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DCCI for boosting trade ties with Thailand

  • Staff Correspondent
  • 3 November, 2021 12:00 AM
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DCCI for boosting trade ties with Thailand

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DCCI president requested Thai ambassador in Dhaka to relocate Thai labour intensive industries to Bangladesh.

Dhaka Chamber of Commerce and Industry (DCCI) president Rizwan Rahman made the request while Thai ambassador Makawadee Sumitmor called on him on Tuesday.

“In terms of FDI stock in Bangladesh, Thailand is the 15th largest investor in this country. But there are huge untapped opportunities for the Thai investors,” DCCI president told Ambassador Sumitmor.

“The potential investment areas can be infrastructure, automotive & light engineering, agro and food processing and tourism and health services,” said Rizwan Rahman. He mentioned bilateral FTA or PTA as such deals might facilitate increasing trade and investment between the two countries. He sought the ambassador’s support for direct port connectivity between Chittagong and Ranongto boost trade further. Bilateral trade between Bangladesh and Thailand reached $837.06 million in 2019-20, official data showed.

Bangladesh’s total export to Thailand was only $35.46 million in 2020 whereas the import from Thailand was $801.3 million.

Export from Bangladesh experienced an upward trend in 2021 as it reached $39 million from $35.46 million a year ago.

Makawadee Sumitmor acknowledged that there was still a trade gap between these two friendly countries. She hoped that expansion of India-Myanmar-Thailand trilateral route would boost trade in the region.

Thai Embassy in Dhaka plans to organise a roadshow next year to celebrate the diplomatic relations of 50 years between Bangladesh and Thailand, the envoy said.

She also informed that Thai government was planning to fully open the country to the foreign tourists step by step in next two months as the COVID cases started coming down.