Foreign Minister urges Thai businessmen to invest in Bangladesh

Foreign Minister Dr Hasan Mahmud has urged the Thai private sector to make investment in Bangladesh by taking full advantage of Dhaka's various incentives for foreign business and partnership.

The foreign minister was speaking at a business meeting, organised by Bangladesh Embassy in Bangkok on Friday on the sidelines of the official visit of Minister Sheikh Hasina to Thailand.

He emphasized the importance of early commencement of the Free Trade Agreement (FTA) between Bangladesh and Thailand for enhancing bilateral trade and balancing trade deficit.

Earlier on the day, Bangladesh and Thailand signed a Letter of Intent (LoI) to commence Free Trade Agreement (FTA) between the two countries.

During the business meeting, Hasan underlined the potential for trade and investment between Bangladesh and Thailand and said it will ultimately contribute to the overall development and prosperity of both the countries.

The foreign minister highlighted Thailand's significance as a key trade partner for Bangladesh within the ASEAN region.

He also described Bangladesh's remarkable progress in all indicators of socio-economic development over the last 15 years and Bangladesh's successful graduation from Least Developed Country (LDC) status, attributing it to the visionary leadership of Prime Minister Sheikh Hasina.

Hasan also stressed upon the importance of fostering increased people-to-people contact as a means to strengthen the bonds between Bangladesh and Thailand.

By prioritizing such exchanges, both countries can deepen their understanding, collaboration, and partnership and benefit their people, he observed.

Finance Minister Abul Hassan Mahmood, Prime Minister's Private Industry and Investment Advisor Salman Fazlur Rahman, Home Affairs Minister Asaduzzaman Khan, State Minister of Commerce Ahasanul Islam Titu, and Foreign Secretary
Masud bin Momen attended the event.