Germany keen to assemble BMW- Mercedes cars in BD
Published : Tuesday, 10 September, 2019 at 12:00 AM Count : 227
Finance Minister AHM Mustafa Kamal said Germany expressed interest to assemble BMW or Mercedes-Benz brand cars in Bangladesh.
The Minister briefed reporters at his office in the capital after wrapping up a meeting with a delegation of German businessmen on Monday.
The delegation members are Peter Clasen, WGC Clasen (jute sector) and Head of OAV Delegation, Jan Moritz, Julius Hüpeden (textile sector), Arne Küper (GER Ministry of Economy) and Almut Roessner (executive board member of OAV), according to German Embassy in Dhaka. He said, "Germany is keen to assemble BMW or Mercedes-Benz brand cars in Bangladesh like in Thailand. This means cars of such brands need not to be imported. These cars can be bought in Bangladesh at low cost."
The Minister said, "They would like to assemble the BMW or Mercedes-Benz in Bangladesh. They will assemble in Bangladesh like Thailand. They will make parts of BMW and Mercedes brand and some parts will come from overseas. Later it will be assembled here."
Kamal said, "In this regards, the German delegation will meet with Prime Minister Sheikh Hasina. They will invite the Prime Minister for a visit to German next March and the issue can be final here." The Finance Minister said, "They are proposing us right now that they want to use our jute industry in a big way."
"It was extremely difficult for us to manage the jute industry. So this is a very good proposal. We asked them to come and do business," he said.
The Minister said, "We have told them that the general preference system (GSP) of Bangladesh should not be shut down in European (EU) market. They said they would help in this regard."
Meanwhile, a German business delegation arrived here on Sunday on a five-day visit to discuss trade and investment issues with their Bangladesh counterparts.
The visit was organised by Ostasiatischer Verein (German Asia-Pacific Business Association) together with Deutscher Industrie- und Handelskammertag (Association of German Chambers of Commerce and Industry).
The delegation ranging from representatives of the textile, furniture and shipping sectors to those of the environment technology, banking and tourism sectors will meet Bangladesh government high officials as well as leading Bangladeshi and international companies in order to exploit business opportunities in Bangladesh.