Business bosses from Bangladesh and Thailand pushed hard for a new trade deal during a major meeting on Wednesday. The Federation of Bangladesh Chambers of Commerce and Industry sat down with the Thai-Bangladesh Business Council to hammer out details. Top officials from both countries want to create a Free Trade Agreement that would boost profits and open new markets. The deal could help businesses sell more goods across Southeast Asia and the wider Pacific region. Leaders believe the agreement would give both nations a huge advantage over their competitors.
Thailand already ranks as Bangladesh's second biggest trading partner in South Asia with deals worth 1.13 billion dollars last year. The Thai side shipped 1.04 billion dollars worth of goods while Bangladesh sent back just 84.77 million dollars in return. Business chiefs identified key areas for future cooperation including food processing, tourism, healthcare, energy and light engineering. Both governments plan to start official talks about the trade agreement before 2025 ends. The partnership could transform how companies do business between the two growing economies.
Thai diplomats expressed strong confidence that both countries would work together to strengthen their business ties. Bangladesh offers millions of young skilled workers while Thailand serves as a major commercial hub for the entire region. Companies from both sides want better access to each other's markets and easier rules for investment. The proposed agreement would speed up imports and exports while cutting red tape for businesses.
Thailand already ranks as Bangladesh's second biggest trading partner in South Asia with deals worth 1.13 billion dollars last year. The Thai side shipped 1.04 billion dollars worth of goods while Bangladesh sent back just 84.77 million dollars in return. Business chiefs identified key areas for future cooperation including food processing, tourism, healthcare, energy and light engineering. Both governments plan to start official talks about the trade agreement before 2025 ends. The partnership could transform how companies do business between the two growing economies.
Thai diplomats expressed strong confidence that both countries would work together to strengthen their business ties. Bangladesh offers millions of young skilled workers while Thailand serves as a major commercial hub for the entire region. Companies from both sides want better access to each other's markets and easier rules for investment. The proposed agreement would speed up imports and exports while cutting red tape for businesses.
