, if Bangladesh sends the list of companies that have canceled orders for ready-made garments during the Coronavirus pandemic.

Bangladesh seeks the cooperation of the US government in facilitating the export of various international quality products to the United States. In particular, it called for a reduction in tariffs on ready-made garment exports.

During the meeting, the investment opportunities announced in Bangladesh were also highlighted in detail.

In the meeting, the United States raised various issues, including resolving the complexities of cotton exports to Bangladesh, amending the e-waste regulation, amending the country’s National Building Code, introducing digital trade and reducing import duties on various US products.