A 40-member trade delegation from Kuching Chinese General Chamber of Commerce & Industry (KCGCCI), Malaysia visited Dhaka Chamber of Commerce & Industry (DCCI) today 11 April, 2017. Assistant Minister for Agriculture, Sarawak Government, MalaysiaYB Encik Malcolm Mussenand Chairman for Commerce Committee, KCGCCIDr. Christopher Ngui Siew Ling led the Malaysian delegation.
DCCI President Abul Kasem Khan welcomed the delegation to DCCI. Abul Kasem Khan said Bangladesh needs huge investment in the energy and infrastructure sector. He also said according to pricewaterhouse coopers Bangladesh will be the 29th largest economy in the world by the year 2030. DCCI also projected in 2010 that Bangladesh has the potential to become 30th largest economy by the year 2030. He said Bangladesh has a large untapped market of halal products where Bangladeshi and Malaysian entrepreneurs can jointly explore its potentials.The current bilateral trade and economic cooperation between Bangladesh and Malaysia is far below the potentials. He invited Malaysian businessmen to import Bangladeshi best quality jute and jute goods. There is huge potential for expansion of bilateral trade and investment between Malaysia and Bangladesh. In order to increase the bilateral trade to the expected level and reducing the trade deficit, a comprehensive Free Trade Agreement (FTA) between Bangladesh and Malaysia needs to be inked, he said.
Assistant Minister for Agriculture, Sarawak Government, MalaysiaYB Encik Malcolm Mussen said that there is a huge demand of Bangladeshi jute and jute goods in Malaysia. He said Bangladesh can export agro-products, spice, furniture, dairy products to Malaysia. He also said that Malaysian investors are keen to invest in clean energy and energy waste management projects.
Chairman for Commerce Committee, KCGCCIDr. Christopher Ngui Siew Ling said exchange of trade delegation can boost bilateral trade. He said export diversification will help Bangladesh get competitiveness in export to Malaysia.
DCCI Directors Imran Ahmed, Engr. Akber Hakim, DCCI Member Kazi Munni, former Vice President M Abu Hurairah, Convenors Capt. Nurul Haque, Engr. Al Amin, Neyamot Ullah Majumder took part in the discussion. They invited Malaysian investors to do joint ventures in Bangladesh. DCCI Vice President Hossain A Sikder and Secretary General AHM Rezaul Kabir were also present at that time.