Thai BoI team sees agri, light industry sectors as key driver of trade, investment
Friday, 24 July 2009
FE Report
The Board of Investment (BoI) of Thailand has identified agricultural and light industry sectors such as frozen foods, leather and textile as a key driver of trade and investment between the two countries.
The identification was made during a meeting between visiting seven member delegation of Thai BoI and board of directors of Bangladesh-Thai Chamber of Commerce and Industry (BTCCI) in the city Tuesday, said a press release.
Director of Investment Development Assistance Bureau of BoI Thailand Watcharee Tintani led the Thai delegation, while BTCCI President MA Momen led the Bangladesh side.
Matters and issues relating to development and promotion of trade, business and investment between Thailand and Bangladesh were discussed at the meeting.
BoI is the investment agency of the Government of Thailand that has been assigned with the responsibility of promoting the cause of bilateral trade and investment between Thailand and South Asia.
The BoI has engaged APCO Worldwide to coordinate its South Asia initiatives.
The objectives of the Thai delegation's visit were to build coalition with Bangladesh business and industries; sensitise them about the opportunities and incentives of investing in Thailand as well as explore investment opportunities by Thai businesses in Bangladesh.
Head of the delegation Watcharee expressed her satisfaction over the visit and highlighted her interest in helping promote and further strengthen economic relations of the two friendly countries.
Watcharee said that they were searching privilege in investment sector as well as exploring areas to invest in various sector such as frozen foods, leather, textile, pharmaceutical, telecom, education, ship building, food processing and health.
Taking part in the discussion, BTCCI president said Thailand was Bangladesh's trusted friend and the economy of both Thailand and Bangladesh were complimentary.
But the status of export of Bangladesh to Thailand was very low while out of the volume of around US$600 million business Thailand occupied 90 per cent. Regrettably the export of Bangladesh was only $24 million, he pointed out.
He said though Thailand granted Bangladesh duty-free access of around 240 items Bangladesh's export could not cover 20 items, which in fact laid more importance to the role of BTCCI to work harder and more comprehensively in the future.
Representative from different types of group of companies such as Sikder Group, Hamim Group, Akij Group, Apollo Group and City Group took part in the discussion from Bangladesh side, the release added.
The Board of Investment (BoI) of Thailand has identified agricultural and light industry sectors such as frozen foods, leather and textile as a key driver of trade and investment between the two countries.
The identification was made during a meeting between visiting seven member delegation of Thai BoI and board of directors of Bangladesh-Thai Chamber of Commerce and Industry (BTCCI) in the city Tuesday, said a press release.
Director of Investment Development Assistance Bureau of BoI Thailand Watcharee Tintani led the Thai delegation, while BTCCI President MA Momen led the Bangladesh side.
Matters and issues relating to development and promotion of trade, business and investment between Thailand and Bangladesh were discussed at the meeting.
BoI is the investment agency of the Government of Thailand that has been assigned with the responsibility of promoting the cause of bilateral trade and investment between Thailand and South Asia.
The BoI has engaged APCO Worldwide to coordinate its South Asia initiatives.
The objectives of the Thai delegation's visit were to build coalition with Bangladesh business and industries; sensitise them about the opportunities and incentives of investing in Thailand as well as explore investment opportunities by Thai businesses in Bangladesh.
Head of the delegation Watcharee expressed her satisfaction over the visit and highlighted her interest in helping promote and further strengthen economic relations of the two friendly countries.
Watcharee said that they were searching privilege in investment sector as well as exploring areas to invest in various sector such as frozen foods, leather, textile, pharmaceutical, telecom, education, ship building, food processing and health.
Taking part in the discussion, BTCCI president said Thailand was Bangladesh's trusted friend and the economy of both Thailand and Bangladesh were complimentary.
But the status of export of Bangladesh to Thailand was very low while out of the volume of around US$600 million business Thailand occupied 90 per cent. Regrettably the export of Bangladesh was only $24 million, he pointed out.
He said though Thailand granted Bangladesh duty-free access of around 240 items Bangladesh's export could not cover 20 items, which in fact laid more importance to the role of BTCCI to work harder and more comprehensively in the future.
Representative from different types of group of companies such as Sikder Group, Hamim Group, Akij Group, Apollo Group and City Group took part in the discussion from Bangladesh side, the release added.