Bid for consensus on tariff cuts and digital trade. The development could also affect global markets. Stock markets in several countries have already fluctuated and oil prices have edged up.

Observers say the issue matters for Bangladesh too, given its migrant workers, export markets and climate risks. Relevant quarters are said to be monitoring the situation closely.

Representatives from countries around the world set out their positions on the regional trade pact. Protecting the interests of developing nations received particular attention in the discussions.

International relations analysts say such an understanding sends a positive signal for regional stability amid ongoing geopolitical tensions — but how far the commitments are honoured will need watching.