Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 399 Mon. July 11, 2005  
   
Business


Thais want to invest in agro-processing plants
Thai envoy meets agriculture minister


Thai investors are interested to invest in Bangladesh's agro-processing sector as an accord on co-operation in the field is lying with Thai government for vetting.

Thai Ambassador in Dhaka Suphat Chitranuroh apprised Agriculture Minister MK Anwar of Thai investors' investment plan when he called on the minister in Dhaka yesterday.

Underlining the importance of signing a bilateral framework agreement for agricultural co-operation followed by a plan of actions, the minister mentioned that a draft memorandum of understanding (MoU) between Bangladesh and Thailand on co-operation in agriculture has now been awaiting Thai government's vetting.

"Once it is signed, co-operation in specific areas will be strengthened," he told the envoy.

The minister also sought Thai government's support in agriculture, post-harvest and agro-processing technology as Bangladesh is lagging in these areas.

The ambassador assured the minister all sorts of co-operation in agriculture sector development in Bangladesh.

He mentioned that the Thai government has offered duty-free access of 239 Bangladeshi items to Thailand and said Bangladesh can select five agro-items in initial stage for duty-free export to Thailand.

"Thailand has wide experience and expertise in this field," the envoy said.

Besides, as members of BIMSTEC, both the countries also have ample scope for strengthening bilateral trade relations and making investment.

The ambassador also said Thailand is willing to exchange technical co-operation in the production of rice, sugar, vegetables and horticulture.