Thailand has offered to begin negotiations on a bilateral free trade agreement with Bangladesh, and the move has sparked cautious optimism among traders, manufacturers who hope the deal will make business easier and create new jobs. The Thai ambassador in Dhaka conveyed Bangkok’s wish to start talks during a courtesy visit with senior Bangladeshi advisers, saying the goal is to remove costly barriers, shorten customs delays and build stronger investment links. Leaders on both sides say an agreement could help farmers, processors and makers by opening markets and lowering taxes on key goods, while also inviting new projects in logistics and agro-processing near export zones. Officials explained that clearer rules and simpler shipping could cut the time and cost of trade, which gives small firms a better chance to sell abroad and lets large companies plan new factories with more confidence. Many business groups welcomed the idea because a fair trade deal can boost exports, increase demand for locally made parts and raise work opportunities for skilled workers. Ambassadors and trade advisers also talked about ways to improve maritime connections and make better use of ports and transport links so goods move quickly between the two countries. Practical steps mentioned include a joint feasibility review, cooperation in priority industries, and talks to agree which tariffs to cut first while protecting jobs and sensitive sectors. Observers say a phased approach, starting with a clear list of priority goods and services, can help both countries test benefits before widening the deal, and that support measures such as training and quality checks will be needed so firms meet export standards. Representatives from trade bodies urged governments to include medium enterprises in the plan so benefits reach towns and rural areas rather than only big exporters in major cities. Investors mentioned potential gains from improved rules on investment protection and easier access to business permits, which in turn could attract responsible firms to set up factories and buy from local suppliers. Officials also flagged the chance for greater cooperation on food safety, testing labs and shared standards so products from both sides meet buyer expectations in new markets. While negotiators will need to work through technical details, both sides stressed they want an open and steady process that supports long term partnership rather than quick gains.The talk has set a cordial tone and made it obvious what to do next: teams from both sides should work together to find opportunities, preserve weak industries, and design training to fill employment. This balanced approach aims to make trade fair and practical, so businesses can plan ahead, workers can find steady work and communities can gain new sources of income as trade deepens between the two neighbours and local jobs.
