No Result
View All Result
INDUSTRY INSIDER
About Us
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • More
Saturday, December 2, 2023
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • More
No Result
View All Result
INDUSTRY INSIDER
No Result
View All Result
Home Business

Malaysia and Bangladesh discuss the FTA and safe migration

Malaysia and Bangladesh discuss the FTA and safe migration
by Insider Desk
May 11, 2023

The third Foreign Office Consultations (FOC) between Bangladesh and Malaysia, which took place on the 10th of May at the Ministry of Foreign Affairs in Dhaka, focused on whether or not the two countries could sign a bilateral Free Trade Agreement (FTA) and whether or not Bangladeshi workers could safely migrate to Malaysia, said a spokesperson.

The Bangladesh delegation was led by Senior Secretary Diplomat Masud Bin Momen. A five-part Malaysian designation was led by Mr. Dato Norman Muhamad, representative secretary general of the Service of International Concerns of Malaysia, said the foreign service representative.

During the FOC, the two sides consented to investigate the chance of closing a respective FTA to fortify the consistently expanding reciprocal exchange and financial relations between the two territorial nations.

Foreign Secretary Masud Bin Momen described Malaysia as a significant financial backer country in Bangladesh and encouraged a more prominent foreign direct investment (FDI) progression from Malaysia, especially in the Monetary Zones of Bangladesh, for a common advantage.

Both sides reiterated their commitment to collaborating more closely to reduce migration costs and create a favorable environment for Bangladeshi expatriate workers in Malaysia while ensuring an orderly, safe, and ethical migration.

The Malaysian side recognized the significance of Bangladeshi laborers in keeping up with the vitality of the Malaysian economy.

They also talked about common interests in the local and global arenas. After a gap of more than five years, the FOC was held. Both sides expressed optimism that it would significantly contribute to injecting additional dynamism into the existing bilateral relations.

The current level of engagement was praised by both parties, who also emphasized the need to improve it further through appropriate follow-up of bilateral instruments and mechanisms.

They also emphasized making regular high-level visits to carry on the momentum and consented to materialize the proposed visit of the Malaysian PM to Bangladesh at the earliest convenience.

Foreign Secretary Masud Bin Momen requested Malaysia to be more proactive both bilaterally and within the framework of ASEAN to speed up the repatriation of Rohingya from Bangladesh to their homeland in Myanmar.

Additionally, he sought Bangladesh’s prompt inclusion as an ASEAN Sectoral Dialogue Partner.

Both sides expressed their determination to increase engagement in all areas to strengthen cooperation further. The discussions were substantial and fruitful. The next FOC will take place in Malaysia on a date that works for both parties.

Tags: BangladeshFree TradeMalaysia
Previous Post

Govt to support Tk 2.63t ADP for FY 2023-24

Next Post

China’s decline in import and export growth makes global economic outlook uncertain

Related Posts

Paris Air Show: A glimpse into the aviation and aerospace industry

by Jinat Jahan Khan
| November 30, 2023

Sustainability key to sustaining RMG sector growth

by Shehrin Radiyat Shahnawaz
| November 27, 2023

Microsoft drives transcom group’s digital revolution

by Insider Desk
| November 19, 2023

ACI partners with United Biscuits: Joint venture in biscuit production

by Insider Desk
| November 19, 2023

Emirates airline seals $52B Boeing deal

by Insider Desk
| November 17, 2023

Unilever boosts profits despite revenue drop

by Insider Desk
| October 30, 2023

Next Post
China’s decline in import and export growth makes global economic outlook uncertain

China's decline in import and export growth makes global economic outlook uncertain

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You May Also Like


1
Tech
Huawei’s RedCap gains global momentum

2
Bangladesh
Bangladesh leads global green factory drive

3
World
Algeria hosts successful sustainable economic forum

4
Feature
Bengali AI: Proliferating AI into Bangla language

5
Business
Paris Air Show: A glimpse into the aviation and aerospace industry

Home
Industry
Business
Tech
Bangladesh
World
Feature
R&D
Videos
Magazine
About Us Subscribe
Industry Insider is published by Tareq Ahmed Robin, Sayem Sharif, Md Mahfuz Ul Islam and Mohammad Saiful Islam. It is a quarterly magazine, comes from House B-114, Level – 03, Road – 07, DOHS, Mohakhali, Dhaka – 1206
Reach Out: [email protected]
© 2023 – All rights reserved with Industry Insider | Developed By YSI Bangla Limited  Follow us on our socials:
No Result
View All Result
  • All News
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • More
  • About Us
  • E-Magazine
  • Videos
  • Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Go to mobile version