Bangladesh will showcase the recent developments in the country with political stability in place during a three-day trade fair to be held in Malaysia next month, sending out a message that Bangladesh is a ‘good place for investment’.
Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) in collaboration with Bangladesh High Commission in Malaysia, Malaysia South-South Association (MASSA), Malaysia External Trade Development Cooperation (MATRADE) and Malaysian Industrial Development Authority (MIDA) will host the event.
The three-day event, titled ‘Showcase Bangladesh 2014’, will be held at the Kuala Lumpur Convention Centre (KLCC) on November 14-16. This will be the third show of its kind.
“Basically, our aim is to branding Bangladesh…we want to let all know that Bangladesh is a good place for investment,” Chairman, Organizing Committee, Syed Nurul Islam told UNB on Saturday.
Islam, also a former BMCCI President and CEO of Well Group of Industries, said Industries Minister Amir Hossain Amu, Commerce Minister Tofail Ahmed and Foreign Minister AH Mahmood Ali are likely to take part in the event.
The second Showcase Bangladesh held in Malaysia in 2012, had a special focus on bringing remittance through the formal banking channel from the Bangladeshis living in Malaysia to help the country increase its remittance inflow and the organizers think the event went very successful. Malaysia is a home to around 5 lakh Bangladeshi workers.
Malaysia, in recent times, urged Bangladesh to concentrate on high value and high-end finished products through export diversification to bridge the trade gap with Malaysia which is now heavily in favour of the Southeast Asian country.
On September 22, Malaysian High Commissioner in Dhaka Norlin Othman suggested the Bangladeshi exporters to diversify their products what they are currently selling to Malaysia to boost bilateral trade apart from joining hands with Malaysian companies to produce products here and re-export those to the global market.
Showcase BD to begin KL Nov 14