KL to remove tariff barriers for trading with Dhaka
Unb, Dhaka
Malaysia is likely to remove tariff and non-tariff barriers for Bangladesh in phases and issue multiple visa for three years to genuine Bangladeshi businessmen. Malaysian High Commissioner Abdul Malek Bin Abdul Aziz said this yesterday while addressing a preparatory meeting for sending Bangladeshi business delegations to Malayasia and holding a mini-exhibition there. Export Promotion Bureau (EPB) and Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) jointly organised the meeting at EPB conference room. Presided over by EPB Vice Chairman M Shahab Ullah, the meeting was also addressed by BMCCI President Abdul Matlub Ahmed. The Malaysian envoy said Bangladesh can use its huge natural resources and manpower for the country's development. He also indicated that 'Halal meat' has a huge demand in the world market and Bangladesh can grab that market to earn foreign exchange. Referring to the close ties between Bangladesh and Malaysia, he said, "We should increase trade in terms of value and volume." On the plea of business people to simplify visa processing, he said that his country would soon provide three-year multiple visa for Bangladeshi businessmen who are members of prominent trade bodies. Last fiscal year Bangladesh exported products worth US$ 18 million to Malaysia against imports from that country goods worth US$ 376 million. Pointing out the huge trade gap between Bangladesh and Malaysia, the BMCCI president urged the Malaysian high commissioner to provide duty-free access for Bangladeshi products into Malaysian market.
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