Bangladesh, Mexico agree to increase trade ties

Bangladesh and Mexico have agreed to take economic relations between the two countries to new heights.

In a meeting in Mexico on Tuesday, Commerce Minister Tipu Munshi and Mexican Secretary of Economy Raquel Buenrostro expressed their interest.

Tipu Munshi urged Mexican entrepreneurs and business community to invest in Bangladesh's Economic Zones (EZs).

In order to build a Smart Bangladesh by 2041 and make the country one of the fastest-growing economies in the Asia-Pacific region, the government has set a target to establish 100 economic zones. Many countries have already invested in the economic zones, he said.

Tipu Munshi, who is currently visiting the North American country, also proposed the formation of a bilateral trade joint group to enhance cooperation.

He is leading a 12-member high-level business delegation.

Buenrostro stressed concluding agreements on double taxation and customs.

She also urged the businessmen of Bangladesh to explore trade opportunities in Mexico and expressed her country's interest in investing in the pharmaceutical sector of Bangladesh.