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proceedings March 13, 2025

Roundtable Discussion on Economic Diplomacy: Bangladesh Perspective 13 March 2025

Tradecraft, Standards and Market Access

Bangladesh Institute of International and Strategic Studies (BIISS) DOI
Roundtable Discussion on Economic Diplomacy: Bangladesh Perspective 13 March 2025
Publication Details
  • DOI 10.0000/proceedings-76-nhvtaa
  • Publisher Bangladesh Institute of International and Strategic Studies (BIISS)
Overview
The overview presents a results-oriented agenda. Build a single trade results dashboard to track deals, certifications, and utilization of preferences. Upgrade national quality infrastructure—labs, accreditation, metrology—so exporters can demonstrate compliance domestically at competitive cost. Use focused FTAs and mutual recognition chapters to reduce testing duplication. Create sector “landing pads” in priority markets that bundle warehousing, after-sales services, and regulatory guidance for SMEs. Mainstream sustainability by supporting ESG data collection and financing efficiency upgrades. Finally, institutionalize learning: publish after-action reviews for negotiations and disputes, and rotate staff between missions, ministries, and promotion agencies to align incentives. With disciplined execution, economic diplomacy can convert market opportunities into export wins and resilient investment.
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Abstract

This roundtable explored economic diplomacy as an operational craft that integrates trade policy, investment attraction, standards cooperation, and strategic communications. Contributors unpacked market-access frictions—rules of origin, sanitary and phytosanitary measures, technical regulations—and emphasized the value of mutual recognition agreements and conformity assessment capacity to unlock higher value segments. Case discussions covered apparel-plus, agro-processing, pharmaceuticals, light engineering, and IT-enabled services, proposing playbooks that link sector roadmaps with trade negotiations and promotion efforts. The proceedings also assessed emerging compliance regimes—supply-chain due diligence, sustainability reporting, and carbon pricing—and the risk that firms are excluded by non-tariff barriers rather than explicit tariffs. Speakers argued for anticipatory compliance: building testing, certification, and data systems ahead of regulatory deadlines. The session concluded with a call for coherent advocacy that marries analytics with diplomatic engagement, supported by a small, agile legal and economic unit capable of litigating, negotiating, and communicating effectively.

How to Cite
BIISS (2025). Roundtable Discussion on Economic Diplomacy: Bangladesh Perspective 13 March 2025. Bangladesh Institute of International and Strategic Studies (BIISS). https://doi.org/10.0000/proceedings-76-nhvtaa
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