Dhaka, Bangkok to work together to boost bilateral trade | 2017-07-07 | daily-sun.com

Dhaka, Bangkok to work together to boost bilateral trade

Sun Online Desk     7th July, 2017 11:30:00 printer

Dhaka, Bangkok to work together to boost bilateral trade

Thailand on Thursday agreed to consider Bangladesh's proposal in expanding Duty Free Quota Free (DFQF) market access facility to Thailand as the two countries expressed their eagerness to work together for increasing bilateral trade volume.


The agreement came at the Bangladesh-Thailand 7th Joint Commission held at the State Guest House Padma in the capital on Thursday when Foreign Minister A H Mahmood Ali and his Thai counterpart Don Pramudwinai led their respective sides, reports BSS.


The Thai Foreign Minister is currently visiting Bangladesh with an 18-member delegation to lead the Bangladesh-Thai 7th Joint Commission held after two decades, according to a foreign ministry statement issued yesterday evening.


The both sides also agreed to work on the proposal for creating a bilateral mechanism of periodic "dialogue" for cooperation in preventing and combating Trans-National Crimes.


During the meeting, entire gamut of bilateral relations focusing on diplomatic visa exemption agreement, easing of tourist visa scheme for Bangladeshi tourists, creating a security dialogue for combating transnational crimes, enhancing bilateral trade and investment were discussed prominently.


Besides, enhancing cooperation on tourism, energy, ICT and digital economy, fisheries and livestock, sports and culture, agriculture , maritime and coastal shipping connectivity, mutual recognition of standards and Bangladesh's membership bid to number of regional organizations were among the key agenda discussed.


The Bangabandhu chair in Thailand's prestigious Asian Institute of Technology (AIT) under the endowment of the Bangladesh government, to promote higher level applied research in innovative technologies in the energy sector of Bangladesh, was discussed at length.


Thailand's Foreign Minister paid a rich tribute to Father of Nation Bangabandhu Sheikh Mujibur Rahman and Bangladesh's Foreign Minister paid high tribute to the Thailand's late King Bhumibal Adulyadej.


Both sides expressed satisfaction at the cumulative Thai investment in Bangladesh to the tune of 1.5 billion US Dollars and recent investment proposal worth 250 million US Dollars in the energy sector.


Bangladesh Foreign Minister invited fresh Thai investment in the tourism, Buddhist Circuit tourism, health, hospitality, food processing taking advantage of the SEZs and IT park.


They have discussed the proposal of establishing coastal shipping connectivity between Chittagong Port of Bangladesh and Ranong Port of Thailand and agreed to speed up the process.


Bangladesh requested Thailand to revive the proposal of recruiting Bangladeshi skilled, semi-skilled and unskilled workers for the labour deficit sectors in Thailand.


Both sides agreed to establish the Joint Working Groups (JWG) on Agricultural cooperation and ICT and digital technology, update the existing Agreement on cooperation in the Fisheries sector, institutionalize cooperation in the energy sector through a Framework cooperation MoU, and work on proposed MOUs in the areas of Culture and Tourism.


Thailand appreciated Bangladesh's desire to forge closer relations with the ASEAN and advised Bangladesh to enhance engagement with ARF, ACD and member countries of ASEAN.


Thailand also agreed to support Bangladesh's interest to join the regional connectivity initiatives including Mekong Ganga Cooperation, East West Economic Corridor and ASEAN Sectoral Partnership.


Later, the Foreign Minister of Thailand paid a courtesy call on Prime Minister Sheikh Hasina and visited the Bangabandhu Memorial Museum at Dhanmondi to pay respect to Father of the Nation Bangabandhu Sheikh Mujibur Rahman.


The Thai minister is scheduled to leave Dhaka on Friday.