“Bangladesh and Myanmar do not suffer from any burden of asymmetrical economic relations,” said Syed Mahmudul Huq, chairman of Bangladesh-Myanmar Business Promotion Council (BMBPC).
“On the contrary, both of our countries have almost identical economic challenges and a long history of collaboration on myriads of economic issues.”
Huq was speaking at a reception ceremony of the BMBPC on Thursday in Dhaka in honour of the visiting Myanmar delegation.
The delegation was led by Toe Aung Myint, permanent secretary of the Myanmar Ministry of Commerce.
The delegation visited Dhaka from November 9-10 to attend the two-day 8th Bangladesh Myanmar Joint Trade Commission meeting.
Huq said: “Our two countries are not only close neighbours, but also countries with so many shared interests and stakes,”
“We have also a good potential of enriching contents of our cooperation and widening scopes of collective initiatives to elevate our relations to new heights.”
He identified that there was an enormous scope of cooperation between Bangladesh and Myanmar in agriculture, energy and service sectors including in the banking sector.
In response, Toe Aung Myint assured Bangladesh of extending all out support for the enhancement of economic ties between the two countries.
Meanwhile, BMBPC proposed to set up special economic zones in Cox’s Bazar and Bandarban districts dedicated to joint ventures between Bangladesh and Myanmar, especially in the field of agro-based industries with inputs or raw materials from Myanmar for their re-export to third countries.
Bangladesh Shrimp and Fish Foundation and Myanmar Shrimp Association signed a MoU in June this year to work together to develop and adapt the hatchery technology in shrimp and prawn sectors of both the countries.
The reception was attended, among others, by Senior Secretary of the Ministry of Industries, Mosharraf Hossain Bhuyan, Commerce Secretary Hedayetullah Al Mamoon, Chairman of National Board of Revenue Nojibur Rahman, Planning Commission Member Khorshed Alam Chowdhury, Myanmar Ambassador Myo Myint Than, Singapore Consul Darryl Lau, President of International Chamber of Commerce-Bangladesh Mahbubur Rahman, President of Bangladesh Employer’s Federation Salauddin Kasem Khan and President of Cox’s Bazar Chamber of Chamber of Commerce and Industries Abu Murshed Chowdhury.