Dhaka, Jakarta sign MoUs on energy, agriculture
Bangladesh and Indonesia have signed two separate memorandums of understanding (MoUs) on cooperation in the energy sector and agriculture.
Foreign Minister Dr AK Abdul Momen and his Indonesian counterpart Retno Marsudi signed the MoUs in Jakarta on Monday.
Bangladesh also urged Indonesia to ease the market access for Bangladeshi readymade garment products in Indonesia.
The MoU in the energy sector aims to promote the long-term sale and delivery of conventional energy while also facilitating the development of new and renewable energy sources and power plants in Bangladesh. Meanwhile, the agriculture MoU is intended to foster collaboration in various aspects of agriculture, including production, marketing, technology transfer, and the exchange of best practices, said the Ministry of Foreign Affairs yesterday.
Expressing his satisfaction over the recent increase in bilateral trade volume between the two countries surpassing US $3 billion, Dr Momen noted that the imbalance between Bangladesh's import and export volumes can only be reduced by promoting export of Bangladeshi products to the Indonesian markets, especially those in which Bangladesh holds competitive advantage.
Indonesian Foreign Minister Marsudi emphasised on exploring new avenues of collaboration and partnership to build a stronger, more vibrant relationship between the two nations.
The ministers stressed upon the potential of further enhancing collaboration to ensure energy and food security.
Dr Momen is visiting Jakarta to accompany President Mohammed Shahabuddin as the latter, at the invitation of President Joko Widodo of Indonesia, is participating in the 43rd ASEAN Summit and the 18th East Asia Summit – two grand events attended by top leaders from the Southeast Asia region and beyond.
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