Munshi seeks Mexican investment

Commerce Minister Tipu Munshi has urged Mexican entrepreneurs and business community to invest in Bangladesh's economic zones.

He made the call during a bilateral meeting with Mexican Secretary of Economy Raquel Buenrostro in Mexico on Tuesday, according to a commerce ministry press release.

This was the first such top-level meeting between the two countries in nearly five decades, it said.

Munshi, who is currently leading a 12-member high-level business delegation in a visit to the North American country, also proposed the formation of a bilateral trade group to enhance cooperation.

In the meeting, Munshi and Buenrostro pledged to take economic relations to new heights.

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, said Munshi.

"Many countries have already invested in the economic zones," he added.

Buenrostro stressed concluding agreements on double taxation and customs.

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