Dhaka, Bangladesh
Bhutan keen to boost trade ties with BD

Bhutan keen to boost trade ties with BD

Lotey for taking effective measures

News Desk Trade ties between Bangladesh and Bhutan can be taken to new heights as huge potentials are there to boost the bilateral trade between the two neighbouring countries. The trade relations can be taken into a new height by effective communication and follow up, said Prime Minister of Bhutan Dr Lotey Tshering on Friday while he was addressing a business meeting with the FBCCI leaders at a city hotel. Bhutan is highly keen to develop the existing trade relations with Bangladesh and also wants to explore the trade potentials, the Bhutanese PM said. Chaired by FBCCI President Md. Shafiul Islam Mohiuddin, the meeting was attended, among others, by Bhutanese Foreign Minister Dr. Tandi Dorji and other high government officials. The meeting discussed about importing hydro power from Bhutan involving the neighboring country like India. The Bhutan Prime Minister also emphasized tri-partite arrangements in this regard. Prime Minister's Private Industry and Investment Advisor Salman F Rahman and State Minister for Disaster Management Dr. Md. Enamur Rahman also addressed the meeting. Bhutanese Ambassador to Dhaka Sonam Tobden Rabgye, President of Bhutan Chamber of Commerce Ms. Phub Zam and a 26-member Bhutan business delegation also attended the program. FBCCI Vice President and the Directors along with the leading business persons of the country were present. Speaking on the occasion, FBCCI President Md. Shafiul Islam Mohiuddin said despite having huge potentials, the bilateral trade could not reach a desired level. The FBCCI Chief also suggested some areas of cooperation with Bhutan like textiles, ICT, construction and some others sectors. FBCCI Vice President Md. Muntakim Ashraf made a power-point presentation highlighting Bangladesh's economic advancement, investment condition and the ways forward to boost the existing trade volume with Bhutan. A Memorandum of Understanding (MoU) to set up a 'Joint Business Council' between FBCCI and the Bhutan Chamber of Commerce was signed at the end of the program. The presidents of the FBCCI and the Bhutan Chamber signed the MoU on behalf of their respective sides. Representatives from construction, power and energy, hospitality, tourism and the FMCG sector from Bhutan participated in the meeting. Business leaders of Bangladesh representing various sectors also attended the programme and had discussions with their counterparts. During the current fiscal year (FY20), Bangladesh's exports to Bhutan totaled $3.72 million against the imports of $18.10 million. The principal export products of Bangladesh to Bhutan are agricultural products, ores, slag and ash, woven garments, plastics and plastic articles and pharmaceutical products. The major import items from Bhutan are mineral products, vegetable products, iron and steel, textiles and textile articles. (Inputs taken from BSS)

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