Thailand, Bangladesh to double trade

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Meeting of the prime ministers: Yingluck Shinawatra, Thailand (left), and Sheikh Hasina, Bangladesh

Bangladesh and Thailand are aiming to double bilateral trade by 2016, following a visit by Thai prime minister Yingluck Shinawatra to the country and a meeting with Bangladesh’s prime minister Sheikh Hasina on December 22.

Thailand has expressed interest in investing in Bangladesh’s infrastructure and construction sectors along with extending its assistance in the fields of education, health-care, science and technology.

Hasina invited the Thai private sector to invest in infrastructure development, food processing and power generation sectors. The Bangladeshi prime minister claimed that Bangladesh has “the best environment for investment among the South Asian countries.”

The two countries also signed two memorandums of understanding to foster regular meetings at the level of foreign secretaries and to increase cooperation in the field of agriculture. Besides, the two sides agreed to a closer cooperation between their respective oil and gas companies in exploration and production opportunities in Bangladesh.

Bangladesh will also import up to one million tonnes of rice from Thailand in 2013  to help stabilise the domestic price of the commodity..

Bilateral trade between Thailand and Bangladesh has increased by over 65 per cent in 2011 and crossed the $1 billion mark, according statistics provided by the Thai foreign ministry.

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Reading Time: 1 minute

Meeting of the prime ministers: Yingluck Shinawatra, Thailand (left), and Sheikh Hasina, Bangladesh

Bangladesh and Thailand are aiming to double bilateral trade by 2016, following a visit by Thai prime minister Yingluck Shinawatra to the country and a meeting with Bangladesh’s prime minister Sheikh Hasina on December 22.

Reading Time: 1 minute

Meeting of the prime ministers: Yingluck Shinawatra, Thailand (left), and Sheikh Hasina, Bangladesh

Bangladesh and Thailand are aiming to double bilateral trade by 2016, following a visit by Thai prime minister Yingluck Shinawatra to the country and a meeting with Bangladesh’s prime minister Sheikh Hasina on December 22.

Thailand has expressed interest in investing in Bangladesh’s infrastructure and construction sectors along with extending its assistance in the fields of education, health-care, science and technology.

Hasina invited the Thai private sector to invest in infrastructure development, food processing and power generation sectors. The Bangladeshi prime minister claimed that Bangladesh has “the best environment for investment among the South Asian countries.”

The two countries also signed two memorandums of understanding to foster regular meetings at the level of foreign secretaries and to increase cooperation in the field of agriculture. Besides, the two sides agreed to a closer cooperation between their respective oil and gas companies in exploration and production opportunities in Bangladesh.

Bangladesh will also import up to one million tonnes of rice from Thailand in 2013  to help stabilise the domestic price of the commodity..

Bilateral trade between Thailand and Bangladesh has increased by over 65 per cent in 2011 and crossed the $1 billion mark, according statistics provided by the Thai foreign ministry.

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