Monday, 29 November, 2021
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Thailand to promote Bangladeshi products in its market

  • Staff Correspondent
  • 24 November, 2021 12:00 AM
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Thailand to promote Bangladeshi products in its market
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin presents a bouquet to Thailand Ambassador to Bangladesh Makawadee Sumitmor during her visit at FBCCI office in the capital on Tuesday.

Thailand will take initiative to promote Bangladeshi products in it’s local market in a bid to narrow bilateral trade gap.

Thai Ambassador to Bangladesh Makawadee Sumitmor expressed her interest for this during a courtesy call on Federation of Bangladesh Chambers of Commerce & Industries (FBCCI) president Md Jashim Uddin on Tuesday.

She said that positive progress has been made on signing Free Trade Agreement (FTA) between Thailand and Bangladesh.

The FBCCI president said that after becoming a developing country from a least developed country, Bangladesh will lose some market advantage in the world market.

He also said, “FTA or PTA will be essential for economic development after 2026.

However, before signing of a free trade agreement, trade balance must be established between the two countries concerned.

He said that bilateral trade between the two countries has long been in favor of Thailand.

Inviting Thai investors to Bangladesh, the FBCCI president said that Thai investment can be lucrative, especially in the agro-processing sector.

The Thai ambassador said that if Bangladeshi products are branded, there is a possibility of creating huge demand for Bangladeshi products in Thailand.

In particular, there is a huge opportunity to export readymade garments, leather goods and fish from Bangladesh, the ambassador added.

MA Momen, vice president of FBCCI, proposed for organising a road show in the country and forming a joint working group.

Mostofa Azad Chowdhury Babu, senior vice president of FBCCI, Md Habib Ullah Don, vice president and Mohammad Mahfuzul Hoque, secretary general of FBCCI were present on the occasion.

Deputy Prime Minister and commerce minister of Thailand will visit Bangladesh next year as part of the celebrations of 50 years of diplomatic relations between Bangkok and Dhaka.

The Thai ambassador offered to hold a delegation meeting with the FBCCI during the visit. 

At that meeting, the delegates can discuss the ways forward to boost bilateral trade, she said.