Wed, 25 Feb 2026

Allegations of Secret Trade Deals Threaten Domestic Agriculture

Published: 25 Feb 2026, 06:33 am

In a scathing critique of Bangladesh’s diplomatic history and recent administrative decisions, Bazlur Rashid Firoz, General Secretary of the Socialist Party of Bangladesh (SPB), has voiced grave concerns regarding a purported "clandestine trade agreement" with the United States. Speaking at a seminar titled "Expectations from the New Government: Priorities for the First 100 Days" at the National Press Club on Tuesday, 24 February, the veteran leader warned of dire consequences for the nation’s food sovereignty.

The Cost of Diplomacy

According to Mr Firoz, the outgoing interim administration, during its final days in office, formalised a secret deal necessitating the import of 42,000 crore BDT worth of American agricultural products over the next five years. He asserted that this massive influx of foreign produce is poised to "push domestic agriculture and local farmers to the brink of destruction."

The socialist leader demanded that the new government publish a comprehensive white paper scrutinising the eighteen-month tenure of the interim government, alongside a public disclosure of all international treaties signed with India, the United States, and Japan over the last five decades.

Key Allegation / IssueFinancial or Contextual ImpactProposed Action
US Agriculture Deal42,000 Crore BDT (5-year term)Immediate public disclosure
Interim Corruption Claims25,000 Crore BDT (combined)Inquiry into former advisers
Energy SectorAdani Power AgreementCancellation of "anti-interest" deal
Parliamentary Wealth236 Millionaires in 300 seatsElection reform implementation

Critiquing "Billionaire Democracy"

Reflecting on the recently concluded 13th National Parliamentary Election, Mr Firoz described the new parliament as a "Billionaire’s Club." Out of the 300 contested seats, 236 were won by millionaires, a demographic shift he believes will marginalise the interests of the working class. He further noted that despite the recommendations of the Election Reform Commission, no substantive changes were implemented to level the playing field.

Accountability for the Past

The SPB leader also targeted the integrity of the interim government’s leadership, calling for rigorous investigations into high-stakes corruption allegations. He cited figures of 11,000 crore BDT and 14,000 crore BDT in alleged financial irregularities involving former student-advisers and legal experts respectively.

Addressing the geopolitics of the region, Firoz argued that while previous administrations had adopted a "servile" posture towards India, the new government must seek a relationship based on parity and fairness. He highlighted the looming challenge of the 2026 Ganges Water Treaty renewal and the Teesta Master Plan as litmus tests for the current administration’s sovereignty.

A Call for Social Justice

In his concluding remarks, Mr Firoz expressed deep indignation over the perceived neglect of the "July Uprising" victims. He lamented that many who were injured during the revolution continue to suffer in hospitals without adequate state support. He urged the government to pivot towards mass employment strategies, such as "pond-based aquaculture" projects, to uplift the fortunes of 20 million citizens.

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