Dhaka, Hanoi agree on taking trade volume to $1.0 billion

Dhaka,  Wed,  20 September 2017
Published : 07 Aug 2017, 22:08:52
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Dhaka, Hanoi agree on taking trade volume to $1.0 billion

FE Desk


Bangladesh and Vietnam have agreed to work closely for achieving the target of enhancing bilateral trade volume to USD 1.0 billion.

The agreement was reached during the first ever Foreign Office Consultations (FOC) held between the two countries at the state guest house Meghna in Dhaka on Sunday.

A foreign office statement on Monday said major areas of bilateral cooperation with especial focus on increasing bilateral trade were discussed in the meeting.

While noting the fact that the two-way trade between Bangladesh and Vietnam has increased substantially in recent years, both sides agreed that the trade volume was far less than the existing potentials.

Bangladesh underscored the need to find ways to address the existing trade gap in favour of Vietnam and requested the country to consider relaxing the registration process and accepting the bio-equivalence and traceability tests done in other ASEAN countries, which will make Bangladesh's pharmaceutical products available in Vietnam at a competitive price and help in reducing the trade gap.

Dhaka also sought deeper cooperation in the agriculture, fisheries and livestock sectors, particularly in agricultural research, to develop stress tolerant and high yielding varieties rice and tropical fruits, exchange of germplasms and developing sustainable pearl culture technology.

Furthermore, Vietnam was urged to ease visa process for Bangladeshi businessmen and tourists. Hanoi expressed willingness to boost up bilateral cooperation in education and tourism sectors.

The both sides also stressed the need for regular exchange of visits at political level, including at the highest level, as well as regular contacts and interaction at the functional level, to steer bilateral cooperation.

Vietnam also agreed to facilitate Bangladesh's initiatives to become a Sectoral Dialogue Partner of ASEAN and to join the Mekong-Ganga Cooperation (MGC) initiative.

Foreign Secretary Md. Shahidul Haque led the Bangladesh delegation while Dang Dinh Quy, Vice Minister, Ministry of the Foreign Affairs, led the Vietnam side.

Later, the Vietnamese Vice-Minister called on State Minister for Foreign Affairs Md Shahriar Alam at the latter's office.

He also visited the Banabandhu Memorial Museum at Dhanmondi to pay tribute to the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
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