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New Thai Envoy calls for more BD-Thai joint venture

The newly appointed Thai ambassador to Bangladesh Arunrung Phothong Humphreys calls for more BD-Thai Joint venture in two countries’ strong sector in a courtesy call of the Board of Directors of the Bangladesh Thai Chamber of Commerce & Industry (BTCCI). The Bilateral chamber also placed some proposals for enhancing bilateral trade & Investment relationship between Bangladesh and Thailand in the BTCCI Courtesy Call on Wednesday.

BTCCI placed some important issues to the new Thai Envoy like to make easier business policy between the business community, more involvement of BTCCI to hold trade fair in Thailand, include more duty free Bangladeshi products, to exchange the views in the both countries’ delegation visits, to work jointly for Thai Special Economic Zone in Bangladesh, relocating labour-intensive industry in Bangladesh like Woven Textile Industry and some potential industry like Power & Energy, Light Engineering, Electric, Food, Handicrafts and other effective B2B, B2G, G2G meeting. The New Thai Envoy assured the business leaders to work on all proposals of BTCCI and also assured try to augment business between two countries.

The Thai Ambassador Thanked to the board of Directors to come forward for the discussion of bilateral issues of Bangladesh and Thailand and assured with all-out cooperation for enhancing the bilateral relationship between Bangladesh and Thailand.

President of BTCCI and Former President of DCCI Mohammad Shahjahan Khan said that Bangladesh and Thailand are tested friends and the ethnic historical and cultural ties of both the countries went back to years ago.

He said that we have lots of scope of cooperation to work jointly in some important sectors like Pharmaceuticals, Jute and Jute goods, Leather, tourism, hospitality, infrastructure, power, Agro-processing, RMG. As we have huge trade gap between our countries so we should effort jointly to minimize the trade gap. So, Shahjahan Khan wanted to get suggestion from the ambassador and her officials on how to increase the trade volume and increase for exporting to Thailand from Bangladesh. In this regard, both the BTCCI and the Royal Thai Embassy through its Thai Trade Center based in Dhaka would work jointly their best. BTCCI President also emphasized the increasing export from Bangladesh to Thailand and he requested Thai Officials to initiate for adding new products to import from Bangladesh. As per Bangladesh govt. investment friendly regulations Bangladesh has huge potentiality in investment in different sectors, the three Thai big companies- Ital-Thai, CP Bangladesh, Siam City Cement are good examples for the lucrative investment environment. He also requested the ambassador to work on the easy sea connectivity from Thailand to Bangladesh.

The Ambassador of Thailand to Bangladesh Arunrung Phothong Humphreys thanked BTCCI Board of Directors for such a courtesy call with her. She said that the investment of some Thai big companies in Bangladesh is the proof of Thailand’s interest to consider Bangladesh as an investment destination. She is very much interested to work jointly in BTCCI Activities like Business Delegation of Both Countries, how to work with BTCCI and also how to promote the trade and investment between the countries and also can take the opportunity in the sectors- Cement, Infrastructure, Tourism, Foods. The Ambassador emphasized that apart from trading only, now countries should try to establish strategic partnerships. She realized the problems of the connectivity and would try to work on this.

Engr. Rashed Maksud Khan, Founder President of BTCCI and Former President of DCCI also attended the meeting and emphasized on strengthening the already established good relationship between Bangladesh and Thailand. He stressed that potentials in our Tourism, Light Engineering and various infrastructure facilities could also be explored. He said that Bangladesh provided a low-cost production base and competitive labor market for Thai Businessmen and therefore Bangladesh could be their investment destination.

Md. Munir Hossain, Sr. Vice President of BTCCI and Director of BGMEA and FBCCI stressed upon more cooperation between our two business communities and to do more studies for joint venture especially in Woven Textile Factory, Electronic goods, Foods etc. He stated that Thailand needs to import more products from other countries and Bangladesh can be one of its important sourcing countries.

Some of the BTCCI Board of Directors also attended the courtesy call on including Suebsak Dangboonrueng, Minister Counsellor (Commercial) & BTCCI Honorary Director, Md. Munir Hossain, Director Administration, Shamima Rahman, Pramatha Barua, Mafiz A Bhuiyan, Hossain A Shikder, Kiatkati Chaopanknam, Junaed Ibne Ali, Directors and Md. Nazmul Hossen, Secretary of BTCCI.

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