The country’s top business leaders urged Malaysian government for taking an initiative to strengthen bilateral trade with Bangladesh utilizing the potentials of the two countries.
Sheikh Fazle Fahim, acting president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the country’s apex trade body,made the call. He came up with the demand in a meeting with Malaysian High Commissioner to Bangladesh Nur Ashikin Binti Mohd Taib at FBCCI office in Dhaka on Wednesday.
Sheikh Fazle Fahim sought technological support in the country’s development movement from the Malaysian authority as it has advance experience in infrastructure development, power and energy and many other sectors.
FBCCI directors Md Rejaul Kariem Rejnu, Alhaj Azizul Haque and acting secretary general Hussain Jamil were present at the meeting.
Sheikh Fazle Fahim, at the meeting, briefed the Malaysian envoy about the role of Bangladesh’s private sector in the fast-growing development activities of the country. Mentioning the tremendous economic development activities of Bangladesh, he highlighted country’s achievement that created positive country image worldwide. Besides, he sought technological and curriculum assistance of Malaysian Vocational Institutes to develop ‘FBCCI Private Institute’ established recently to build demand-driven human resources to meet the present market needs.
High Commissioner Nur Ashikin Binti Mohd Taib praised Bangladesh’s achievement in economic development.
She has sought necessary cooperation from the FBCCI to hold the upcoming Export Acceleration Mission to be held in Dhaka during November 11-12, 2018 where 15 Malaysian business entities will participate.
The participating Malaysian companies are working in investment, export and FMGG sectors. This mission is aimed at identifying business opportunities in Bangladesh, collaborating with Bangladeshi companies and also setting up joint ventures.
Mentionable, Bangladesh exported products worth $232.42 million to Malaysia in 2017-18 and imported goods of worth $1363.10 million. The principal exports of Bangladesh to Malaysia are knitwear, woven garments, agricultural products, engineering products and plastics and rubber articles.
The import items from Malaysia include animal or vegetable fats and oils and their cleavage products, machinery and mechanical appliances.