Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) President Syed Almas Kabir on Tuesday underscored the need for accelerating friendship between Bangladesh and Malaysia through trade. “Bangladesh and Malaysia have become development role models for their forward-thinking governments. Malaysia is a crucial bilateral partner for our development due to its fast economic growth, strategic position, active engagement in our local, regional and close ties to Bangladesh in many areas,” he said this in an article marking the 65th ‘National Day’ of Malaysia.
Malaysia observes her National Day on August 31 each year to commemorate the historic event when the Federation of Malaya gained independence in 1957.
Since its inception, Syed Almas Kabir said Malaysia has been working with the determination to build a happy and prosperous nation. He said, “Malaysia is now a younger, politically conscious, and newer nation. One of the first nations to acknowledge the new country, it recognized Bangladesh as an independent and sovereign State on January 31, 1972. Since then, both have made significant progress in establishing their bilateral relationship.”
Syed Almas Kabir, however, said there are several active and cooperative relationships between the two countries across a wide variety of areas. He mentioned, “Due to its extensive international commerce, Malaysia is regarded as an important regional trading center for the ASEAN nations. Bangladesh has been Malaysia's second-largest commercial partner in South Asia in recent years as a result of growing commerce between the two countries. Bangladesh's Golden Jubilee of independence this year, I believe it has attained exceptional heights: from $10.9M in FY1994–1995 to $337M in FY2021–2022, Bangladesh's exports to Malaysia have grown at an annualized rate of 12.4 percent during the past 25 years.”
