Dhaka is actively exploring the possibility of a Comprehensive Economic Partnership Agreement (CEPA) with the European Union, with a view to eventually negotiating a full Free Trade Agreement (FTA), according to Bangladesh’s Commerce Adviser, Sk Bashir Uddin.

During a meeting with a European Union delegation led by EU Ambassador to Bangladesh Michael Miller on Sunday afternoon, October 12, Sk Bashir said Dhaka is committed to advancing trade ties with Brussels following a thorough analysis of trade data and feasibility assessments.

“The European Union is one of Bangladesh’s largest trading partners, and there remains significant untapped potential to expand bilateral trade and investment,” Bashir said, adding that a structured economic partnership could serve as a strategic framework for deeper integration.

The discussions at the Ministry of Commerce covered a wide range of issues, including market access, regulatory alignment, investment facilitation, and sustainable development. Both sides acknowledged existing imbalances, particularly the EU’s trade deficit with Bangladesh, but expressed optimism about mutual gains through collaborative reforms.

Ambassador Miller emphasised the centrality of trade in strengthening EU-Bangladesh relations. “Trade is not just about numbers—it’s a cornerstone of strategic partnership,” he said. “By addressing current challenges in the trade and investment landscape, both sides stand to benefit significantly.”

The meeting was attended by senior officials, including Commerce Secretary Mahbubur Rahman, as well as ambassadors and diplomatic representatives from several EU member states: Gabriel Sistiaga (Spain), Christian Brix Muller (Denmark), Frédéric Inza (France), Enza Christen (Germany), Federico Zamprelli (Italy), and Eva Smedberg (Sweden). Also present was Abu Said Belal, Trade Adviser at the Bangladesh Delegation to the European Union.

With Bangladesh’s graduation from Least Developed Country (LDC) status scheduled for 2026, securing preferential access to the EU market through a formal trade agreement has become a key priority for policymakers in Dhaka.