Business Today

Effective regional cooperation requires its own preparation

In addition to strengthening free trade and economic relations between countries, internal preparation is necessary to make regional cooperation fruitful, economists and experts believe. This will speed up the implementation of free trade commitments.

Speakers said this at the publication festival of the book titled ‘The Understanding of Free Trade Agreement: The Rhetoric and Reality of SAFTA’ at the Information Bhavan Auditorium on Circuit House Road in the capital on Monday. The book was written by the First Secretary (Customs) of the National Board of Revenue. Neyamul Islam

The book will be useful for economic policy makers and researchers. Neyamul Islam said, “The book has highlighted the purpose of the South Asia Regional Free Trade Agreement or SAFTA.” Tried to elaborate on trade facilitation, customs and trade-related general agreement or GATT agreement.

In the speech of the chief guest, the vice chancellor of Dhaka University said about the book. Akhtaruzzaman said, the theme of the book has two aspects. One is international trade and the other is regional cooperation and international law. But the book is mainly written on the promise of free trade. Various references to software have been specifically highlighted. The book will be useful in the fields of international free trade, international law, economics and research.

In the speech of the special guest, CPD’s special fellow Mostafizur Rahman said, ‘SAFTER action plan was made in 1999 at the SAARC conference. When SAFTA was signed in 2006, the environment was different. Maybe we won’t get regional cooperation now in the light of Safta. Political situation has changed the economy of different countries. Preparation with the subjects is important. This book will be useful to remove the problems and obstacles that have arisen in trade in the form of Safta.

Salim Raihan, Executive Director of SANEM said, ‘When we look at South Asia from the perspective of necessity, we see that there is very little regional cooperation; But regional trade is high. According to global trade norms, India and Bangladesh are among the fastest growing countries. Besides, Bangladesh, India, Bhutan, Pakistan etc. are among the least regional cooperation countries.

The event was presided over by International Trade-Expert Ali Ahmed, Joint Secretary of the Ministry of Finance Mohammad Abu Yusuf, Director General of the Directorate of Films and Publications S M Golam Kibria and Managing Director of The University Press Limited Mahrukh Mohiuddin.