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Friday, 24 January 2020 11:58

Ambassador of the People’s Republic of Bangladesh to Indonesia, Major General Azmal Kabir Calls for Indonesia to Invest More in Bangladesh

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Bangladesh Major General Azmal Kabir speaking at the Meet Bangladesh event in Jakarta (23/01/2020). Bangladesh Major General Azmal Kabir speaking at the Meet Bangladesh event in Jakarta (23/01/2020). VOI

Speaking at a ‘Meet Bangladesh’ event at the Borobudur Hotel on Thursday, 23 January 2020, Ambassador Azmal Kabir gave a short presentation on the history of Bangladesh and discussed some of the potential investment opportunities that Bangladesh presented for Indonesia. He said Bangladesh has come a long way since gaining independence in 1971 and has grown exponentially in areas such as education industry, financial services industry and telecommunications industry. He called on his Indonesian counterparts to consider Bangladesh as a potential investment partner.

“Now I mention potential sectors of Bangladesh for investment. Those are agribusiness sector, garments and textile sector, ICT sector, leather and leather goods sector, electric sector, plastic sector, live engineering sectors, the building sector, tourism industry, frozen food, renewable energy, economic sector, power sector, medical equipment sector and healthcare sector.”

In 2015, President Joko Widodo and Bangladeshi Prime Minister Sheikh Hasina had agreed to boost trade ties between the two countries. And as reported by the Jakarta Post in 2018, during President Joko Widodo’s visit to Bangladesh, the two countries signed five agreements. They were on a foreign office consultation, a joint communique on the cooperation to combat illegal, unreported and unregulated (IUU) fishing, a joint ministerial statement on the launch of the negotiations for an Indonesia-Bangladesh Preferential Trade Agreement (IB-PTA), an integrated power project between Bangladesh Power Development Board (BPDB) and state-owned energy firm PT Pertamina and a letter of intent on LNG supply to Petrobangla from Pertamina.

Ambassador Azmal Kabir said the future potentials of Bangladesh is increasing global attention on the country. He urged Indonesians to visit Bangladesh and explore their spending duties on the possibilities and opportunities that Bangladesh can offer. Trade between the two countries amounted to US$1.53 billion as of 2017. (VOI/SAYEE SHREE L.R./AHM)

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