Business Desk :
Bangladeshi and Malaysian businesses can now take trade benefits of the two countries as both of them have opened doors for investment now, experts said on Tuesday.
“All investment are secured by the law in Bangladesh and it is now allowed to expatriate 100 per cent of the dividend,” said Syed Almas Kabir, president of Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI).
He was addressing a webinar on “Exploring business opportunities in Bangladesh and Malaysia” jointly organised by BMCCI and the Malaysia External Trade Development Cooperation on Tuesday.
Malaysian businesses can invest in different sectors of Bangladesh, including leather, electronic and light engineering, automobile, plastic goods, agro processing, frozen food, pharmaceuticals, jute and jute goods, Kabir said.
At the same time, the Bangladesh Bank’s recent circular allowing local investment in Malaysia has created a huge opportunity for Bangladeshi businesses also.
Bangladesh will be able to contribute to the development of Malaysia and the BMCCI is working to make the process easy to make new investment in Malaysia, Kabir claimed.
According to him, the government is establishing special economic zone for the Malaysian companies to help them relocate their factories to Bangladesh.
