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24 April, 2019 12:54:27 AM / LAST MODIFIED: 24 April, 2019 11:31:45 AM
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Focus on reciprocal investments

Bangladesh, Brunei jt statement
DIPLOMATIC CORRESPONDENT, Dhaka
Focus on reciprocal investments
Bangladesh Prime Minister Sheikh Hasina visits the Royal Regalia Museum in Brunei capital Bandar Seri Begawan yesterday, hours before her departure for Dhaka at the end of her three-day tour of the country. Focus Bangla Photo

Bangladesh and Brunei are keen to promote reciprocal investments in different sectors like energy, ICT, blue economy, food processing, ship-building, manufacturing, tourism, infrastructure, and jute. Brunei has expressed interest in exploring participation in the global halal food market by taking advantage of the special economic zones of Bangladesh.

The observation came in a joint statement between Brunei Darussalam and the People's Republic of Bangladesh on the occasion of the official visit of Prime Minister Sheikh Hasina to Brunei on April 21–23 at the invitation of Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah.

The leaders exchanged views on the relationship between Bangladesh and Brunei. They encouraged both sides to explore ways to strengthen their cooperation to elevate the bilateral relationship to new heights.

The leaders expressed satisfaction on the friendly and longstanding relationship between thr two countries and reaffirmed their commitments to capitalising on the potential emanating from the existing complementarities of two economies for mutual benefits. Both sides will explore potential bilateral trade in agricultural and food products and collaborate in farming and agro-processing  in terms of their respective

development priorities, according to the joint statement.

Brunei acknowledged the success of Bangladesh in the food and agricultural sector. It welcomed collaboration with Bangladesh in agriculture, aquaculture, fisheries, and livestock sectors.

The leaders acknowledged the potential in enhancing bilateral trade and encouraged active exchange between local businessmen to enhance and explore collaboration and partnership to synergise their respective strengths for maximising export opportunities. Theywill actively consider the possibility of a preferential trade arrangement under appropriate mechanisms and conduct a joint feasibility study to this effect.

Given the growing demand of energy in Bangladesh to support the rapid economic growth, both sides agreed to explore the possibility of comprehensive collaboration in the energy sector via a government-to-government (G2G) arrangement, including liquefied natural gas (LNG) supply to Bangladesh, as well as through the participation of both public and private sectors by covering areas such as investments and trade in petro-chemicals, offshore oil and gas exploration, technical collaboration, and capacity-building.

Both sides will, subject to mutual agreement and capacity requirement, further strengthen cooperation in the healthcare sector with the training and recruitment of healthcare professionals, manufacturing of pharmaceuticals, and collaboration in specialised healthcare services.

Besides, the two sides will encourage deeper cooperation in defence, particularly in capacity-building, knowledge-sharing, peace-building and humanitarian operations.

The leaders acknowledged the valuable contributions of expatriate workers in the economic development of both sending and receiving states. They encouraged their officials to explore the possibility of negotiating a Mou on labour cooperation with the consultation mechanism.

The leaders welcomed the convening of the First Foreign Office Consultation in Dhaka on September 9, 2018 and looked forward to the Second Foreign Office Consultation in Bandar Seri Begawan in 2020. They acknowledged Bangladesh’s continued interest in strengthening its relations with ASEAN and agreed that there is much potential in developing cooperation that can be mutually beneficial.

The leaders witnessed the signing of six MoUs in areas of scientific and technical cooperation in agriculture, fisheries, livestock, supply of liquefied natural gas (LNG), youth and sports, and culture and arts. They also welcomed the exchange of notes on the visa waiver arrangement for diplomatic and official passports for both countries.  The two leaders expressed optimism that these bilateral instruments will take the relationship between the two countries to new heights in the near future.

SR

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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