BANGLADESH AND VIETNAM AIM TO RAISE TRADE TO $2 BILLION BY 2020
Bangladesh and Vietnam aim
to raise their two-way annual trade to $2 billion over the next three years
from nearly $1 billion, a business association official said on Monday.
“We had a meeting
with the visiting president of Vietnam today and focused on trade and
investment,” Mohammad Shafiul Islam, president of Federation of Bangladesh
Chambers of Commerce and Industries, told Reuters.
Vietnamese President
Tran Dai Quang arrived in Bangladesh for a state visit on Sunday.
At present, the
volume of annual trade between two countries is worth $900 million. Islam said
the aim was to more than double that in coming years.
Bangladesh mainly
imports agriculture products, such as rice and livestock products from Vietnam
while it imports textiles and cloths, leather and leather products, plastic
products and medicine from Bangladesh.
Earlier, the
Vietnamese leader met Bangladeshi Prime Minister Sheikh Hasina and Bangladesh
sought Vietnam’s cooperation in finding a peaceful settlement of the crisis
over nearly 700,000 Muslim Rohingya refugees arriving from neighbouring
Myanmar.
Hasina told
reporters after the meeting that the Vietnamese leader has assured Bangladesh
that his country would support Bangladesh.
Both Vietnam and
Myanmar are members of the Association of South East Asian Nations.
Bangladesh and
Vietnam also singed three memorandum of understanding to promote cooperation in
fisheries and livestock, industry and cultural exchanges
SOURCE: REUTERS
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