Bangladesh China Trade Agreement

We also maintain offices that support foreign investors in Vietnam, Indonesia, Singapore, the Philippines, Malaysia, Thailand, the United States and Italy, in addition to our practices in India and Russia and our business research institutes along the Belt & Road Initiative. Revenue accounts for almost a third of Bangladesh`s annual revenue from import tariffs. Dhaka is clear that it is precisely for this reason that it does not want to sign a free trade agreement, while China has long pursued it in favor of such an agreement. Given that the COVID-19 pandemic is slowing trade, Chinese exceptions are a boost to the economy and have the potential to minimize at least the damage in the short term. The COVID-19 pandemic has forced global trade to a standstill as countries struggle to care for their own. Despite the collapse of global trade, China has recently opened new trade routes in Bangladesh, with lucrative incentives to boost trade. Given the limited time available to the country, there are doubts as to the extent to which the privilege will help reduce trade deficits. . . .