DHAKA, YANGON TO
OPEN COASTAL SHIPPING LINE
(AGREEMENT LIKELY NEXT MONTH)
will open a regular coastal shipping service to boost bilateral trade.
An agreement to this effect is likely to be concluded next month during the
visit of Commerce Minister Amir Khasru
Mahmud Chowdhury to Myanmar,sources said.
Opening of a coastal shipping line will increase trade volume and business
avenues between the two neighbors.
The coastal shipping line will provide sea links between Bangladesh
ports of Chittagong,
Cox'sbazar, Teknaf and Myanmar
ports of Yangon, Sittwe(Akyab) and MaungDaw.
business can make a quantum leap if the coastal shipping line is started ," said Rashed Maksud Khan, president of Bangladesh-Myanmar Business
He said there is scope for bulk export of toiletries, medicine,
pharmaceuticals, cables and bottled products like Pran
and other juices to the ever growing Myanmar
A border agreement currently in place between Bangladesh
enables trade between the two countries.
banks are functioning in Myanmar.
businessmen feel that more favorable trading links can be established to the
mutual benefit of the countries by opening up shipping links for bulk movement
The two countries had traditional coastal shipping links for long, which were
snapped few decades ago. Bangladesh
will be holding a single country trade exhibition in Yangon
from 20 January 20 to 27 after a gap of five years.
Mya Tun, Counsellor at the Myanmar
embassy in Dhaka, said the fair will expose Bangladeshi
products to the local market. His country may also organize a similar
exhibition in Bangladesh
in near future, Mya tun said.
Some 20 stalls are expected to be set up by Bangladeshi entrepreneurs at the Myanmar
trade fair, mainly to display non-traditional items, the sources. Business ties
and its eastern neighbor are developing fast after both the countries became
members of BIMSTEC, a regional forum.
to become a member of BIMSTEC about a year after it was formed in 1997.#
Source: Today the daily star newspaper from Bangladesh
WISH ALL OUR READERS MERRY
CHRISTMAS AND HAPPY NEW YEAR!