Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashik Mahmud Bin Harun has emphasised that the agreement with Argent LNG is a preliminary step in a structured negotiation process.
"Signing a non-binding Heads of Agreement (HOA) that outlines key terms but allows room for negotiation is merely the first step," he said, according to a statement issued by the CA's Press Wing on Sunday (26 January).
He further clarified that the transition to a comprehensive, binding contract will adhere to Bangladesh’s legal framework, including the Public Procurement Act, 2006, the Public Procurement Rules, 2008, and the Foreign Private Investment (Promotion and Protection) Act, 1980.
