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Tuesday, April 1, 2025
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EU proposes comprehensive deal with Bangladesh

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NN Online:

The European Union (EU) has expressed a keen interest in enhancing its partnership with Bangladesh, signaling the possibility of a Comprehensive Partnership and Cooperation Agreement to strengthen bilateral relations further.

In a recent letter to Bangladesh’s Chief Adviser Muhammad Yunus, European Commission President Ursula von der Leyen underscored the EU’s readiness to collaborate on reform initiatives that prioritize democratic principles, human rights, the rule of law, and transparent governance.

President von der Leyen referred to her meeting with Yunus during the United Nations General Assembly in September 2024, where they discussed the current situation in Bangladesh and the nation’s expectations. The EU, she emphasized, remains committed to supporting Bangladesh’s sustainable development, green transition, anti-corruption measures, and the digitalization of financial systems.

“The EU is already engaging on these issues with Bangladesh, and we look forward to exploring new avenues to build our partnership,” von der Leyen wrote, hinting at the potential for a comprehensive agreement.

Highlighting the potential for collaboration, the EU official mentioned investment opportunities under the Global Gateway initiative. These include sectors like railways, water resources, climate adaptation, health, digital infrastructure, and energy. Von der Leyen reiterated the EU’s willingness to support policy development and effective governance in these areas, drawing from EU expertise where applicable.

In her letter, von der Leyen emphasized bolstering the capacity of key Bangladeshi institutions through targeted technical assistance. The aim is to integrate EU experience to ensure impactful and effective governance.

To ensure the smooth implementation of ongoing and future collaborations, the EU proposed establishing regular coordination meetings with Bangladesh. These meetings would facilitate strategic dialogue, provide updates on EU programs, and address new requests to align with shared priorities.

The EU reiterated its commitment to a peaceful, inclusive reform process in Bangladesh. “We stand ready to support a process that respects democratic principles and leads to credible elections,” von der Leyen stated.

With both parties engaging in discussions for a comprehensive agreement, the EU’s proposal reflects its intent to deepen ties with Bangladesh across multiple sectors, ensuring mutual benefits and alignment with global sustainable development goals.

This proactive engagement signifies a new phase of collaboration, potentially unlocking significant opportunities for Bangladesh in global trade, technology, and governance improvements.

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