FBCCI urged Brunei to consider BD as next investment destination
FBCCI President Md. Jashim Uddin urged the visiting delegation from Brunei to consider Bangladesh as their next trade and investment destination. He came up with this call during a breakfast meeting held on October 16, 2022 at a city hotel.
“We have on-going development projects to facilitate investment. Which are deep seaports, 100 Special Economic Zones, Hi-Tech parks, tourism parks, Nuclear Power plant, Metro Rail, LNG terminal and construction of road and rail on bringing the whole country under a common network. So, our story is now very different from what it was before and Brunei can choose Bangladesh as their next destination for trade and investment” the president remarked.
The Chief Guest Commerce Minister Tipu Munshi, MP urged the Brunei Finance Minister to remove the discriminatory rule for Bangladeshi immigrant workers who have to deposit $1600 while the amount is only $500 for Malaysian workers.
Highlighting some of the major benefits provided in Bangladesh foreign investment policies, the minister informed, besides the gigantic domestic market, investing in Bangladesh will offer additional access to the Indian and Chinese market as these two markets allow most of the made in Bangladesh products duty free.
State minister of Foreign Affairs Mr. Md. Shahriar Alam, MP offered a dedicated economic zone for ASEAN countries if Brunei provides capital and marketing assistance.
Minister at the Prime Minister’s Office and Minister of Finance & Economy Dr. Amin Abdullah informed, Brunei port is nearer to China, therefore using the port as a transshipment hub would save time and money of Bangladeshi businesses.
Minister of Home Affairs Ahmaddin bin Haji Abdul Rahman praised the contribution of the skilled Bangladeshi manpower in keeping Brunei economy afloat.
Among others, FBCCI Vice Presidents Md. Amin Helaly, Salahuddin Alamgir, Md. Habib Ullah Dawn were also present.
After the meeting, a MoU was signed between ZES Trading & Ghanim International Corporation to introduce Halal food from Brunei in Bangladeshi market.