New Zealand to enhance trade links with Bangladesh

New Zealand is ready to look at prospects and challenges in all sectors for enhancing the bilateral trade with Bangladesh.

The information was disclosed on Monday at a bilateral meeting between Commerce Minister Tipu Munshi and New Zealand Trade and Export Growth Minister David Parker at the Parliament House of Wellington in New Zealand, said a press release here today. 

During the meeting, they have agreed to work closely to smooth trade and economic interactions between the two countries. 

At the meeting, the two ministers acknowledged the lack of diversification of products and noted the imperative for a trade framework that is critical for intensifying trade interactions.

Tipu Munshi invited New Zealand to invest in Bangladesh as the country is giving motives to foreign investors.

The two ministers have also agreed that forming a government-led framework would provide a unique platform to examine prospects and challenges at sectoral level and opportunities to bring newer items in the trade basket that would advantage both economies and people.

The commerce minister also met the CEO of the Auckland Business Chamber Michael Barnett in Auckland and discussed how to build links between the SMEs of the two countries to facilitate business among themselves. 

They further spoke about the direct linkage between suitable chambers and associations of the two countries to speed up business interactions and investment.

The Commerce Minister invited the CEO to visit Bangladesh with a business body to explore the opportunities.

Source: BSS