Bangladesh signs five-year trade agreement with Kuwait

http://www.bssnews.net/newsDetails.php?cat=0&id=161173&date=2011-02-14

Bangladesh signs five-year trade agreement with Kuwait

DHAKA, Feb 14 (BSS)- Bangladesh today signed a trade agreement with Kuwait to boost trade transactions between the two countries.

Commerce Minister Lt Col (retd) Faruk Khan and Minister of Commerce and Industry of Kuwait Ahmed Rashed Al-Haroun signed the agreement on behalf of their respective governments at the latter’s office in Kuwaiti capital.

In the agreement, two countries expressed their keen desire to promote and diversify exchange of goods and services between them, said a message received here today.

Under the agreement, the two countries will also provide each other the necessary support to participate in trade fairs in the international arena. The agreement is renewable for another five years on its expiry.

Prior to signing of the agreement, Faruk Khan was received by his Kuwaiti counterpart at Kuwait’s Ministry’s Complex.

Both the Ministers led their teams in the bilateral trade talks.

They emphasized the need for furthering cooperation between the two countries in the areas of trade and economy.

Kuwaiti Commerce Minister Al- Haroun said that his country could import food from Bangladesh.

Faruk Khan thanked his counterpart for extending warm hospitality to him and his delegation.

He congratulated the Minister of Kuwait on the 50th Anniversary of their Independence and 20th Anniversary of Liberation and through him to the Government and the People of Kuwait.

He also referred to the participation of Bangladesh Armed Forces in the Liberation of Kuwait and urged his counterpart to increase import from Bangladesh, particularly Readymade Garments, Medicine, Jute and Jute goods, food products, ceramics, leather and leather goods.

Faruk Khan said Kuwait could also import ship from Bangladesh and categorically requested his Kuwaiti counterpart to waive five percent custom duty operative on imports from Bangladesh.

Faruk Khan requested Kuwaiti Minister to recruit unskilled, semi-skilled and skilled manpower, such as technicians, engineers, doctors, teachers from Bangladesh.

Other members of Kuwait side at the talk were Under Secretary of the Ministry of Commerce and Industry Abdul Aziz Al-Khaldi, Kuwait Ambassador to Bangladesh, and high officials of the ministry. Bangladesh side included Bangladesh Ambassador to Kuwait Syed Shahed Reza and joint Secretary of the Ministry of Commerce Monoj Kumar Roy.

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