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Business leaders call for direct air, shipping links with Oman

STAR BUSINESS REPORT
Direct Bangladesh-Oman air and shipping links should be established in order to increase trade between the two countries, representatives of the business community of Oman and Bangladesh observed yesterday.
During a meeting between a three-member business delegation of Oman Chamber of Commerce and Industry (OCCI) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), it was discussed that other countries traded Bangladeshi products in Oman as there is no direct air and shipping links between the two countries
Regretting the case, State Minister for Expatriate Welfare and Overseas Employment Major (retd) Kamrul Islam assured the business leaders of taking the issue to the ministries concerned. He was speaking at the meeting as chief guest.
Bangladesh business leaders also urged the entrepreneurs of Oman to invest in Bangladesh taking advantage of the liberal policies and incentives currently available for foreign investors in Bangladesh.
The State Minister said although the volume of trade between the two countries is negligible but not insignificant. " We hope the volume will increase gradually."
During the year 2000-01, Bangladesh exported products worth 1.34 million US dollars while it imported goods worth 0.78 million dollars from Oman.
President of OCCI and leader of the business delegation Abdullah Bin Salem Bin Rawas invited Bangladeshi businessmen to Oman and called for exploring new areas of trade and economic co-operation.
FBCCI President Yussuf Abdullah Harun accepted the invitation and announced that a separate desk for Oman would be set up at the
FBCCI to promote trade. He also urged the delegation to open a similar desk for Bangladesh at the OCCI.
Following the meeting, a memorandum of understanding was signed by the OCCI president and the FBCCI president on behalf of their respective sides.
As per the MoU, both parties will facilitate exchange of visits of businessmen and economic information with a view to exploring the possibilities of increased trade and economic cooperation between their members.
The MoU also creates scope for formation of a joint committee to exchange views and submit proposals for strengthening trade ties between the two countries.
Among others, Bangladesh Ambassador to Oman Major General (retd) Amin Ahmed Chowdhury also delivered speech at the meeting held at the FBCCI.