The Bangladesh Myanmar Business Promotion Council would like special economic zones in Cox’s Bazar and Bandarban dedicated to joint ventures between the South Asian neighbours.
Syed Mahmudul Huq, who serves as chair of the council of businessmen from both sides of the border, said in a press statement that the joint ventures could be in a number of areas, while particularly noting the potential of export-oriented agro-based industries, utilising inputs or raw materials from Myanmar.
‘There is enormous scope for cooperation between Bangladesh and Myanmar in agriculture, energy and service sectors, as well as the banking sector,’ Huq stated, following the 8th Bangladesh-Myanmar Joint Trade Commission meeting held
in Dhaka on November 9-10.
The BMBPC, after the meeting, hosted a reception at a city hotel in honour of the visiting Myanmar delegation led by the permanent secretary
to the Ministry of Commerce of Myanmar, Toe Aung Myint, who assured ‘all-out support’ from the government of Myanmar to boost ties between the two countries.
Mahmudul Huq said the two countries are not just close neighbours, but also countries with many shared interests and emphasised collective efforts to deepen economic ties
‘Bangladesh and Myanmar do not suffer from the burden of asymmetric economic relations and any negatives. On the contrary, both our countries have almost identical economic challenges and a long history of collaboration on myriad economic issues,’ he was quoted as saying.
He also said the two countries have good potential for enriching cooperation and widening the scope of collective initiatives to elevate relations to new heights.
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