General

BD-Myanmar Commerce Sectary-level meeting begins tomorrow

A two-day commerce secretary level meeting between Bangladesh and Myanmar is going to start tomorrow morning here aiming to boost bilateral ties.

Senior Commerce Secretary Hedayetullah Al Mamoon will lead the Bangladesh side while his counterpart will lead the seven-member Myanmar team, said officials.

Talking to BSS, Hedayetullah Al Mamoon said, "We would discuss different issues to promote trade towards boosting bilateral relations with the neighboring country."

He hoped the meeting would bring fruitful results for both the countries.

Officials said, in the two-day meeting, the two countries would talk about expand cooperation in the field of oil, gas and mineral resources.

Besides, banking transactions would also be tabled as Myanmar's commercial banks have already opened the Asian Clearing Union (ACU) accounts with correspondent banks from the Bangladesh side, according to a report of the seventh Joint Trade Commission (JTC) meeting held in Myanmar in 2014.

Bangladesh would also discuss import of hydroelectric power and pulses, food grains, timber and other items from Myanmar. Different issues in line with the 7th JTC meeting would also be prioritized in the meeting, the officials added.

The two sides would also review issues on trade, banking, tariff and progress in coastal shipping agreement. The coastal shipping line between Bangladesh and Myanmar was supposed to be launched much earlier, but this was not possible due to procedures.

A coastal shipping line will help Bangladesh send readymade garment items to Myanmar, said officials.

They said now Myanmar's customers buy Bangladeshi garment items from Thailand.

Myanmar is rich in wood. Once the coastal shipping line is in place, Bangladesh can import it from the country to meet the demand for the local furniture sector.

A joint statement would be issued in the final day about the outcome of the meeting.

Source: Bangladesh Sangbad Sangstha (BSS)