Bangladesh and Austria have signed the Air Services Agreement (ASA) to boost business and people to people connectivity between the two countries.
Bangladesh Ambassador to Austria Muhammad Abdul Muhith and Ambassador Andreas Riecken from the Austrian Ministry of European and International Affairs signed the agreement on behalf of their respective countries in Vienna on Monday.Diplomatic sources said the deal will establish direct air connectivity and is expected to help create more avenues of cooperation with enhanced trade relations.
They said Prime Minister Sheikh Hasina has outlined certain development roadmaps for Bangladesh, aimed at graduating to a developing nation, already achieved, and then a developed country by 2041. Bangladesh needs to boost investment and ensure technology transfers and better trade relations with Austria and other nations. According to a press statement by the Bangladesh Embassy in Vienna, the Air Services Agreement (ASA) between Bangladesh and Austria is expected not only to boost the aviation business for the two countries, but also to increase the business-to-business and people-to-people connectivity.
It is hoped that the agreement will help turn Vienna into a regional hub for Central, Eastern and Northern European countries including Scandinavia, thanks to its unique location, for transportation of goods and passengers between Bangladesh and the region.
In particular, both the countries expect that the agreement will expedite the process of passengers and cargo flights to and from Dhaka in near future and expand business opportunities between the two countries.