“Since New Zealand offers duty free market access for all Bangladeshi products and manufacturers - especially of apparel, pharmaceutical and leather products - we can utilise the opportunity and expand our exports,” Tofail Ahmed said.
"In the seventh five-year plan, Bangladesh has given importance to market and product diversification and New Zealand will be in the priority chart," said the minister.
According to Export Promotion Bureau (EPB), Bangladesh exports to New Zealand in the fiscal year 2015-16 stood at $73.63 million - an increase of 47% on the previous year. In the same period, Bangladesh imported goods totalling $150 million.
“We will take necessary steps to lessen the trade gap,” he added.
Mr Morton said dairy products are an important part of trade between Bangladesh and New Zealand.
"In the last five years, trade between the two countries has doubled to $224 million and is expected to double again in the next five years," the envoy said.
"New Zealand will help Bangladesh to meet its export target and continue to do business for better trade relations."
Bangladesh exports knitwear products, woven garments, textile fabrics, jute yarn and twine, tobacco, sacks and bags, cap, ceramics and food items to New Zealand. Imports consist of dairy products, live animals, vegetable products, plastic pulp, mineral products and machinery.