United States news of Bangladesh. Dhaka
The Finance Minister, AMA Muhith, said on Wednesday that infrastructure in the transport sector must be developed before the start of cross-border business and trade in the region.
' We have serious problems in our waterways, roads and railways. We should according to India, go Nepal and Bhutan, but it seems not possible now because of a lack of facilities in infrastructure. These need to be developed, "he said."
The Finance Minister said at the opening session of "public private dialogue for the improvement of trade facilitation in South Asia" held in a local hotel.
The Federation of Bangladesh Chambers of Commerce and industry in cooperation with the International Finance Corporation and UKaid organized a full-day dialogue.
FBCCI President AK Azad the welcome delivered during Anil Sharma, head of the IFC advisory services in South Asia, an overview of the objectives which were public private dialogue.
As chief guest said, Muhith, that infrastructures developed prior to the start transit economy and trade, and until should be fixed.
He said that many works to be done to enhance trade in the region, and it must also a move to Myanmar, China and Thailand.
The Finance Minister said that unless investment and trade go together, there will be no development.
It is worth mentioning that growth and trade developed relationship of these South Asian countries, he said that growth should be facilitated by investment and trade.
Muhith said, that in the region, good alignment in standardised rules of origin, customs standard and handling and Office discipline. "Otherwise, will trade is frustrated."
He informed that the work in progress are to improve the quality control of the Bangladesh standards and testing institutions to better access to the neighbouring countries.
In his welcome speech, President FBCCI AK Azad, said that despite the geographical proximity of intraregional trade of the country's only about 5% it is although much opportunity available.
"More regional connectivity by road, air and waterways, enables industrial economies to take advantage of."
He said that it captured while markets for Bangladesh in northeastern of India, it still is untapped. If trade and boost up, it opens a larger market.
Azad calls the SAARC Governments committed to company liberal facilitation services, investment, energy cooperation and connection, were friendly trade policy with a focus on integration with regional trade, to speed up infrastructure for regional connections and promote socio-economic uplift of the South Asian countries.
FBCCI Director MA Momen said more effectively Bangladesh and improved facilitating trading system for the effective integration of South Asian countries must play a central role.
It is important to note that in the last 20 years from the South Asian countries, we doubled the $100 billion, while exports of East Asia rose 10 times in the same period, he said.
The workshop is part of a series of IFC-led initiatives in South Asia on effective trade partnerships between public and private stakeholders in Eastern and northeastern India, Nepal and Bangladesh help to identify areas where reform efforts have maximum effect on cross-border projects in the private sector.
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| Source: newagebd.com
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