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Bilateral relations between Bangladesh and Malaysia are expected to deepen through new avenues for collaboration and investment, said Shabbir A Khan, president of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI). He made these remarks during a reception hosted by BMCCI in honour of Mohd Shuhada Othman, the newly appointed high commissioner of Malaysia to Bangladesh, according to a press release. The event was attended by ambassadors, high commissioners, diplomats, government officials, BMCCI past presidents, and chamber members.
Bangladesh's exports to Malaysia in FY 2023-24 amounted to $293.51 million, a 9.56 percent decline from $324 million during the same period of the previous year, against an export target of $430 million, BMCCI data shows.
Imports from Malaysia stood at $2.60 billion, down from $3.49 billion in FY 2022-23, narrowing the trade gap to $2.
31 billion from $3.11 billion. Key Bangladeshi exports include textiles, leather goods, jute products, seafood, and pharmaceuticals, while imports from Malaysia primarily consist of electrical equipment, palm oil, machinery, and chemicals.
Khan hailed the strong partnership between the two nations in trade, investment, education, healthcare, and tourism, expressing optimism that the high commissioner's leadership would unlock new opportunities. The high commissioner expressed gratitude for BMCCI's support and pledged to work towards minimising the trade gap and fostering Malaysian investments in Bangladesh. He also highlighted substantial opportunities across various sectors and called for BMCCI's continued assistance.
Bilateral relations between Bangladesh and Malaysia are expected to deepen through new avenues for collaboration and investment, said Shabbir A Khan, president of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI). He made these remarks during a reception hosted by BMCCI in honour of Mohd Shuhada Othman, the newly appointed high commissioner of Malaysia to Bangladesh, according to a press release. The event was attended by ambassadors, high commissioners, diplomats, government officials, BMCCI past presidents, and chamber members.
Bangladesh's exports to Malaysia in FY 2023-24 amounted to $293.51 million, a 9.56 percent decline from $324 million during the same period of the previous year, against an export target of $430 million, BMCCI data shows.
Imports from Malaysia stood at $2.60 billion, down from $3.49 billion in FY 2022-23, narrowing the trade gap to $2.
31 billion from $3.11 billion. Key Bangladeshi exports include textiles, leather goods, jute products, seafood, and pharmaceuticals, while imports from Malaysia primarily consist of electrical equipment, palm oil, machinery, and chemicals.
Khan hailed the strong partnership between the two nations in trade, investment, education, healthcare, and tourism, expressing optimism that the high commissioner's leadership would unlock new opportunities. The high commissioner expressed gratitude for BMCCI's support and pledged to work towards minimising the trade gap and fostering Malaysian investments in Bangladesh. He also highlighted substantial opportunities across various sectors and called for BMCCI's continued assistance.
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