• Monday, Nov 18, 2019
  • Last Update : 06:59 pm

FTA to boost trade and investment between Bangladesh and Malaysia

  • Published at 11:44 pm November 6th, 2018
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DCCI President Abul Kasem Khan meets with the High Commissioner of Malaysia in Bangladesh Nur Ashikin Binti Mohd Taib at the DCCI office, on Tuesday, November 6, 2018 Courtesy

Bangladesh is doing well in terms of infrastructure development

The Dhaka Chamber of Commerce and Industry (DCCI) President has called for signing a Free Trade Agreement (FTA) between Bangladesh and Malaysia, as it will pave the way for greater investment opportunities for both countries.

DCCI President Abul Kasem Khan made the statement while meeting with the High Commissioner of Malaysia in Bangladesh Nur Ashikin Binti Mohd Taib at the DCCI office, on Tuesday, said a press release.

During the meeting, the High Commissioner said that Bangladesh has a promising future in terms of trade, commerce, and economic development, said a press release.

She opined that Bangladesh is doing well in terms of infrastructure development. 

“While the country has undertaken a few large infrastructure development projects, they need to be implemented rapidly,” said the high commissioner.

Claiming that Bangladesh has kept its GDP growth ahead in the last decade, she added that Bangladesh can take advantage by investing in the ASEAN market, since it is one of the largest potential markets in the world.

“DCCI has always advocated for Bangladesh's inclusion in ASEAN as a member country,” said Kasem,adding that with the help of Malaysia's expertise and knowledge, DCCI would like to work as a halal certification agency.

“As Bangladesh is a market of 160 million people, and most of them are Muslims, halal certification could be a promising sector to be explored,” he added.

He also invited Malaysian investors to invest in Bangladesh in infrastructure, power & energy, tourism, leather sector.  

Among others, DCCI Vice President Riyadh Hossain, Directors Waqar Ahmad Choudhury, Hossain A Sikder, Andaleeb Hasan, and  Md Al Amin, were also present at the meeting.