Saturday April 29, 2017 09:34 AM

Bangladesh invites Belarus investment

  • Published at 01:38 PM April 20, 2017
  • Last updated at 12:36 AM April 21, 2017
Bangladesh invites Belarus investment
State Minister for Foreign Affairs Shahriar Alam is visiting Belarus and Poland to boost bilateral ties.File photo

Belarus identifies Bangladesh as 'promising priority country with sustained high economic growth'

State Minister for Foreign Affairs Shahriar Alam invited Belarusian investment in Bangladesh, where they could use Bangladesh as a regional hub covering China, India and South-East Asian countries.

He emphasised frequent contacts and interactions between chambers of both countries through regular exchange of trade delegations.

Shahriar held bilateral talks with Deputy Minister of Foreign Affairs of Belarus Valentin Rybakob in Minsk on Wednesday.

Recalling the 25th anniversary of establishment of diplomatic relations between the two countries, the Belarusian deputy foreign minister welcomed the minister’s visit as a timely initiative to take forward bilateral relations to higher level.

Shahriar Alam underscored the closer engagements in the context of exchange of back-to-back prime ministerial visits in 2012 and 2013 (from Belarus and Bangladesh, respectively), that in effect, had set the key directions of our bilateral relations.

Both the ministers agreed that deeper economic cooperation should get main focus, as there is ample scope for further expansion of bilateral trade and investments.

In that context, State Minister Alam sought support of Belarus for the “duty free-quota free” access of Bangladeshi products to the Eurasian Economic Union, where Belarus is a key member (other members are Russian Federation, Kyrgyzstan, Kazakhstan and Armenia).

State minister further noted with satisfaction the joint venture of Amkodor-Polash Service Center, which is going to be inaugurated next week by the Belarusian Minister of Industries at Amkodor-Polash Industrial Zone, Narshingdi of Bangladesh.

He hoped that such joint venture would ensure transfer of technology and commence manufacturing of small and light engineering equipments as it has potential to have much wider impact on the growing bilateral economic cooperation between our two countries.

The Belarusian deputy minister mentioned that Belarus foreign policy is redesigned with more focus on the emerging economies of Asia and in that context identifies Bangladesh as promising priority country with sustained high economic growth.

Earlier the State Minister visited the Council of the Republic National Assembly (i.e., Parliament) and met with the Chairman of the Standing Committee on Foreign Affairs and National Security Professor Dr Sergey Rakhmaanov.

Dr Rakhmanov led a Parliamentary team to the 136th Session of IPU Assembly that was held in Dhaka early April. State Minister Alam briefed Dr Rakhmanov about the growing role of Bangladesh in balancing the regional stability under the visionary leadership of Prime Minister Sheikh Hasina.

On 18 April, Shahriar Alam led a 7-member Bangladesh business delegation at a Business Conference held at the Belarusian National Center for Marketing and Price Study and exchanged views with a representative business delegation of Belarus, led by the Center Director Ambassador Valery Sadokho.

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