Dhaka Chamber of Commerce and Industry (DCCI) leaders have invited Malaysian investment to Bangladesh. They urged the Malaysian investors to launch joint ventures in Bangladesh.
DCCI President Abul Kasem Khan made the invitation during a meeting with a 40-member trade delegation from Kuching Chinese General Chamber of Commerce and Industry (KCGCCI), Malaysia.
Malaysian Assistant Minister for Agriculture, Sarawak Government, Malaysia YB Encik Malcolm Mussen and Chairman for Commerce Committee, KCGCCI, Christopher Ngui Siew Ling led the Malaysian delegation.
At a meeting with the delegation, Abul Kasem Khan said Bangladesh needs huge investment in the energy and infrastructure sector.
He said according to Price Water-house Coopers, Bangladesh will be the 29th largest economy in the world by the year 2030. DCCI also projected that Bangladesh has the potential to become 30th largest economy by the year 2030.
He said Bangladesh has a largely untapped market of halal products where Bangladeshi and Malaysian entrepreneurs can jointly explore the potentials. The current bilateral trade and economic cooperation between Bangladesh and Malaysia is far below the potentials.
He invited Malaysian businessmen to import Bangladeshi best quality jute and jute goods.
There is a huge potential for expansion of bilateral trade and investment between Malaysia and Bangladesh.
In order to increase the bilateral trade to the expected level and reducing the trade deficit, a comprehensive Free Trade Agreement (FTA) between Bangladesh and Malaysia needs to be inked, he said.
Assistant Minister for Agriculture, Sarawak Government, and Malaysia YB Encik Malcolm Mussen said that there is a huge demand of Bangladeshi jute and jute goods in Malaysia. He said Bangladesh can export agro-products, spice, furniture, dairy products to Malaysia.
He also said Malaysian investors are keen to invest in clean energy and energy waste management projects. Chairman for Commerce Committee, KCGCCI Christopher Ngui Siew Ling said exchange of trade delegation can boost bilateral trade.
He said export diversification will help Bangladesh get competitiveness in export to Malaysia. DCCI Vice President Hossain A Sikder and Secretary General AHM Rezaul Kabir, DCCI Director Imran Ahmed and Akber Hakim were also present at the meeting, among others.