Bangladesh is yet to sign even a single free trade deal with any country until now. Signing of free trade agreements is very much needed for the country. Yet the authorities are apparently not that much serious about it.
The first such agreement was supposed to be signed with Sri Lanka last year. Unfortunately, it did not happen. The government said earlier that the agreement with Sri Lanka would be signed soon as both the countries had already completed a joint feasibility study and examined pros and cons of the matter.
Sri Lanka is in an advantageous position in value-added apparel industry, shipping lines and deep-sea port, financial services, ICT and skilled technical people in different sectors.