The newly appointed Thai Ambassador to Bangladesh, Makawadee Sumitmore, called for Free Trade Agreement (FTA)between
Bangladesh and Thailand to create more business opportunities between the two countries during a courtesy call of the
Board of Directors of the Bangladesh Thai Chamber of Commerce and Industry (BTCCI).
The Bilateral chamber also placed some proposals for enhancing the bilateral trade and investment relationship between
Bangladesh and Thailand on Sunday at the Royal Thai Embassy, Dhaka.
BTCCI placed some important issues before the new Thai Envoy, such as, to make easier business policy between the
business community; to work jointly for Thai Special Economic Zone in Bangladesh; to include more duty-free Bangladeshi
products; relocating labour-intensive industry in Bangladesh like Woven Textile Industry and some other potential
industries like - power and energy; light engineering; electric, food, handicrafts, and other effective bilateral
The New Thai Envoy assured the business leaders to work on all the proposals of BTCCI and also to try to augment
business between the two countries.
The Thai Ambassador thanked the board of directors for coming forward for the discussion and emphasised the ways and
means to promote bilateral trade and investment. She talked about making a free trade agreement, the development of
ports on Thailand's Andaman coast to shorten the sea transport route to Bangladesh, and the possibility of co-organising
events to celebrate the 50th anniversary of diplomatic relations next year.
She also said," As Bangladesh and Thailand are tested friends with ethnic historical and cultural ties, there are huge
opportunities to do good business between these two ASEAN Countries."
Mohammad Shahjahan Khan, president of BTCCI, said, "We have lots of scope for cooperation to work jointly in some
important sectors like Pharmaceuticals, Jute and Jute goods, Leather, tourism and hospitality, infrastructure,
Agro-processing, RMG, etc. As we have a huge trade gap between our countries, we should make joint efforts to minimize
the trade gap."
BTCCI President also emphasised the increasing export from Bangladesh to Thailand and requested Thai officials to
initiate adding new products to imports from Bangladesh.
"Bangladesh has huge potential for investment in different sectors. The three Thai big companies – Ital-Thai, CP
Bangladesh, and Siam City Cement are good examples of the lucrative investment environment."
He also requested the ambassador to work on easy sea connectivity from Thailand to Bangladesh. Due to the pandemic
situation, both countries are struggling to recover their economy. Bangladesh government announced a stimulus package
totaling Tk1.31 trillion in different business sectors to recover the businesses in the country, and Thailand is taking
some initiatives to face this business disorder.
New Thai Envoy Makawadee Sumitmoresaid,"The investment of some big Thai companies in Bangladesh is the proof of
Thailand's interest in considering Bangladesh as an investment destination."
She is very much interested to work jointly with BTCCI in its activities. The Ambassador expressed, "Apart from trading
only, now countries should try to establish strategic partnerships. I realised the problems of connectivity and would
try to work on this."
FBCCI Vice President and BTCCI Former President, M A Momen, who was present in the meeting and stressed upon more
cooperation between the two business communities and to do more studies for joint ventures.
He said, "Thailand needs to import more products from other countries and Bangladesh can be one of its important
sourcing countries. Bangladesh provides a low-cost production base and competitive labour market for Thai Businessmen
and therefore Bangladesh can become their investment destination."
Engineer RashedMaksud Khan, founder president of BTCCI and former president of DCCI, attended the meeting and he
emphasised strengthening the already established good relationship between Bangladesh and Thailand.
Some of the BTCCI board of directors also attended the courtesy call including Khemathat Archwathamrong, minister
counsellor (commercial) and BTCCI Honorary Director; Directors, Shamima Rahman, M Salem Sulaiman, Hossain A Shikder,
Kiatkati Chaopanknam, MdJ unaedIbne Ali, Md Ahsanuzzaman, Zubair Hassan Chowdhury, Brahmanda Pratap Barua; and Md Nazmul
Hossen, secretary of BTCCI. (UNB)