Bangladesh likely to offer Pakistan Special Economic Zone at upcoming joint economic commission meeting

Bangladesh plans to offer Pakistan a Special Economic Zone (SEZ) for investment during the ninth Joint Economic Commission (JEC) meeting scheduled for October 27 in Dhaka, according to officials from the Economic Relations Division (ERD).

The meeting, the first in nearly two decades, is expected to focus on enhancing bilateral trade and cooperation, particularly in textiles, agriculture, and halal food production, sectors where both countries see strong potential for collaboration.

“This is a warm-up meeting between the two nations after almost 20 years,” said Dr Mizanur Rahman, additional secretary at the ERD. “We hope Dhaka and Islamabad will reach a consensus on boosting trade, investment, and overall economic cooperation.”

Bangladesh’s delegation will be led by finance adviser Dr Salehuddin Ahmed, joined by special assistant to chief adviser Dr Anisuzzaman and ERD secretary Shahriar Kader Siddiky, while Pakistan’s delegation will be headed by federal minister for economic cooperation Ahad Khan Cheema, officials confirmed.

Officials said the two countries are expected to discuss joint ventures in halal food production aimed at expanding exports to overseas markets. The Bangladesh Standards and Testing Institution (BSTI) and the Pakistan Halal Authority (PHA) are also likely to sign a cooperation agreement to promote halal certification and industry growth.

According to ERD officials, reducing the trade imbalance will also be a key discussion point. In fiscal year 2025, Bangladesh imported $787 million worth of goods from Pakistan but exported only $80 million, highlighting a significant deficit.

Bangladesh will seek duty- and quota-free access for key products including jute, pharmaceuticals, ready-made garments, electronics, and tea, in a bid to diversify and strengthen exports to Pakistan.

The JEC meeting marks a thaw in bilateral relations after years of political distance. The last such meeting took place in September 2005, but subsequent sessions were postponed as ties cooled under the Awami League government, which took power in 2009.

Relations began to improve following the fall of the Awami League government in 2024, after which several high-level Pakistani delegations visited Dhaka. 

Officials in Dhaka say the renewed engagement and the upcoming JEC meeting could set the stage for deeper trade, investment, and industrial cooperation between the two South Asian nations.