Bangladesh plans to begin negotiations on a free trade agreement with the European Union to maintain market access after it graduates from least developed country status in 2026, officials said.
A commerce ministry feasibility study found the deal would benefit exports, setting the stage for formal talks during an EU delegation’s visit to Dhaka in November. The EU is Bangladesh’s largest export destination, accounting for $21.38 billion, or 44 percent of total exports in fiscal 2023–24.
Under the current Everything But Arms scheme, Bangladesh enjoys duty-free access to the EU until 2029. After that, it is expected to qualify for the GSP+ program, which may exclude garments — risking tariffs of around 12 percent.
Officials said a separate Partnership and Cooperation Agreement on rights and governance is also expected to advance during the EU visit.