Bangladesh Trade Fair in Rangoon
Dhaka, 12 March 03: Keeping aside the existing bottlenecks in
banking, shipping and port facilities with its next-door neighbour
Bangladesh is set to hold second trade fair in Rangoon from March 20, a number
of news agencies in Dhaka reported.
The business community and the government of Bangladesh
are highly hopeful of the success of the trade and cultural fair. During
the four day fair agreements will be signed on bilateral trade promotion,
accounts trade and coastal shipping as agreed
upon during the Burmese junta premierís visit to Dhaka
last December. Another private sectoral joint
business council will also be signed during the big show.
Prime Minister Khaleda Zia
of Bangladesh is
scheduled to lead a 54-member entourage to the Burmese capital. Another
200 people will also go to the fair to run the stalls. A 116-strong group
of artists will also go there to perform cultural shows, said UNB today.
The one hundred stalls will showcase pharmaceutical, ceramic, melamine, light
engineering, electrical and construction products besides toiletries, which are
popular items of smuggling into Burma.
A setback in the trade between the two countries is till now the limitations on
part of the Burmese businessmen to open LCs due to
strict foreign currency regulations imposed by the junta. The trade
between the two neighbours has so far been carried
out via Singapore,
in which export form Bangladesh
amounted to US$ 8 million while the import was to the tune of US$ 170
million. Once the accounts trade agreement is in place, the business
community expected to narrow down the present gap. Though
the official estimate of trade between the two countries stand at about US$ 100
million annually, the non-formal trade is estimated as high as US$ 150 to 200
During her two-day visit the Bangladesh
premier is expected to emphasize expedition of the road links between the two