• Tuesday, Oct 15, 2019
  • Last Update : 12:47 am

Bangladesh, Brunei for comprehensive partnership in energy sector

  • Published at 01:07 pm April 23rd, 2019
web-PM-hasina-Brunei-Sultan-meeting-focus-bangla-22.04.2019
Brunei Sultan Haji Hassanal Bolkiah welcomes Prime Minister Sheikh Hasina at the Istana Nurul Iman, the official residence of the Sultan, in Brunei on Monday, April 22, 2019 Focus Bangla

Prime Minister Sheikh Hasina is set to return home from her visit to Brunei

Bangladesh and Brunei issued a joint statement agreeing to explore the possibility of comprehensive collaboration in the energy sector.

The statement was issued on Tuesday as Prime Minister Sheikh Hasina wrapped up her three-day visit to the Southeast Asian kingdom, reports BSS.

“Given the growing demand for energy in Bangladesh to support rapid economic growth, both sides agreed to explore the possibility of comprehensive collaboration in the energy sector, via a Government-to-Government (G2G) arrangement, including liquefied natural gas (LNG) supply to Bangladesh,” the joint statement said.

It said the Bangladesh premier and Brunei Sultan Haji Hassanal Bolkiah also agreed to public and private sector engagements by the two countries to explore collaboration in areas like: investment and trade in petro-chemicals, offshore oil and gas exploration, technical collaboration, and capacity building.

Sheikh Hasina is set to return home later today, ending her official visit to Brunei at the invitation of Sultan Bolkiah coinciding with the 35th anniversary of bilateral ties.

According to the statement, the two leaders recognised the potential for investment and will encourage the promotion of reciprocal investment between the two countries in their mutual interest, particularly in sectors such as food processing, energy, ICT, ship-building, manufacturing, tourism infrastructure, the blue economy, and the jute industry.

Brunei in halal food industry

Brunei expressed interest in exploring participation in the global halal food market by taking advantage of the special economic zones of Bangladesh and the proven expertise of Brunei in the halal food industry.

“Both sides will, subject to mutual agreement and capacity requirements, further strengthen cooperation in the health sector such as the training and recruitment of healthcare professionals, manufacturing and trade in pharmaceuticals, as well as collaboration in specialised healthcare services,” the statement read.

The countries encouraged closer cooperation among the financial institutions of the two countries to enhance the operation of financial services for effective facilitation of bilateral trade and exchange.

The two sides agreed to further deepen cooperation in regional and international fora including: the United Nations, Organisation of Islamic Cooperation (OIC), the Commonwealth, and the ASEAN Regional Forum. They would deepen cooperation on issues of common interest and concern including: extremism, terrorism, environmental protection, and sustainable development. 

Both leaders acknowledged Bangladesh’s continued interest in strengthening its relations with ASEAN and agreed that there is much potential in developing cooperation that can be mutually beneficial.

“Brunei Darussalam acknowledged Bangladesh’s humanitarian assistance and repatriation initiatives for 1.1 million displaced persons from Rakhine State, temporarily sheltered in Bangladesh,” the statement read.

It added that Brunei commended Bangladesh's humanitarian gesture and generous assistance as well as the efforts towards the Rohingya's: safe, dignified, voluntary, and sustainable repatriation.


Also Read- PM woos Brunei entrepreneurs, pitches Bangladesh’s liberal investment regimes


“Bangladesh appreciated the continued invaluable support and contribution of the government of the sultan and Yang Di-Pertuan of Brunei Darussalam including financial assistance and provision of critical medical and health assistance to the field hospital in Cox’s Bazar,” the statement read.

Brunei's sultan commended the prime minister on Bangladesh’s remarkable economic development growth and outstanding achievements in the social sectors under her prudent leadership.

He also congratulated Bangladesh for successfully fulfilling the eligibility criteria set by the United Nations to be elevated and recognised as a developing country.

Brunei acknowledged the success of Bangladesh in the food and agricultural sector and welcomed collaboration with Bangladesh in the: agriculture, aquaculture, fisheries, and livestock sectors.

The two sides will explore potential bilateral trade in agricultural and food products; and collaboration in farming and agro-processing taking into account respective national development priorities.

The leaders acknowledged the potential in enhancing bilateral trade and encouraged active exchanges between their local business people to enhance and explore collaboration and partnership to synergize their respective strengths for maximising export opportunities.

They will actively consider the possibility of a preferential trade arrangement under appropriate mechanisms and conduct a joint feasibility study to this effect.

Views on bilateral relations

Expressing satisfaction on the friendly and long-standing relations between the two countries, the leaders exchanged views on their bilateral relations and encouraged both sides to explore ways to strengthen their cooperation to elevate the relationship to new heights.

Recognizing the importance of people-to-people exchanges in the strengthening of bilateral relations, the leaders agreed to continue efforts to foster wider and deeper collaboration among the academic institutions through: visits, training programs, student and staff mobility, information exchange, plus research and development.

The two sides agreed to actively consider improving the connectivity between the two countries and welcomed an early signing of the Air Services Agreement.

The two sides expressed their satisfaction over existing cooperation and engagements among the defence forces of the two countries in mutually-beneficial areas including personnel training.


Also Read- PM: Govt responsibility to ensure expatriates’ welfare


Both sides will encourage deeper cooperation in defence, particularly in: capacity-building, knowledge- sharing, peacebuilding, and humanitarian operations.

Stressing the need for frequent exchanges of officials of all levels to explore new potential areas for the mutual benefit, the leaders welcomed the convening of the First Foreign Office Consultation in Dhaka on September 9, 2018 and looked forward to the Second Foreign Office Consultation in Bandar Seri Begawan in 2020.

The leaders acknowledged the valuable contributions of expatriate workers in the economic development of both sending and receiving states and in this regard, encouraged their officials to explore the possibility of negotiating a memorandum of understanding (MoU) on Labour Cooperation with a consultation mechanism.

Acknowledgements

The prime minister congratulated the sultan on the commendable progress of Brunei under his visionary leadership that had also contributed to preserving the peace, stability, and prosperity of Brunei.

The premier also commended the sultan for the significant achievements in the implementation of Brunei’s strategic national development policies under Wawasan 2035.

The sultan acknowledged the contributions of the government of Bangladesh under the Prime Minister Sheikh Hasina to: global peace, migration, environment protection, development, and humanitarian operations — as well as Bangladesh's wide participation in the United Nations-led peacekeeping missions.

The prime minister expressed gratitude to the sultan, Yang Di-Pertuan of Brunei, and its  people for according a warm welcome and generous hospitality to her, and her entourage, and extended an invitation to the sultan to visit Bangladesh at his earliest convenience.

An official bilateral meeting led by the two leaders took place in a cordial and friendly atmosphere at Istana Nurul Iman on Monday.

During the visit, the leaders witnessed the signing of six MoUs on scientific and technical cooperation in agriculture, fisheries and livestock; supply of liquefied natural gas (LNG); youth and sports; and culture and arts.

The leaders also welcomed the Exchange of Notes on the visa waiver arrangement for diplomatic and official passport holders for both countries.

The two leaders expressed conviction that these bilateral instruments will take the relationship between the two countries to new heights in the future.