BMCCI urged to help boost exports to Malaysia

Foreign Minister AH Mahmood Ali yesterday urged the newly elected leaders of Bangladesh Malaysia Chamber of Commerce (BMCCI) to play an active role in boosting Bangladesh’s export to Malaysia.
The foreign minister   assured the BMCCI leaders of providing all possible support to increase Bangladesh’s export to Malaysia.
The assurance came when the members of the board of directors of the bilateral chamber, led by its President Md Alamgir Jalil, met the Foreign Minister at his office at the Ministry, said a press release.
Ali also thanked the BMCCI leaders for their appreciable roles in promoting bilateral trade relations between Bangladesh and Malaysia and assured his ministry’s all-out support to all BMCCI activities.
BMCCI Vice President Syed Almas Kabir, Secretary General Shabbir Ahmed Khan, Treasurer MA Bakar, Directors Sheikh Nasim Imam, Rubaiyat Ahsan, Yesmin Ipphat, Mamunur Rahman,  Anwar Shahid and Secretary Hasanur Rahman Chowdhury were present at the meeting.
The BMCCI president in a memorandum submitted to the minister mentioned that Bangladesh considers Malaysia as one of the major source of foreign direct investment (FDI). Malaysia is one of the largest investors in Bangladesh.
The total volume of the two-way trade between Bangladesh and Malaysia has reached US$ 1,314.60 million, while Bangladesh’s export is only US$ 114.60 million against Malaysia’s US$ 1.2 billion export to Bangladesh is the fiscal year 2014-2015.
The BMCCI president said economic diplomacy is a must to increase trade and development of both the countries leading to Malaysian manufacturing units relocating to Bangladesh taking advantage of lower wages.
“Bangladesh will greatly be benefited by the employment opportunities it will create improving the economy and living standard of the nation,” he said.
The issue of 4th Showcase Bangladesh 2016, to be held on May 17-19 at Kuala Lumpur Convention Centre (KLCC) was also discussed.

BMCCI urged to help boost exports to Malaysia

Foreign Minister AH Mahmood Ali yesterday urged the newly elected leaders of Bangladesh Malaysia Chamber of Commerce (BMCCI) to play an active role in boosting Bangladeshs export to Malaysia. The foreign minister assured the BMCCI leaders of providing all possible support to increase Bangladeshs export to Malaysia. The assurance came when the members of the board of directors of the bilateral chamber, led by its President Md Alamgir Jalil, met the Foreign Minister at his office at the Ministry, said a press release. Ali also thanked the BMCCI leaders for their appreciable roles in promoting bilateral trade relations between Bangladesh and Malaysia and assured his ministrys all-out support to all BMCCI activities. BMCCI Vice President Syed Almas Kabir, Secretary General Shabbir Ahmed Khan, Treasurer MA Bakar, Directors Sheikh Nasim Imam, Rubaiyat Ahsan, Yesmin Ipphat, Mamunur Rahman, Anwar Shahid and Secretary Hasanur Rahman Chowdhury were present at the meeting. The BMCCI president in a memorandum submitted to the minister mentioned that Bangladesh considers Malaysia as one of the major source of foreign direct investment (FDI). Malaysia is one of the largest investors in Bangladesh. The total volume of the two-way trade between Bangladesh and Malaysia has reached US$ 1,314.60 million, while Bangladeshs export is only US$ 114.60 million against Malaysias US$ 1.2 billion export to Bangladesh is the fiscal year 2014-2015. The BMCCI president said economic diplomacy is a must to increase trade and development of both the countries leading to Malaysian manufacturing units relocating to Bangladesh taking advantage of lower wages. Bangladesh will greatly be benefited by the employment opportunities it will create improving the economy and living standard of the nation, he said. The issue of 4th Showcase Bangladesh 2016, to be held on May 17-19 at Kuala Lumpur Convention Centre (KLCC) was also discussed.