Private sectors of Thailand to invest in Bangladesh: Foreign Minister

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27 Apr 2024, 14:47

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Foreign Minister called upon the private sectors of Thailand to take full advantage of various government incentives for business, investment, and partnership that will ultimately contribute to the overall development and prosperity of Bangladesh's economy.

FM Hasan Mahmud has emphasized the potential for trade and investment between Bangladesh and Thailand. He called upon the private sectors of Thailand to take full advantage of various government incentives for business, investment, and partnership which will ultimately contribute to the overall development and prosperity of Bangladesh's economy.

He said this during a business meeting with PM Hasina on her six-day official tour to Thailand.

The Foreign Minister also enlightened Thailand's significance as a key trade partner for Bangladesh within the ASEAN region.

FM was pleased to mention the signing of the Letter of Intent (LoI) to commence the Free Trade Agreement (FTA) between the two countries earlier on the day and emphasized the importance of early commencement of FTA for enhancing bilateral trade and balancing trade deficit between the two countries.

Furthermore, he stressed the importance of fostering increased people-to-people contact as a means to strengthen the bonds between Bangladesh and Thailand.

He said that the Bangladesh Government might benefit from Technology Transfer from the Thai Government and invited Thai investment in the Tourism sector of Bangladesh. He further added that as a bridge between South Asia and South East Asia, Bangladesh could be considered for investment as a regional hub and for its reasonable size of market. He urged the private sectors of Bangladesh and Thailand to explore all opportunities while assuring the required facilitation from the Government. He highlighted agricultural business, digital economy, logistics and light manufacturing sectors which Thai investors may consider for investment.

The event was attended by prominent business personnel from the Thai business community.

Bangladesh Ambassador to Thailand Abdul Hye thanked all the dignitaries and guests for their presence at the event.

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