Govt trying to reduce trade gap between Bangladesh, Malaysia: Commerce Secy

DHAKA, Sept 10, 2023 (BSS) – Senior Secretary of the Commerce Ministry Tapan

Kanti Ghosh today said the government is taking steps to reduce trade gap

between Bangladesh and Malaysia by encouraging more exports there.

“As regards to bilateral trade it is evident that Bangladesh has been

suffering a chronic trade deficit with Malaysia which is growing every year.

We exported goods to Malaysia worth US$ 337.81 million in 2021-2022 financial

year while their exports to Bangladesh worth about $3471.5 million in the

same year,” he said.

Tapan Kanti Ghosh recently said this while speaking as the special guest at a

event of the sixth Showcase Malaysia 2023 at a hotel in the city, said a

press release here today.

Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) organised the

showcase.

The programme was supported by the Malaysia External Trade Development

Corporation (MATRADE), Malay Chambers of Commerce Malaysia (MCCM), Dewan

Perniagaan Melayu Malaysia (DPMM), the Malaysia South-South Association

(MASSA), Bangladesh Investment Development Authority (BIDA), Bangladesh

Economic Zone Authority (BEZA), the Bangladesh High Commission in Malaysia

and the High Commission of Malaysia in Bangladesh.

The two-day event emphasized on a number of Seminars on contemporary issues,

the BMCCI Business Excellence Awards, the modest fashion show, and the Grand

Gala Night including showcasing Malaysian products and services.

President of the Federation of Bangladesh Chambers of Commerce and Industries

(FBCCI) Mahbubul Alam was also present as the special guest while High

Commissioner of Malaysia in Dhaka attended the function as the guest of

honour.

Tapan Kanti Ghosh said Bangladesh Government as well as the Ministry of

Commerce taking steps to reduce this gap by encouraging more Bangladesh

exports to Malaysia.

“Private sectors have to play a major market promotion drive. The government

can undertake a proactive trade facilitation role for market promotion by the

private sectors and in market access through trade concessions and removing

non-tariff barriers,” he added.

In the beginning, Showcase Organising Committee Chairman Syed A Habib

welcomed all and expressed his gratitude to all the sponsors, co-sponsors and

the participants for their active presence to elevate the success of the

Showcase Malaysia.

Mahbubur Rahman expressed his joy and focus on his long standing relationship

with BMCCI from its inception. He wishes a grand success of the Showcase from

the bottom of his heart.

BMCCI President Syed Almas Kabir expressed his whole-hearted joy and said:

“Malaysia is not only the future market for our products but also our

strategic partner for many reasons. I firmly believe that sixth Showcase

Malaysia 2023 will provide a great avenue to attract a large number of

businessmen, professionals, and visitors who are expected to achieve its

purpose of projecting Malaysia as the preferred destination for higher

education, healthcare, ICT, tourism, automobiles, construction, building

materials, banking and financial services etc.”

Haznah Md Hashim focused on the bilateral relation between Bangladesh and

Malaysia.