Industry

Tofail for easing Hong Kong’s visa processing for BD citizens

DHAKA-Commerce Minister Tofail Ahmed today urged the Hong Kong authorities to simplify its visa processing system for Bangladesh tourists and businesspeople to further boost the bilateral trade.

Tofail Ahmed, who is now on a visit to Hong Kong, made the request during a bilateral meeting with Gregory So Kam-Leung, secretary of commerce and economic development of Hong Kong, said a media release.

During the meeting the commerce minister also urged the businesspeople of Hong Kong and China to invest in Bangladesh saying that their investment will be profitable because Bangladesh has an investment friendly policy and environment.

Tofail Ahmed said Bangladesh is a suitable place for investment because the government is giving the overseas businesspeople all facilities to invest in Bangladesh.

"Many businesspeople from Hong Kong and China have investments in Bangladesh," Tofail said.

He said the government of Prime Minister Sheikh Hasina has taken steps to build 100 Special Economic Zones in different places of the country and foreign investors are given allocation of land for investment in these zones.

Tofail said Bangladesh has a very close trade relations with Hong Kong. During the last fiscal year, Bangladesh exported goods worth US$214.13 million to Hong Kong and it imported goods worth US$805.10 million, he added.

Later, the minister exchanged views with a delegation of investors led by noted businessman and owner of Liand Xung Dr Victory Xung.

He highlighted the overall economic situation of Bangladesh and urged them to invest in Bangladesh.

Source: Bangladesh Sangbad Sangstha (BSS)