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Thai envoy for Dhaka-Bangkok FTA deal

  • Staff Correspondent
  • 28 September, 2021 12:00 AM
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Thai envoy for Dhaka-Bangkok FTA deal

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Newly appointed Thai ambassador to Bangladesh Makawadee Sumitmor has called for Free Trade Agreement (FTA) between Bangladesh and Thailand to enhance bilateral trade.

The envoy made the call when Bangladesh Thai Chamber of Commerce & Industry (BTCCI) leaders paid a courtesy call on her at the Thai Embassy on Sunday

“Bangladesh and Thailand are tested friends and the ethnic historical and cultural ties so there are huge opportunities to do good business between these two countries,” A BTCCI release quoted her as saying.

She emphasised on the ways and means to promote bilateral trade and investment such as making a free trade agreement, development of ports on Thailand’s Andaman coast to shorten sea transport route to Bangladesh, and the possibility to co-organize events to celebrate the 50th anniversary of diplomatic relations next year.

BTCCI put forward some proposals for enhancing bilateral trade and investment relationship between Bangladesh and Thailand.

The proposals include making easier business policy between the business community, working jointly for Thai Special Economic Zone in Bangladesh, including more duty free Bangladeshi products, relocating labor intensive industry in Bangladesh like woven and textile Industry and some potential industry like power & energy, light engineering, electric, food, handicrafts and other effective bilateral activities.

The Thai Envoy assured the business leaders of working on all proposals of BTCCI and augment business between the two countries.

BTCCI President Mohammad Shahjahan Khan said that both countries have lots of scope of cooperation to work jointly in some important sectors like pharmaceuticals, jute and jute goods, leather, tourism & hospitality, infrastructure, agro processing, RMG, etc.

“As we have huge trade gap between our countries so we should work jointly to minimize the trade gap,” he said.

FBCCI Vice President and former BTCCI president M A Momen was also present at the meeting.

Engr. Rashed Maksud Khan, Founder President of BTCCI and Former President of DCCI also attended the meeting and emphasized on strengthening the already established good relationship between Bangladesh and Thailand.