Business

Bangladeshi products to be promoted in Thailand: Envoy


Published : 24 Nov 2021 10:41 PM

Makawadee Sumitmor, Ambassador of Thailand to  Bangladesh, on Tuesday expressed interest to increase the sales of Bangladeshi  products in the Thai market. 

She expressed this interest while meeting with Federation of Bangladesh  Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin at FBCCI  in the city, said a press release.

The Ambassador said that positive progress has been made on the Free Trade  Agreement (FTA) between Thailand and Bangladesh.

However, Jashim Uddin said that after becoming a developing country from a  least developed country, Bangladesh will lose some market advantage in the  world market. So, FTA or PTA will be essential for economic development after  2026, he added. 

However, he said, before concluding a free trade agreement, trade balance  must be established between the two countries.

The Thai ambassador said that if the products are branded, there is a  possibility of creating huge demand for Bangladeshi products in the country. In particular, there is a huge opportunity to export readymade garments,  leather goods and fish from Bangladesh, she added.