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17 September, 2017 00:00 00 AM
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Amu for exploiting economic potential of BIMSTEC countries

BSS

Industries Minister Amir Hossain Amu yesterday stressed the need for boosting mutual cooperation, trade-commerce and investments among the BIMSTEC members to exploit the huge economic potential for sustainable development of the region, reports BSS.

“BIMSTEC countries need to increase their bilateral and multilateral trade for sustainable economic development of the region,” said Amu while speaking as the chief guest at the opening session of ‘BIMSTEC EXPO-2017’ in Kolkata, India, according to a report received here today.

Indian Chamber of Commerce (ICC) organised the three-day event with its president Shashwat Goenka in the chair.

Consumer Affairs minister of India’s West Bengal Sadhan Pandey, joint secretary of the external affairs ministry of India Prasanta Agarwal, Myanmar representative to BIMSTEC Lahpai Zau Goone, secretary of Jharkhand industry department Sunil Kumar Barnwal and ICC’s senior vice-president Rundra Chatterjey, among others, spoke on the occasion.

Amir Hossain Amu said 21 per cent of the global populations live in the member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) and though the size of the total GDP is US$750 billion, its combined trade is only 7 percent of the total global trade.

He said move is underway to form a ‘free trade zone’ for boosting internal trade among the BIMSTEC members and to this end, signing of a Memorandum of Understanding (MoU) among the members is urgent. Side by side, it is needed to sign investment development and protection deal, he added.

Amu also emphasized on expanding connectivity among the BIMSTEC member countries.

Laying emphasis on expanding cooperation in the area of science and technology, he said there is vast opportunity to strengthen cooperation in the area of climate change, culture and tourism and blue economy. He hoped that the BIMSTEC forum will play important in framing a work plan and strategy in this regard.

Highlighting the different achievements of Bangladesh in different sectors, the industries minister said Bangladesh is now on the development highway and making progress fast under the dynamic leadership of Prime Minister Sheikh Hasina.

Bangladesh is the world’s second largest RMG exporter and it is now in third position in vegetable production, he said, adding that Bangladesh exports drugs to 127 countries including America.

 

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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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