Diplomatic relations between the EU and Bangladesh were established in 1973. A cooperation agreement was signed in 2001, covering trade, economic and development cooperation, human rights, good governance and the environment. European bilateral development aid to Bangladesh for the year 2014-2020 amounts to €655,000,000. Normally, the EU does not offer any trade advantage under the EBA after a country has concluded. Not only the EU, but also Bangladesh have asked the US to trade, given that the government has already set up a special commission to attract more US investment in this area. “The broad coverage of products under the SAAs means that the agreements are almost free trade agreements [SAAs],” he said. The EU-Bangladesh Cooperation Agreement was signed in 2001 and laid the foundations for trade relations.