On May 14, 2006 in Bali, Indonesia, Bangladesh was the only nation not to sign a preferential trade agreement.
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But the US remained unsatisfied and insisted that all preferential trade agreements between the EU and ACP should cease.
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If the negotiations over Iran's nuclear programs go well, Europe promises to resume talks on a preferential trade agreement.
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India also signed a preferential trade agreement Sunday with representatives of the Latin American trading bloc, Mercosur, which includes Brazil.
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Also Thursday, India and Afghanistan signed a Preferential Trade Agreement to enhance ties, said Indian foreign ministry spokesman Navtej Sarna.
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The decision by the cabinet on Monday made Bangladesh the sixth nation to approve the South Asian Preferential Trading Agreement, SAPTA.
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The South Asian Preferential Trade Agreement, which provides concessions for commerce between the nations, is scheduled to take effect in December.
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A Canadian parliamentary committee has already recommended the approval of the preferential trade agreement, but details need to be ironed out.
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In January, India signed a preferential trade agreement with the Latin American trading bloc, Mercosur, comprising Brazil, Argentina, Paraguay and Uruguay.
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He said there are now more than 130 preferential trade agreements in the world, and the United States belongs to only two.
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