Bangladesh keen to sign FTA with big economies of South America

Bangladesh has shown interest in signing a free trade agreement (FTA) with Mercosur, an economic and political bloc of the big economies of South America consisting of Argentina, Brazil, Paraguay and Uruguay, reports UNB.

Highlighting Bangladesh's strength as the second largest RMG producer and world-class pharmaceutical manufacturer, Bangladesh Ambassador to Brazil Sadia Faizunnesa has sought Brazil President Jair Messias Bolsonaro's support to negotiate the FTA with Mercosur.

The Brazilian President instructed Brazilian Foreign Minister Carlos Franca to start working towards strengthening bilateral cooperation, including trade and agriculture, according to the Bangladesh Embassy in Brazil.

The Brazilian President promised for his support in further enhancing the trade relationship with Bangladesh.

Earlier, Bangladesh Ambassador to Brazil Sadia Faizunnesa presented her letters of credence to the President of Brazil on Thursday.

Mentioning Brazil as one of the largest democracies in the world, President Bolsonaro said his government is eager to strengthen its relationship with all friendly countries, including Bangladesh.