Bangladesh is eager to sign a free trade agreement and a coastal shipping deal with Sri Lanka and wants these to be finalised by the end of this year. Prime Minister Sheikh Hasina is learnt to have asked the Ministry of Shipping and the Bangladesh High Commission in Colombo to complete all the required steps to this regard. The bilateral trade between the two countries is in favour of Sri Lanka. In fiscal year 2014-15, Bangladesh exported goods worth US$26.8 million to Sri Lanka while it imported goods worth $66.65 million from the island nation.
Bangladesh mainly exports woven garments, knitwear, home textile, agri-products, frozen food, leather and leather goods, footwear, raw jute, jute goods, and bicycle to Sri Lanka. The major imports from the country include live animals, animal products, vegetable products, animal or vegetable fats and oils, prepared foodstuffs, mineral products, and plastics and rubber articles.