Bangladesh has long tried to get duty and quota free access to the USA markets. May be this time it can look for an alternative. South Korea and USA signed a free trade agreement in 2007 and if Bangladesh can sign the same with South Korea, it will get a wider access to the USA market via South Korea.

With that in mind, India recently signed a free trade agreement with South Korea and the government of South Korea approved the deal recently. Bangladesh should on its part do the same and find alternative route to big and resourceful markets like USA. Bangladesh needs to ink free trade agreements like this but not TIFA with USA which will not help the RMG rather slow down its growth.