Bangladesh Promotes Business Coope

[suriya@xxxxxxxxxxxx]

Subject: Bangladesh Promotes Business  Cooperation with Myanmar 

               Asia:Bangladesh

               Bangladesh Promotes Business
               Cooperation with Myanmar

               Xinhua
               12-NOV-98

               YANGON (Nov. 13) XINHUA - A Bangladeshi delegation of
entrepreneurs is
               currently visiting Myanmar to seek ways to promote business
cooperation with
               their Myanmar counterparts. 

               The Bangladeshi businessmen, who are accompanying Bangladesh
foreign
               minister Abdus Samad Azad on the latter's three-day visit to
Yangon, met their
               Myanmar counterparts Thursday for discussions on bilateral
economic
               cooperation. 

               U Aik Tun, vice-chairman of the Asia Wealth Bank Ltd of
Myanmar, said
               Azad's visit would enhance bilateral economic cooperation
between the two
               countries which have direct trade dealings, and help
overcome economic
               difficulties both are facing. 

               U Aik Tun, who is also chairman of the Myanmar-Bangladesh
Business Center,
               hoped that entrepreneurs of the five nations of BIMST-EC
could conduct trade
               on a wider scale. 

               Both Myanmar and Bangladesh are member countries of
BIMST-EC, a new
               sub-regional economic grouping formed in June 1997 by
Bangladesh, India,
               Myanmar, Sri Lanka and Thailand bordering the Bay of Bengal. 

               At the invitation of Myanmar Foreign Minister U Ohn Gyaw,
Azad arrived here
               Wednesday for a visit aimed at strengthening bilateral ties
and economic
               cooperation between the two countries. 

               In July this year, a Myanmar business and investment
delegation led by U Aik
               Tun visited Bangladesh. They reached a memorandum of
understanding with the
               Dhaka Chamber of Commerce and Industry (CCI) to promote and
expand
               trade, investment and other economic activities between the
two countries. 

               Two other Bangladeshi organizations -- the Federation of
Bangladesh CCI and
               the Bengal CCI -- had signed with their Myanmar counterparts
similar MOUs in
               May 1989 and June 1996 respectively. 

               Bilateral trade stands at about 8 million U.S. dollars a
year, according to
               Commerce and Industries Minister of Bangladesh Tofail Ahmed. 

               The two countries formally opened border trade in September
1995. 





                                                   

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