Sunday, 25 August 2019

Chittagong, Bangladesh: Teknaf, Bangladesh to Akyab, Burma road construction will start January,next year and simultaneously the Myanmar airlines is expected to operate from Dhaka, said Myanmar Ambassador Myo Mint Than.

He was addressing to the directors of Chittagong Metropolitan Chamber of Commerce and Industry (CMCCI) at its conference hall in Chittagong on November 29.

 

Acting President of the CMCCI, AM Mahbub Chowdhury welcomed the ambassador to the Metropolitan Chamber and greeted him with a flower bouquet. He also extended felicitations to HM Hakim Ali, Honourary Consul of Burma in Chittagong on the occasion.

The ambassador exchanged views with the business leaders on transit, trade and business and import-and-export-related problems that the two countries are now facing.

“Burma is now inviting investment from Bangladeshi businesses and industrialists in different fields as it has recently brought about necessary changes in its investment policy.”

“Burma has become attractive for investment and high-level officials of Burma and Bangladesh are conducting useful dialogues to help strengthen trade relation.”

The provisions under the new investment policy of Myanmar have, however, some criteria that include causing no harm to the domestic interests and upholding dignity and sovereignty, while protecting the environment.

"In spite of that, we will ensure equal opportunities for all investors under the new foreign direct investment (FDI) policy," the Ambassador said.

"The financial transactions are yet to be facilitated through direct letters of credit (LCs) between the two countries and the current LC transactions through a third country will be discontinued shortly after some working out the necessary formalities," he said, adding that two branches of Sonali Bank and AB Bank have already been set up in Burma to facilitate businesses.

Similarly, Teknaf Land Port will develop its facility to handle goods of Burma which will import by a Private port operator and the decision had come out from a meeting of Teknaf Land Port Advisory Committee at local Circuit House today where Shipping Minister Shajahan Khan presided over the meeting, Abdur Rahman Bodi, MP, Syed Manjurul Islam, Acting Secretary of Shipping Ministry, Moazzedin Ahmed, Chairman of Bangladesh Land Port Authority attended the meeting.