The newly appointed Thai ambassador to Bangladesh MakawadeeSumitmore calls for Free Trade Agreement (FTA) between Bangladesh and Thailand to create more business opportunities between two countries in a courtesy call of the Board of Directors of the Bangladesh Thai Chamber of Commerce & Industry (BTCCI). The Bilateral chamber also placed some proposals for enhancing bilateral trade & Investment relationship between Bangladesh and Thailand in the BTCCI Courtesy Call on Sunday at the Royal Thai Embassy, Dhaka.
BTCCI placed some important issues to the new Thai Envoy like to make easier business policy between the business community, to work jointly for Thai Special Economic Zone in Bangladesh, to include more duty free Bangladeshi products, relocating labor intensive industry in Bangladesh like Woven Textile Industry and some potential industry like Power & Energy, Light Engineering, Electric, Food, Handicrafts and other effective bilateral activities. The New Thai Envoy assured the business leaders to work on all proposals of BTCCI and alsotry to augment business between two countries.
Seen in the photo Makawadee Sumitmore, Ambassador of Thailand to Bangladesh, Mohammad Shahjahan Khan, President of BTCCI, M A Momen, Vice President of FBCCI & Former President of BTCCI, Rashed Maksud Khan, Founder President of BTCCI,Khemathat Archwathamrong, Minister Counsellor (Commercial) & BTCCI Honorary Director and some of Directors of BTCCI and Thai Embassy officials were present in the BTCCI Board of Directors Courtesy Call with Thai Embassy Officials.
The Thai Ambassador Thanked to the board of Directors to come forward for the discussion of bilateral issues of Bangladesh and Thailand and emphasized on the ways and means to promote bilateral trade and investment such as making a free trade agreement, development of ports on Thailand’s Andaman coast to shorten sea transport route to Bangladesh, and the possibility to co-organize events to celebrate the 50th anniversary of diplomatic relations next year. She also said that as Bangladesh and Thailand are tested friends and the ethnic historical and cultural ties so there are huge opportunities to do good business between these two ASEAN Countries.
Mohammad Shahjahan Khan, President of BTCCI said that we have lots of scope of cooperation to work jointly in some important sectors like Pharmaceuticals, Jute and Jute goods, Leather, tourism & hospitality, infrastructure, Agro processing, RMG, etc. As we have huge trade gap between our countries so we should effortjointly to minimize the trade gap. BTCCI President also emphasized on the increasing export from Bangladesh to Thailand and he requested Thai Officials to initiate for adding new products to import from Bangladesh. As per Bangladesh govt. investment friendly regulations Bangladesh has huge potentiality in investment in different sectors, the three Thai big companies- Ital-Thai, CP Bangladesh, Siam City Cement are the good examples for the lucrative investment environment. He also requested ambassador to work on the easy sea connectivity from Thailand to Bangladesh. Due to the pandemic situation both countries are struggling to recover economy within short time for which Bangladesh govt. led by Prime Minister Sheikh Hasina announced a stimulus packagetotaling Tk1.31 trillion in different business sectors to recover the businesses in the country and Thailand is taking some initiatives to face this business disorder.
New Thai Envoy Makawadee Sumitmore said that the investmentof some Thai big companies in Bangladesh is the proof of Thailand’s interest to consider Bangladesh as an investment destination. She is very much interested to work jointly in BTCCI Activities like Business Delegation of Both Countries, how to work with BTCCI and also how to promote the trade and investment between the countries and also can take opportunity in the sectors- Cement, Infrastructure, Tourism, Foods Processing. TheAmbassador emphasized that apart from trading only, now countries should try to establish strategic partnerships. She realized the problems of the connectivity and would try to work on this.
FBCCI Vice President and BTCCI Former President M A Momenwas present in the meeting and stressed upon more cooperation between our two business communities and to do more studies for joint venture especially in Woven Textile Factory, Electronic goods, Foods, various services etc. He stated that Thailand needs to importmore products from other countries and Bangladesh can be one of its important sourcing countries. He said that Bangladesh provided a low cost production base and competitive labor market for Thai Businessmen and therefore Bangladesh could be their investment destination.
Engr. Rashed Maksud Khan, Founder President of BTCCI and Former President of DCCI also attended the meeting and emphasized on strengthening the already established good relationship between Bangladesh and Thailand. He stressed that different potentials sectors of two countries could also be exploredmore.
Some of the BTCCI Board of Directors also attended the courtesy call on including Khemathat Archwathamrong, Minister Counsellor (Commercial) & BTCCI Honorary Director, Shamima Rahman, M. Salem Sulaiman, Hossain A Shikder, Kiatkati Chaopanknam, Md. Junaed Ibne Ali, Md. Ahsanuzzaman, Zubair Hassan Chowdhury, Brahmanda Pratap Barua, Directors and Md. Nazmul Hossen, Secretary of BTCCI.