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Bangladesh Promotes Business Coope
- Subject: Bangladesh Promotes Business Coope
- From: suriya@xxxxxxxxxxxx
- Date: Sat, 14 Nov 1998 00:27:00
Subject: Bangladesh Promotes Business Cooperation with Myanmar
Bangladesh Promotes Business
Cooperation with Myanmar
YANGON (Nov. 13) XINHUA - A Bangladeshi delegation of
currently visiting Myanmar to seek ways to promote business
their Myanmar counterparts.
The Bangladeshi businessmen, who are accompanying Bangladesh
minister Abdus Samad Azad on the latter's three-day visit to
Yangon, met their
Myanmar counterparts Thursday for discussions on bilateral
U Aik Tun, vice-chairman of the Asia Wealth Bank Ltd of
Azad's visit would enhance bilateral economic cooperation
between the two
countries which have direct trade dealings, and help
difficulties both are facing.
U Aik Tun, who is also chairman of the Myanmar-Bangladesh
hoped that entrepreneurs of the five nations of BIMST-EC
could conduct trade
on a wider scale.
Both Myanmar and Bangladesh are member countries of
BIMST-EC, a new
sub-regional economic grouping formed in June 1997 by
Myanmar, Sri Lanka and Thailand bordering the Bay of Bengal.
At the invitation of Myanmar Foreign Minister U Ohn Gyaw,
Azad arrived here
Wednesday for a visit aimed at strengthening bilateral ties
cooperation between the two countries.
In July this year, a Myanmar business and investment
delegation led by U Aik
Tun visited Bangladesh. They reached a memorandum of
understanding with the
Dhaka Chamber of Commerce and Industry (CCI) to promote and
trade, investment and other economic activities between the
Two other Bangladeshi organizations -- the Federation of
Bangladesh CCI and
the Bengal CCI -- had signed with their Myanmar counterparts
similar MOUs in
May 1989 and June 1996 respectively.
Bilateral trade stands at about 8 million U.S. dollars a
year, according to
Commerce and Industries Minister of Bangladesh Tofail Ahmed.
The two countries formally opened border trade in September
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