Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Thailand

Bangladesh, Thailand ink deal to construct road, rail

byCustoms Today Report
27/06/2015
in Thailand
Share on FacebookShare on Twitter

DHAKA: Bangladesh and Thailand plan to establish road, rail and waterways connectivity to link Asean’s east-west and north-south corridors through Bangladesh, China, India and Myanmar (BCIM).

Bangladesh and Thailand have also agreed to sign a deal on connectivity at the seventh joint commission meeting of their foreign ministers.

You might also like

Shippers see temporary lull in exports

05/02/2020

Private sector forecasts deeper export decline

03/02/2020

The issue of connectivity was discussed at the first-ever foreign office consultation between the two countries in the capital yesterday.

The meeting also shed light on issues related to trade and investment, duty- and quota-free market access of Bangladeshi products to Thailand, recruitment of Bangladeshi manpower and economic cooperation.

Foreign Secretary Md Shahidul Haque led the Bangladesh team in the meeting, while Thai Foreign Secretary Norachit Sinhaseni led his country’s nine-member delegation.

The Thai team said they will welcome the proposals to establish the connectivity, for which both the sides agreed to create a joint working group.

Bangladesh further proposed establishing connectivity between Chittagong port and Ranong port of Thailand and air-connectivity between Bangkok and Cox’s Bazar to promote bilateral trade, investment and tourism.

Bangladesh also expressed its interest to be connected with the Mekong-Ganges Cooperation forum to enhance its connectivity with Thailand and other countries of the Association of Southeast Asian Nations (Asean).

“Naturally the BCIM came up in the discussion, but we thought it’s time that we should also look for how to go beyond BCIM to get linked with other similar initiatives that are moving fast,” Haque said.

East-west and north-south corridors are hubs of Asean connectivity, Sinhaseni said.

The east-west corridor starts from a deep seaport in Vietnam, which passes through Laos and connects with Thailand linking China, he said.

The second corridor runs through Singapore to Malaysia and is stretched up to Kunming in China.

It will be possible to connect both the corridors from Kunming, if the BCIM connectivity is established, the Thai secretary said.

Thailand has granted duty- and quota-free market access for 6,998 Bangladeshi products while 15 more are under consideration as the products are reviewed in every two years, he said.

Special tourism zones could be offered to Thailand, Haque said.

The two countries agreed that two separate deals will be finalised and implemented to strengthen cooperation in tourism and culture.

The Thai secretary said the two countries also decided to exempt visa for diplomatic passport holders while exemption for official passport holders will be discussed later.

Bangladesh has made a request for Thai investment in energy, food processing, tourism and health sectors, he said.

Bangladesh will host the first meetings of the separate joint working groups on investment and health services by 2015, Haque said.

A deal will also be signed between Bangladesh Accreditation Board and Thai Industrial Standard Institute to facilitate trade, he said.

Related Stories

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Private sector forecasts deeper export decline

byadmin
03/02/2020

The slowing world economy, widespread domestic drought and the deadly virus outbreak have prompted the private sector to lower the...

Bank cuts Thai 2020 GDP growth outlook to 2.7%

byadmin
30/01/2020

SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020...

BOI steps up investment promotion measures in the EEC

byadmin
16/01/2020

BANGKOK: The Board of Investment of Thailand (BOI) has approved measures to promote investment in the Eastern Economic Corridor (EEC)...

Next Post

Vietnam forestry-fishery exports revenue likely to fall 2.8% in H1

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.