Major progress made in Bangladesh joining biggest trade bloc

The Regional Comprehensive Economic Partnership (RCEP), the world’s biggest trade bloc, has approved a major step for accelerating the inclusion of Bangladesh into the alliance.

The Commerce Ministry confirmed the progress in a press release on Thursday.

On Monday, the bloc has approved a recommendation by its Joint Committee to form an “Ad Hoc Accession Working Group” for expediting the process.

Alongside Bangladesh, Chile, Sri Lanka and Hong Kong under China will also be reviewed by the working group for accession.