Bangladesh, New Zealand agree to facilitate trade

Bangla Tribune Report
Published : 20:09, Nov 19, 2019 | Updated : 20:53, Nov 19, 2019

Commerce Minister Tipu Munshi meets New Zealand Trade and Export Growth Minister David Parker at the Parliament House of Wellington on Monday (Nov 18).Bangladesh and New Zealand have agreed to work closely to facilitate trade and economic interactions between the two countries.
The issue was discussed when Commerce Minister Tipu Munshi met New Zealand Trade and Export Growth Minister David Parker at the Parliament House of Wellington on Monday.
Tipu Munshi’s visit marked the first-ever visit by a Bangladesh Commerce Minister to New Zealand since Bangladesh’s independence, says a press release.
During the meeting, the two ministers acknowledged the absence of diversification of products and noted the imperative for a trade framework that is critical for intensifying trade interactions.
Munshi invited New Zealand to invest in Bangladesh given the incentives extended to the foreign investors and the prospect of accessing a huge market in the neighbouring economies.
The two ministers have agreed that forming a government-led framework would provide a unique platform to examine prospects and challenges at sectoral level and opportunities to bring newer items in the trade basket that would benefit both economies and people.
The Commerce Minister also met CEO of the Auckland Business Chamber Michael Barnettin Auckland and discussed how to create links between the SMEs of the two countries to facilitate business among themselves.
They further spoke about the direct linkage between relevant chambers and associations of the two countries to speed up business interactions and investment.
The Commerce Minister invited the CEO to visit Bangladesh with a business delegation to explore the opportunities.
Tipu Munshi also attended a dinner hosted by Bangladesh High Commissioner Sufiur Rahman in the evening.