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Cambodian entrepreneurs called upon to do business in Bangladesh

Updated:2017-12-05 10:39:14   theindependentbd.com

Prime Minister Sheikh Hasina and Cambodian Prime Minister Hun Sen along with high officials from both the countries attend an agreement signing ceremony at the Sofitel Phnom Penh Phokeethra Hotel in Cambodia yesterday. photo: bss

Prime Minister Sheikh Hasina yesterday called upon the business community of Cambodia to explore all the avenues to do business in Bangladesh, aiming to be partners in the quest for prosperity of the two nations, reports UNB.

“Let’s be partners in the quest for the prosperity of our two peoples. Together we can bring a change in the lives of millions of our people of two nations,” she said.

The Prime Minister was addressing the Cambodia-Bangladesh Business Dialogue as the guest of Honour at the Sofitel Phnom Penh Phokeethra Hotel. The Cambodia Chamber of Commerce organised the event.

She said the business community of Cambodia could also take advantage of Bangladesh’s location as the hub of regional economic activities since the country increasingly gets integrated with the economic corridors of China, Myanmar and India.

“I’m sure Bangladeshi business people will be equally interested in exploring business opportunities in Cambodia,” she said.

About the Agreement of Cooperation between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Cambodia Chamber of Commerce that will be signed at the end of the dialogue, Sheikh Hasina said she strongly believes that the institutional cooperation thus established between the two chambers will be instrumental in augmenting mutual trade and investment.

Traditionally, she mentioned, Bangladesh enjoys close commercial and other links with most ASEAN member countries.

The Prime Minister said Bangladesh finds itself as a ‘land-bridge’ between South Asia and Southeast Asia, and it gives special emphasis on expansion of trade, investment with Asean neighbours.

“Unfortunately, bilateral trade between Bangladesh and Cambodia, which is less than USD 10 million per annum, doesn’t reflect the true potential. Our trade with other ASEAN countries is growing fast and I wish this to be replicated with Cambodia as well,” she added.

She said Bangladesh has the most liberal investment policy in South Asia as it includes the protection of foreign investment by law, generous tax holiday, concessionary duty on import of machinery, remittances of royalty, 100 per cent foreign equity, unrestricted exit policy, full repatriation of dividend and capital on exit and many more.

Keywords:   Cambodia entrepreneurs Bangladesh
Editor: Eric Wang