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Foreign Minister AH Mahmood Ali seeks more investment from Thailand

  • Published at 05:33 pm May 3rd, 2018
  • Last updated at 06:06 pm May 3rd, 2018
Foreign Minister AH Mahmood Ali seeks more investment from Thailand
Foreign Minister A H Mahmood Ali has urged Thailand to invest more in Bangladesh. During a meeting with the visiting Thai Minister for Economic Reforms and Investment Dr Kobsak Pootrakool, Ali sought more investment from Thailand. Ali also made the request to the Thai minister for greater duty free, quota free access to Bangladeshi products in the Thai market. The Thai minister came to Bangladesh on a three day visit. High powered Thai trade and investment delegation are accompanying him, to explore business and investment opportunities in Bangladesh. The two Ministers discussed direct coastal shipping connectivity between Ranong Port of Thailand and Chittagong Port. They also discussed road connectivity between Bangladesh and Thailand via Myanmar, to meet the bilateral trade volume worth USD 1.8 billion by 2021. They further discussed the possibility of FTA (Foreign Trade Agreement) between Bangladesh and Thailand. Highlighting the huge growing market in Bangladesh, Mahmood Ali pointed out that there are substantial opportunities to increase trade and investment between the two countries. The areas for investment, Mahmood Ali particularly mentioned are textiles, ship building, tourism, energy sector, and development of privately owned special economic zone. The Foreign Minister also explained the congenial investment atmosphere prevailing in Bangladesh. Bangladesh’s Ambassador to Thailand was also present during the meeting.