Bangladesh wants to develop deeper ties with Thailand, a gateway to Asean, for attracting significant investments to Bangladesh and boosting exports to Thailand and Asean countries.
Bangladesh also urged the Thai investors to give a serious look at Bangladesh as an investment destination through which Thailand can gain benefits, equally.
“We’ll provide all necessary supports if Thailand invests in Bangladesh. Thai investors will be benefited if they invest here,” said Commerce Minister Tofail Ahmed.
He was addressing the inaugural ceremony of the three-day fair – Bangladesh Trade and Investment Expo- 2016 – in Bangkok, Thailand with the theme “Experience Asia’s Next Emerging Tiger” that began on Monday.
State Minister for Energy and Power Nasrul Hamid, State Minister for Posts and Telecommunications Tarana Halim and State Minister for Women and Children Affairs Meher Afroz Chumki are also in Thailand to narrate Bangladesh’s success stories there.
Bangladesh Ambassador in Bangkok Saida Muna Tasneem, President of Bangladesh Federation of Chambers of Commerce and Industry (FBCCI) Abdul Matlub Ahmad and Export Promotion Bureau (EPB) Vice Chairman Mafruha Sultana, among others, spoke at the inaugural session.
Commerce Minister Tofail and his Thai counterpart Apiradi Tantraporn jointly inaugurated the single-country fair at the Queen Sirikit National Convention Centre, according to the Commerce Ministry here.
Describing Bangladesh’s success in various areas, the Commerce Minister said Bangladesh’s forex reserve has exceeded US$ 29 billion and will earn US$ 35 billion through exports in the current fiscal year.
“The government is working to make the export volume US$ 60 billion by 2021,” said the Commerce Minister.
He also informed the Thai investors that Bangladesh is creating 100 economic zones and many countries are showing interest to invest in the zones.
Bangladesh Ambassador Muna described the event as a historic moment for Bangladesh, as this is the first such event in Bangkok in the 44 years of diplomatic relations.
Bangladesh exported products worth US$ 32.76 million to Thailand in the last fiscal year while Bangladesh imported goods worth 680.50 million, according to Commerce Ministry data.