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Home >> World
UPDATED: 17:38, June 20, 2007
Bangladesh, Bahrain to sign 3 agreements to promote trade
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Bangladesh and Bahrain Wednesday agreed to sign three agreements soon to boost bilateral trade and economic cooperation.

Besides, Bangladesh is expecting to send more skilled and semi- skilled workforce to the gulf state where some 75,000 Bangladeshis are now working.

The understanding was reached during an official talk between Foreign Advisor Dr Iftekhar Ahmed Chowdhury and visiting Bahrain's State Minister for Foreign Affairs Dr Nezar Sadiq Al Baharna at the state guest house Padma.

The agreements to be signed are on Avoidance of Double Taxation, Investment Protection and Air Services.

"We have made much progress on these agreements and these will be signed within this year," Advisor Chowdhury told reporters after nearly 45-minute talk.

Both sides, he said, discussed how to increase trade and investment between the two countries apart from sending skilled and semi-skilled manpower from Bangladesh.

We expressed our firm commitment to strengthen our political, economic and diplomatic relations, the Advisor said.

Bahrain State Minister Dr Al Baharna said they had very good discussion covering bilateral, Middle East and international issues.

He said some agreements will be signed to promote trade and investment. The discussions also focused on how to jointly develop pharmaceutical, garment, food and flower industries and increase the export.

Bangladesh's export to Bahrain fetches an amount of around 4 million U.S. dollars while import costs 3.5 million dollars.

Source: Xinhua

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