Bangladesh has told the European Union it seeks a free trade agreement to keep market access strong after leaving least-developed country status, a move meant to protect jobs and steady export rules. The commerce ministry sent a letter of interest and set internal planning in motion so officials, industry groups and negotiators can prepare early and help factories, farms and traders plan with confidence. Business leaders say a trade deal could reduce costs, avoid sudden tariff shocks and help the country stay competitive as rivals secure deep market ties. Many exports rely on steady rules, and losing preferential treatment could raise costs unless new agreements are in place. To prepare, the government will bring together trade experts, industry representatives and legal advisers to identify priority goods, draft clear demands and build a negotiating plan that balances protection for key sectors with new chances in services and investment. Stakeholders want simple rules on product origin, faster customs checks and smoother port handling so cargo moves without long delays. The plan includes better data systems to show export trends and training so negotiators can handle complex talks and legal text. Export groups want early clarity for textiles, garments and leather so mills and suppliers can set orders and prices without surprise costs. Officials also plan measures to support small firms and workers during any change, such as short relief steps, technical help and programs that teach quality control and export rules. Alongside EU talks, the government will seek other partner deals to diversify markets and attract investment in factories, logistics and testing labs. Experts say combining quick pilot agreements with longer negotiations can produce early wins while work continues on wider pacts that cover services and investment protections. Business groups welcome a practical approach that balances speed with care so trade stays steady and jobs are protected. By aligning legal, technical and business advice now, negotiators hope to speak with one clear voice and protect vulnerable sectors while making room for new exporters. A clear trade plan could also draw more foreign investment because companies favour predictable rules and lower trade costs when they decide where to place orders or open operations. Exporters want rules that let them add value and move up supply chains so more work remains in the country. Officials and private teams will meet regularly and use pilot projects to test ideas before wider rollout, scaling what works to keep growth steady and preserve livelihoods. This forward planning aims to turn a major change into a chance to modernize customs, boost training and secure fair access that benefits towns and workers across Bangladesh. The effort is meant to give firms confidence and protect incomes while opening market opportunities.
