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Overseas minister Dr Hasan Mahmud has urged the Thai personal sector to make funding in Bangladesh by taking full benefit of Dhaka’s varied incentives for international enterprise and partnership.
He additionally emphasised on the significance of early graduation of the Free Commerce Settlement (FTA) between Bangladesh and Thailand for enhancing bilateral commerce and balancing commerce deficit.
The international minister was talking at a enterprise assembly, organised by Bangladesh Embassy in Bangkok on Friday on the sidelines of the official go to of Prime Minister Sheikh Hasina to Thailand, a international ministry’s press launch mentioned right here as we speak.
Earlier on the day, Bangladesh and Thailand have signed a Letter of Intent (LoI) to begin Free Commerce Settlement (FTA) between the 2 nations.
Throughout the enterprise assembly, Hasan underlined the potential for commerce and funding between Bangladesh and Thailand and mentioned it would finally contribute to the general growth and prosperity of each the nations.
The international minister highlighted Thailand’s significance as a key commerce accomplice for Bangladesh throughout the ASEAN area.
He additionally described Bangladesh’s exceptional progress in all indicators of socio-economic growth during the last 15 years and Bangladesh’s profitable commencement from Least Developed Nation (LDC) standing, attributing it to the visionary management of Prime Minister Sheikh Hasina.
Hasan additionally pressured upon the significance of fostering elevated people-to- folks contact as a way to strengthen the bonds between Bangladesh and Thailand.
By prioritizing such exchanges, each nations can deepen their understanding, collaboration, and partnership and profit their folks, he noticed.
Finance Minister Abul Hassan Mahmood, Prime Minister’s Non-public Trade and Funding Advisor Salman Fazlur Rahman, Residence Affairs Minister Asaduzzaman Khan, State Minister of Commerce Ahasanul Islam Titu, and Overseas Secretary Masud bin Momen attended the occasion.
Salman Rahman elaborated on the incentives offered by the Bangladesh authorities to international traders.
He invited Thai funding in Bangladesh’s Tourism sector and opined that Dhaka may be benefitted from Expertise Switch of the Thai authorities.
Stating the lately enacted Offshore Banking Act 2024 by Bangladesh Authorities, State Minister of Commerce referred to as upon Thai traders to think about funding in Bangladesh.
As a bridge between South Asia and South East Asia, he mentioned, Bangladesh might be thought of for funding as a regional hub and for its affordable measurement of market.
He urged personal sectors of Bangladesh and Thailand to discover all alternatives whereas assuring required facilitation from the Authorities.
Senior Govt Vice-President of Sutec Co Ltd Charles Frederick, a outstanding Thai world sugar engineering firm, in his deliberations instructed that Bangladesh authorities might discover the potential for collaboration with native personal traders to revitalize one or two current sugar mills.
He famous that if this initiative proves profitable, it might pave the best way for the federal government to develop a coverage framework geared toward selling personal funding within the sugar cane trade.
A consultant of BIDA delivered an in depth presentation on the incentives offered by the Bangladesh authorities for international traders investing in Bangladesh.
He highlighted Agro-business, Digital economic system, Logistics and Mild Manufacturing sectors which Thai traders might contemplate for funding.
Ever for the reason that institution of Diplomatic relations, the bilateral relations between the nations have flourished to a complete partnership comprising cooperation in commerce and funding, tradition, schooling, well being, agriculture and connectivity.
The occasion was attended by outstanding Enterprise personnel from the Thai enterprise group.
Bangladesh Ambassador to Thailand Abdul Hye thanked all of the dignitaries and friends for his or her presence on the occasion.
Ambassador of Thailand to Bangladesh Makawadi Sumitmor was additionally current.
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