Foreign Minister Hasan Mahmud urged the Thai private sector to take full advantage of Dhaka's various incentives for overseas business and partnerships to invest in Bangladesh.
He also stressed the importance of early initiation of a free trade agreement between Bangladesh and Thailand to enhance bilateral trade and balance the trade deficit.
The foreign minister spoke on Friday at a business conference organized by the Bangladesh Embassy in Bangkok on the sidelines of Minister Sheikh Hasina's official visit to Thailand, according to a press release from the Ministry of Foreign Affairs on Saturday.
Earlier, Bangladesh and Thailand signed a Memorandum of Understanding to start a free trade agreement between the two countries.
During the business meeting, Hasan highlighted the trade and investment potential between Bangladesh and Thailand, saying it would ultimately contribute to the overall development and prosperity of both countries.
The Foreign Minister emphasized the importance of Thailand as Bangladesh's major trading partner within the ASEAN region.
He also explained that Bangladesh has made remarkable progress in all indicators of socio-economic development over the past 15 years and that Bangladesh has succeeded in graduating from Least Developed Country (LDC) status, which is due to Sheikh. He attributed this to Prime Minister Hasina's far-sighted leadership.
Mr. Hasan also emphasized the importance of promoting people-to-people contacts as a means of strengthening ties between Bangladesh and Thailand.
By prioritizing such exchanges, the two countries can deepen understanding, cooperation and partnership, which will benefit their peoples, he said.
Finance Minister Abul Hassan Mahmoud, Prime Minister's Private Industry and Investment Adviser Salman Fazlur Rahman, Interior Minister Asaduzzaman Khan, Deputy Commerce Minister Ahsanul Islam Titu, and Foreign Minister Masoud bin Momen attended the event. .
Mr. Salman Rahman elaborated on the incentives provided by the Bangladesh government to foreign investors.
He invited Thai investment in Bangladesh's tourism sector and opined that Dhaka could benefit from the Thai government's technology transfer.
Commenting on the Offshore Banking Act 2024 recently enacted by the Bangladesh government, the Deputy Minister of Commerce called on Thai investors to consider investing in Bangladesh.
He said that as a bridge between South Asia and Southeast Asia, Bangladesh could be considered as an investment target due to its regional hub and moderate market size.
He called on the private sector in Bangladesh and Thailand to explore all opportunities while ensuring necessary facilitation from the government.
During the deliberations, Charles Frederick, senior vice president of Thailand's prominent global sugar engineering company Sutech, said that the Bangladeshi government could work with local private investors to revitalize one or two of its existing sugar factories. He suggested that there is a possibility of exploring the possibility of doing so.
He noted that if the initiative is successful, it could pave the way for the government to develop a policy framework aimed at encouraging private investment in the sugarcane industry.
BIDA representatives gave a detailed presentation on the incentives offered by the Bangladesh government to foreign investors investing in Bangladesh.
He highlighted the agribusiness, digital economy, logistics and light industry sectors that Thai investors may consider investing in.
Since the establishment of diplomatic relations, bilateral relations between the two countries have evolved into a comprehensive partnership that includes cooperation in trade and investment, culture, education, health, agriculture, and connectivity.
The event was attended by prominent business figures from Thailand's business community.
Abdul He, Ambassador of Bangladesh to Thailand, thanked all the dignitaries and guests for attending the event.
Thai Ambassador to Bangladesh Makawadi Sumitomoor was also present.
Foreign Minister Hasan Mahmud urged the Thai private sector to take full advantage of Dhaka's various incentives for overseas business and partnerships to invest in Bangladesh.
He also stressed the importance of early initiation of a free trade agreement between Bangladesh and Thailand to enhance bilateral trade and balance the trade deficit.
The foreign minister spoke on Friday at a business conference organized by the Bangladesh Embassy in Bangkok on the sidelines of Minister Sheikh Hasina's official visit to Thailand, according to a press release from the Ministry of Foreign Affairs on Saturday.
Earlier, Bangladesh and Thailand signed a Memorandum of Understanding to start a free trade agreement between the two countries.
During the business meeting, Hasan highlighted the trade and investment potential between Bangladesh and Thailand, saying it would ultimately contribute to the overall development and prosperity of both countries.
The Foreign Minister emphasized the importance of Thailand as Bangladesh's major trading partner within the ASEAN region.
He also explained that Bangladesh has made remarkable progress in all indicators of socio-economic development over the past 15 years and that Bangladesh has succeeded in graduating from Least Developed Country (LDC) status, which is due to Sheikh. He attributed this to Prime Minister Hasina's far-sighted leadership.
Mr. Hasan also emphasized the importance of promoting people-to-people contacts as a means of strengthening ties between Bangladesh and Thailand.
By prioritizing such exchanges, the two countries can deepen understanding, cooperation and partnership, which will benefit their peoples, he said.
Finance Minister Abul Hassan Mahmoud, Prime Minister's Private Industry and Investment Adviser Salman Fazlur Rahman, Interior Minister Asaduzzaman Khan, Deputy Commerce Minister Ahsanul Islam Titu, and Foreign Minister Masoud bin Momen attended the event. .
Mr. Salman Rahman elaborated on the incentives provided by the Bangladesh government to foreign investors.
He invited Thai investment in Bangladesh's tourism sector and opined that Dhaka could benefit from the Thai government's technology transfer.
Commenting on the Offshore Banking Act 2024 recently enacted by the Bangladesh government, the Deputy Minister of Commerce called on Thai investors to consider investing in Bangladesh.
He said that as a bridge between South Asia and Southeast Asia, Bangladesh could be considered as an investment target due to its regional hub and moderate market size.
He called on the private sector in Bangladesh and Thailand to explore all opportunities while ensuring necessary facilitation from the government.
During the deliberations, Charles Frederick, senior vice president of Thailand's prominent global sugar engineering company Sutech, said that the Bangladeshi government could work with local private investors to revitalize one or two of its existing sugar factories. He suggested that there is a possibility of exploring the possibility of doing so.
He noted that if the initiative is successful, it could pave the way for the government to develop a policy framework aimed at encouraging private investment in the sugarcane industry.
BIDA representatives gave a detailed presentation on the incentives offered by the Bangladesh government to foreign investors investing in Bangladesh.
He highlighted the agribusiness, digital economy, logistics and light industry sectors that Thai investors may consider investing in.
Since the establishment of diplomatic relations, bilateral relations between the two countries have evolved into a comprehensive partnership that includes cooperation in trade and investment, culture, education, health, agriculture, and connectivity.
The event was attended by prominent business figures from Thailand's business community.
Abdul He, Ambassador of Bangladesh to Thailand, thanked all the dignitaries and guests for attending the event.
Thai Ambassador to Bangladesh Makawadi Sumitomoor was also present.