Islamabad, August 24, 2025, 11:15 AM PKT –
Pakistan and Bangladesh plan to establish a Joint Trade Commission, marking a significant step towards enhancing economic cooperation. This initiative follows high-level meetings in Dhaka, aimed at strengthening bilateral relations between these South Asian nations.
Ambitious Bilateral Trade Targets
The commission aims to set ambitious trade targets by focusing on coordinated policies and strategic partnerships. Pakistan’s Commerce Minister Jam Kamal Khan and Bangladesh’s Adviser for Commerce, Sk. Bashir Uddin, highlighted the importance of mutual economic growth and increased cross-border trade during their discussions.
Key Sectors for Economic Growth
According to Khan, the commission will boost bilateral trade, particularly in the following key sectors:
- Agriculture and food products
- Textiles and garments
- Energy and renewable resources
These sectors present significant opportunities to expand trade relationships and explore new market potentials.
Reactivating the Joint Economic Commission
The discussions also underscored the importance of reactivating the Joint Economic Commission (JEC), which has been inactive since 2005. Revitalizing the JEC is crucial for streamlining investment and trade mechanisms, improving policy coordination, and resolving regulatory barriers obstructing commerce.
Infrastructure and Tariff Reforms
Both nations are committed to reducing tariffs and enhancing logistics infrastructure to ensure smoother cross-border trade and foster economic growth. Improving infrastructure will tackle longstanding challenges, while tariff cuts are expected to make products more competitive, enhancing export opportunities.
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