Staff correspondent :

Secretary of the Commerce Ministry Tapan Kanti Ghosh today said the government is taking steps to reduce trade gap
between Bangladesh and Malaysia by encouraging more exports there.

“As regards to bilateral trade it is evident that Bangladesh has been
suffering a chronic trade deficit with Malaysia which is growing every year.
We exported goods to Malaysia worth US$ 337.81 million in 2021-2022 financial
year while their exports to Bangladesh worth about $3471.5 million in the
same year,” he said.

Tapan Kanti Ghosh recently said this while speaking as the special guest at a
event of the sixth Showcase Malaysia 2023 at a hotel in the city, said a
press release here today.

Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) organised the
showcase.

The programme was supported by the Malaysia External Trade Development
Corporation (MATRADE), Malay Chambers of Commerce Malaysia (MCCM), Dewan
Perniagaan Melayu Malaysia (DPMM), the Malaysia South-South Association
(MASSA), Bangladesh Investment Development Authority (BIDA), Bangladesh
Economic Zone Authority (BEZA), the Bangladesh High Commission in Malaysia
and the High Commission of Malaysia in Bangladesh.

The two-day event emphasized on a number of Seminars on contemporary issues,
the BMCCI Business Excellence Awards, the modest fashion show, and the Grand
Gala Night including showcasing Malaysian products and services.

President of the Federation of Bangladesh Chambers of Commerce and Industries
(FBCCI) Mahbubul Alam was also present as the special guest while High
Commissioner of Malaysia in Dhaka attended the function as the guest of
honour.

Tapan Kanti Ghosh said Bangladesh Government as well as the Ministry of
Commerce taking steps to reduce this gap by encouraging more Bangladesh
exports to Malaysia.

“Private sectors have to play a major market promotion drive. The government
can undertake a proactive trade facilitation role for market promotion by the
private sectors and in market access through trade concessions and removing
non-tariff barriers,” he added.

In the beginning, Showcase Organising Committee Chairman Syed A Habib
welcomed all and expressed his gratitude to all the sponsors, co-sponsors and
the participants for their active presence to elevate the success of the
Showcase Malaysia.

Mahbubur Rahman expressed his joy and focus on his long standing relationship
with BMCCI from its inception. He wishes a grand success of the Showcase from
the bottom of his heart.

BMCCI President Syed Almas Kabir expressed his whole-hearted joy and said:
“Malaysia is not only the future market for our products but also our
strategic partner for many reasons. I firmly believe that sixth Showcase
Malaysia 2023 will provide a great avenue to attract a large number of
businessmen, professionals, and visitors who are expected to achieve its
purpose of projecting Malaysia as the preferred destination for higher
education, healthcare, ICT, tourism, automobiles, construction, building
materials, banking and financial services etc.”

Haznah Md Hashim focused on the bilateral relation between Bangladesh and
Malaysia.

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