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Belarus keen to develop economic ties with BD

Published : Friday, 21 April, 2017 at 12:00 AM Count : 117
Diplomatic Correspondent

Belarus, Eastern European country is keen to develop a 'concessional loan-based economic cooperation' with Bangladesh for mutual benefit.
The Deputy Foreign Minister of Belarus placed the offer to his Bangladesh counterpart State Minister for Foreign Affairs M Shahriar Alam during a meeting mentioning about the delivery of Road-Construction Equipment by the Belarusian Company AMKODOR to the Local Government Division of Bangladesh under US$ 50 million Export Commodity Credit (soft loans) rendered through Prom-agro-leasing (Belarusian Bank for International Development).
Appreciating such concessional loan-based economic cooperation, Alam noted with satisfaction the Joint Venture of Amkodor-Polash Service Centre, which is going to be inaugurated next week by the Belarusian Minister of Industries at Amkodor-Polash Industrial Zone, Narshingdi in Bangladesh, according to the Foreign Ministry.
Alam held bilateral meeting with his Belarusian counterpart Valentin Rybakob, Deputy Minister of Foreign Affairs in Minsk on Wednesday morning.
Bangladesh has sought support from Belarus for the duty free-quota free DFQF) access of Bangladeshi products to the Eurasian Economic Union where Belarus is a key member with Russia, Kyrgyzstan, Kazakhstan and Armenia, Foreign Ministry said.
During the meeting Shahriar underscored the closer engagements in the context of exchange of back-to-back Prime Ministerial visits that he said had set the "key directions" of the bilateral relations.
"Both the Ministers agreed that deeper economic cooperation should get main focus, as there is ample scope for further expansion of bilateral trade and investments," Foreign Ministry said.
Bangladesh has also invited Belarusian investment in Bangladesh, where they could use Bangladesh as a regional hub among China, India and South East Asian Countries.
He invited Belarusian investment in Bangladesh and suggested using the country as a regional hub between China, India and South East Asian Countries.
Shahriar Alam concluded his Belarus visit and reached Poland as part of Dhaka's efforts to "deepen economic cooperation" with the Eastern European countries.  
The state minister who also took a business delegation with him emphasised frequent contacts and interactions between chambers of both countries through regular exchange of trade delegations.

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