Saudi assures of help as Dhaka seeks duty benefit for 213 products
Saudi Arabia has assured Bangladesh of extending cooperation when it sought duty-free access for 213 products to the market of the kingdom.
The development came when Salman F Rahman, private industry and investment adviser of the prime minister of Bangladesh, held a meeting with Saudi Commerce and Media Minister Majid bin Abdullah Al Qasabi at the latter's office in Saudi Arabia on Tuesday.
Rahman also sought the Saudi minister's support in setting up a joint venture for a urea fertiliser company.
Mentioning the excellent relationship between the two countries, Qasabi said he would provide all kinds of support towards this end, according to a press release of the Bangladesh embassy in Riyadh.
In a separate meeting, Saudi Basic Industries Corporation (SABIC) CEO Abdulrahman Al-Fageeh also welcomed the concept note on the fertiliser factory presented by Salman F Rahman. He agreed to proceed with the idea.
Al-Fageeh also agreed to go ahead with Bangladesh's idea of establishing a strategic business relationship in manufacturing artificial fabric as Bangladesh's readymade garment sector has the associated capability.
He said Bangladeshi businesspeople could discuss the matter with SABIC.
Qasabi will lead a delegation to the Bangladesh Business Summit, to be held in Dhaka on March 11-13.
They also talked about a joint business council meeting to be held in Bangladesh during the summit.
About two million Bangladeshis work in Saudi Arabia, which is a major source of migrant remittances and fuel oil.
Bangladesh maintains a strong relationship with Saudi Arabia, a major member of the Organisation of Islamic Cooperation.
Bangladesh's Ambassador to Saudi Arabia Jabed Patwary and other officials of the embassy were also present during the meetings.
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