Economic Reporter :
Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) plans to organise ‘Bangladesh Trade and Investment Summit’ in Kuala Lumpur, Malaysia in March to boost Malaysian investment in Bangladesh and bridge the trade gap between the two countries.
The newly elected President of the Board of Directors of Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI), Syed Moazzam Hossain, met Executive Chairman of Bangladesh Investment Development Authority (BIDA) Kazi M Aminul Islam on Thursday and discussed the plan.
The BMCCI President informed that the Bangladesh High Commission in Malaysia is going to organise Bangladesh Festival during 22-23 March, 2018.
In combination with this, the association wants to arrange Bangladesh Trade & Investment Summit in cooperation with Bangladesh Investment Development Authority (BIDA).
Syed Moazzam submitted a memorandum to the Executive Chairman mentioned that Bangladesh considers Malaysia as one of the major sources of Foreign Direct Investment (FDI).
“Malaysia is also one of the largest investors in Bangladesh,” he said adding that Bangladesh significantly lags behind in export, which has widened the trade gap between the two brotherly countries.
Syed Moazzam said further steps are essentially needed by encouraging more exports from Bangladesh to Malaysia to reduce this trade gap.
He said ‘economic diplomacy’ is a must to increase trade and investment between the two countries leading to the relocation of Malaysian Sunset Industries to Bangladesh taking advantage of cost-effective production and export to other developing and developed nations.
The BMCCI chief said Bangladesh will be greatly benefited with the job opportunities it will create improving the economy and standard of living of the nation.
The Executive Chairman gave a patience hearing and assured the delegation of providing all possible support to increase Bangladesh’s export to Malaysia as well as attract investment to Bangladesh.
Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) plans to organise ‘Bangladesh Trade and Investment Summit’ in Kuala Lumpur, Malaysia in March to boost Malaysian investment in Bangladesh and bridge the trade gap between the two countries.
The newly elected President of the Board of Directors of Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI), Syed Moazzam Hossain, met Executive Chairman of Bangladesh Investment Development Authority (BIDA) Kazi M Aminul Islam on Thursday and discussed the plan.
The BMCCI President informed that the Bangladesh High Commission in Malaysia is going to organise Bangladesh Festival during 22-23 March, 2018.
In combination with this, the association wants to arrange Bangladesh Trade & Investment Summit in cooperation with Bangladesh Investment Development Authority (BIDA).
Syed Moazzam submitted a memorandum to the Executive Chairman mentioned that Bangladesh considers Malaysia as one of the major sources of Foreign Direct Investment (FDI).
“Malaysia is also one of the largest investors in Bangladesh,” he said adding that Bangladesh significantly lags behind in export, which has widened the trade gap between the two brotherly countries.
Syed Moazzam said further steps are essentially needed by encouraging more exports from Bangladesh to Malaysia to reduce this trade gap.
He said ‘economic diplomacy’ is a must to increase trade and investment between the two countries leading to the relocation of Malaysian Sunset Industries to Bangladesh taking advantage of cost-effective production and export to other developing and developed nations.
The BMCCI chief said Bangladesh will be greatly benefited with the job opportunities it will create improving the economy and standard of living of the nation.
The Executive Chairman gave a patience hearing and assured the delegation of providing all possible support to increase Bangladesh’s export to Malaysia as well as attract investment to Bangladesh.
