Pakistan Bangladesh FTA

[sparklingway]

I am suprised there is no garments or knitware on the top off the Export list to Pakistan....

Can anyone shed some light....

We have a pretty good industry which was very well established before yours (or should I say in the West before the East). We export a lot ourselves. Difficult to trade garments and knitwear between two countries that are pretty good at it and export it themselves.

 

[bd_4_ever]

I will be great if Pakistan , India and Bangladesh along with all South Asian nations can form a real free trade economic area just like the EU. This will benefit all the people of South Asia except the right wing politicians who benefit from politics of hatred.

That shall be a good idea Sir...

But just to point it out...EU is more then just a 'FTA'....i am not aware of the correct term but i believe it is a 'Common Market' or a one step more of it....to the extreme, it has the 'Schengen Agreement', meaning abolishing of different passport between 25 member state....all we need is just one visa to enter/transit any EU nation....

That, sadly, wont be possible here in the Sub-Continent....but we can start somewhere with the FTA and may be move on....


Cheers!!!

 

[eastwatch]

"We'll welcome Bangladeshi banks to open their new branches in Pakistan that would help foreign trade between the two countries grow"

That is a very good sign....the only Bangladeshi Bank that has numerous branches abroad is Janata Bank....my dad has been a manager of one of them before....i have seen these branches send a huge amount of profits back to Bangladesh annually....Bengalis, especially ones who cannot afford private banks rush here to send remittance home as the government has subsidized it cost a lot any one can afford loans....charges for operating an account is also less.....

I am sure, there are many Bangladeshis in Pakistan who can benefit if our own banks can open up there....and commercially, it will get a lot of revenue.....on other note, our banking industry can develop....
Cheers!!!

Banks usually do business with those individuals and companies with whom they have already established a business relationship. So, Banks from both the countries should be allowed or motivated to open branches in the other. Without Bank branches it will be quite difficult for the companies to organize a big export.

Another point is, there are Pakistani citizens who were once domiciled in BD. A very long time has already passed since 1971 and many have already died. But, even then, this group is more acceptable to BD people than the people from other parts of Pakistan. Reason is we know and understand each other. So, these Karachi people may help foster a better trade relationship between the former two wings of once united Pakistan.

 

[Old School]

That shall be a good idea Sir...

But just to point it out...EU is more then just a 'FTA'....i am not aware of the correct term but i believe it is a 'Common Market' or a one step more of it....to the extreme, it has the 'Schengen Agreement', meaning abolishing of different passport between 25 member state....all we need is just one visa to enter/transit any EU nation....

That, sadly, wont be possible here in the Sub-Continent....but we can start somewhere with the FTA and may be move on....


Cheers!!!

FTA is a good start en route to the common market which is the ultimate destination.. Making money is a much better option than making war. I like your posts . Keep up the good work .

 

[bd_4_ever]

Banks usually do business with those individuals and companies with whom they have already established a business relationship. So, Banks from both the countries should be allowed or motivated to open branches in the other. Without Bank branches it will be quite difficult for the companies to organize a big export.

Another point is, there are Pakistani citizens who were once domiciled in BD. A very long time has already passed since 1971 and many have already died. But, even then, this group is more acceptable to BD people than the people from other parts of Pakistan. Reason is we know and understand each other. So, these Karachi people may help foster a better trade relationship between the former two wings of once united Pakistan.

Yes...that would benefit the Pakistanis that are left here in BD....remittance is actually a very significant way to flourish a country's economy and help government gather money for several investment and development purposes....Pakistanis working in BD can take full advantage of it and it would be quite obvious that GoP would have provided some extra benefits to the citizens of Pakistan...the same as our citizens abroad get from Janata Bank and GoB....

Pakistani Banks can invest in several profitable business here as well....say like transport or real estate....that shall be a good way to accumulate some extra money as well....


Cheers!!!

 

[bd_4_ever]

FTA is a good start en route to the common market which is the ultimate destination.. Making money is a much better option than making war. I like your posts . Keep up the good work .

Thank you Sir for your appreciation....I am just doing what i am supposed to do....

Yes, if we bear the objective of reaching the state of 'Common Market' someday, FTA has no alternative...but the fact remains that the prospective countries should maintain a healthy and tight relationship....but unfortunately, thats not the case in the Sub-continent....but still, "whether there is a will, there is a way"....

However, i believe the leaders can sit in a closed-room discussion to solve such small matters that may hamper or make the relations vulnerable and then move on with it....as because once such important decisions are made, we need to stick to it at least for the benefit of the nations....

Coming back, i would like to see National Bank of Pakistan, The Bank of Punjab to help with remittance and loans or may be Industrial Development Bank to invest on some lucrative businesses in BD or help finance exports....

Just my 2 cent....


Cheers!!!

 

[Old School]

However, i believe the leaders can sit in a closed-room discussion to solve such small matters that may hamper or make the relations vulnerable and then move on with it....as because once such important decisions are made, we need to stick to it at least for the benefit of the nations....

Coming back, i would like to see National Bank of Pakistan, The Bank of Punjab to help with remittance and loans or may be Industrial Development Bank to invest on some lucrative businesses in BD or help finance exports....

Just my 2 cent....


Cheers!!!

We first need to promote people to people contact and enhance the connectivity. It will be much easier for the decision makers to sign a treaty if it is popular among the general public. The current Pakistani government share this vision just like the Indian and Bangladeshi government. This is the first time , we have similar type governments in the Subcontinent without any rouge elements . India and Bangladesh should co-operate with our PPP led government to help it bring peace and stability in South Asia. Our government led by PM Gilani has all the goodwill to compliment the vision shared by India and Bangladesh.

I am not into the banking sector but I will ask my banker friends in relation to your banking query. I will also post that here in the forum.

 

[Skies]

Good news.

Banking sector has a big role.

Our private banks like Islami Bank, Brac Bank, Duch-Bangla Bank can open branch in there.

 

[bd_4_ever]

Good news.

Banking sector has a big role.

Our private banks like Islami Bank, Brac Bank, Duch-Bangla Bank can open branch in there.

While that could be an option....i suggest Government banks branches there....they are more committed towards the revenue of the country and the welfare of the expatriate community....

But yah, our private banks can equally perform the job too...but they are a bit more profit-oriented....


Cheers!!!

 

[bd_4_ever]

We first need to promote people to people contact and enhance the connectivity. It will be much easier for the decision makers to sign a treaty if it is popular among the general public. The current Pakistani government share this vision just like the Indian and Bangladeshi government. This is the first time , we have similar type governments in the Subcontinent without any rouge elements . India and Bangladesh should co-operate with our PPP led government to help it bring peace and stability in South Asia. Our government led by PM Gilani has all the goodwill to compliment the vision shared by India and Bangladesh.

Sir, according to my experience....

There is already strong link between the people of Pakistan and Bangladesh and with everyone else too....starting from my friends to my dad's client when he was the manager of Janata Bank abroad....I have seen Pakistani, Indian and Sri Lankan, Afghan people come to our bank for loans for opening their business, car, expanding their company, education etc. Just that we provide remittance to Bangladesh itself...other than that every other service was open to everyone....

Most proportion of these people abroad are workers or labors and they cannot afford to go for expensive banks or exchange houses....that is where i prefer state banks of the respective countries to open up on each others land....

It shall be a very good progress if such agreements like FTA can start....gradually we can move further....

So its more like we are all the same people on the same boat....

I am not into the banking sector but I will ask my banker friends in relation to your banking query. I will also post that here in the forum.

Yeah please do....that would be great and others can know too....


Cheers!!!

 

[Skies]

BD's Pharmaceutical industries have a big chance in Pk market. Now BD can produce insulin and anti-cancer drugs.

Can PK's pharmaceutical industries produce Insulin?

 

[Farahvar]

isnt textiles Bangladesh's biggest export, how come it is importing textiles from Pakistan ?

 

[Farahvar]

iF india was to grant transit would it help pak / bd trade ? Dont you need to rope in india in a joint FT area before a big impact can be made ?

 

[My-Analogous]

BD's Pharmaceutical industries have a big chance in Pk market. Now BD can produce insulin and anti-cancer drugs.

Can PK's pharmaceutical industries produce Insulin?

Brother we are exporting medicine in Middle east and Africa and we have very good pharmaceutical infrasturcture

 

[My-Analogous]

isnt textiles Bangladesh's biggest export, how come it is importing textiles from Pakistan ?

Because brother we have a very good history of 50 years of exporting textile and we export very good items all over the world and we export 12 billion dollar of textile