Tofail for more S’pore investments in EZs

Seeking more Singaporean investments in Bangladesh’s Economic Zones, (EZ) Commerce Minister Tofail Ahmed said the government allows hundred per cent foreign investments in EZs, reports BSS.

“Singaporean entrepreneurs can invest in the Economic Zones. The government now allows hundred per cent foreign investments in the country’s EZs,” Tofail told High Commissioner of Singapore in Dhaka Derek Loh when he called on him at his secretariat in the capital yesterday.

During the meeting, they discussed matters related to development of bilateral trade, said a media release.

The high commissioner requested the commerce minister for renewal of double tax related matters of the Singaporean investors. Tofail assured him of looking into the matter.

Tofail said Bangladesh imports goods worth US $2.5 billion from Singapore against its export of US $325 million. He urged the high commissioner to play a role in bringing down duty/tariff to zero for boosting bilateral trade.

In a bid to boost investments, the government will set up 100 new economic zones across the country.

Tofail for more Spore investments in EZs

Seeking more Singaporean investments in Bangladeshs Economic Zones, (EZ) Commerce Minister Tofail Ahmed said the government allows hundred per cent foreign investments in EZs, reports BSS. Singaporean entrepreneurs can invest in the Economic Zones. The government now allows hundred per cent foreign investments in the countrys EZs, Tofail told High Commissioner of Singapore in Dhaka Derek Loh when he called on him at his secretariat in the capital yesterday. During the meeting, they discussed matters related to development of bilateral trade, said a media release. The high commissioner requested the commerce minister for renewal of double tax related matters of the Singaporean investors. Tofail assured him of looking into the matter. Tofail said Bangladesh imports goods worth US $2.5 billion from Singapore against its export of US $325 million. He urged the high commissioner to play a role in bringing down duty/tariff to zero for boosting bilateral trade. In a bid to boost investments, the government will set up 100 new economic zones across the country.