Commerce Minister Khandakar Abdul Muktadir has said there is no reason for undue concern regarding Bangladesh-United States trade agreement.
"An agreement between states is not like a personal contract that can be cancelled at will. This agreement is inherited. It is a reality and we aim to utilize it to its fullest potential to expand trade and investment," he said on Tuesday while responding to questions from journalists following a meeting with Brendan Lynch, Assistant US Trade Representative for South and Central Asia, held at the conference room of the Ministry.
On the issue of cancelling the agreement, the minister said, "As representatives elected by the people, this government always prioritizes national interest. If any provision of the agreement contradicts Bangladesh's interest, there is scope within the agreement itself to amend it."
He described this as a "self-correcting element."
Muktadir further noted that the agreement contains provisions for necessary adjustments and revisions, and therefore there is no reason for excessive concern or alarm.
Referring to a recent investigation initiated by the United States, he said Bangladesh had sought clarification and based on the response received, conveyed its position and observations.
"We have clearly stated that it would have been more positive if such an investigation had not been initiated under the existing agreement framework.''
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