MTI seeks feedback on Bangladesh-Singapore Free Trade Agreement
29 September 2025
From 25 August 2025 to 19 September 2025, the Ministry of Trade and Industry (“MTI”) conducted a public consultation and sought feedback on the priorities, opportunities, and challenges that Singapore companies face in their trade and investment with Bangladesh. MTI sought the feedback in the context of the proposed Bangladesh-Singapore Free Trade Agreement (“BDSFTA”) which is expected to contribute to the expansion of two-way trade and investment flows between Bangladesh and Singapore.
Bangladesh and Singapore signed a Memorandum of Cooperation on Trade and Investment (“MCTI”) in November 2022. The MCTI sets out the scope for the deepening of Bangladesh-Singapore economic relations, including discussions on a prospective Free Trade Agreement.
Under the proposed BDSFTA, the countries aim to:
- reduce tariffs that will lower the cost of exporting goods from Singapore to Bangladesh;
- improve trade processes such as custom practices to facilitate the movement of goods and services across borders;
- enhance market access between both countries to allow business on both sides to tap into opportunities in both Bangladesh and Singapore; and
- offer stronger protection for Singapore companies’ investments in Bangladesh, and vice versa.
These changes will make it easier for companies from both countries to do business with each other and grow their markets.
Reference materials
The press release is available on the MTI website www.mti.gov.sg.