Bangladesh eager to extend the MoU with Burma
between the two countries have not been able to form, business sources said.
According to the MoU, the Account
Trade consists of 24 commodities from
and 44 from
the Burmese Investment and
Commercial Bank and Sonali Bank from
Despite the expiry of the four-year period, the provisions of the MoU have not
been implemented yet. Hence, Bangladeshi business has urged their government
to reassess the Account Trade between the two countries.
Sine the two countries could not reach the Costal Shipping Line agreement, the
Account Trade has not been able to be implemented. The Shipping Ministry has
not been able to secure the agreement.
As the MoU has expired, there will be no Trade Fair this year, and the Joint
Trade Commission will not be formed. Bangladeshi Businesses are eager to see
the renewal of MoU.
A Duty Free Display Centre is reported to be opened in Taknef, the Bangladeshi
people to buy duty free and
However, due to the instability of the Burmese currency, ambiguity of the
government control exchange policy, government regulation, and the widespread
corruption, the renewal of the MoU and the Account Trade is facing an uphill
battle, some observersí remark. #
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