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Dhaka, Hanoi eye $100m trade by 2008

Joint communique signed

UNB, Hanoi
Bangladesh and Vietnam have agreed to set a target of $100 million for bilateral trade volume by 2008.
This was revealed in a 16-point joint communique issued yesterday, the last day of Prime Minister Khaleda Zia's three-day official visit to Vietnam.
On Wednesday, Khaleda Zia had official talks with her Vietnamese counterpart Phan Van Khai at the Government Office.
The two sides agreed to promote the signing of the agreement on direct payment between the central
banks of the two countries at the earliest.
The two sides also identified specific areas for promotion of trade between the two countries that would include pharmaceuticals, garment accessories, jute, leather, cement, agricultural equipment and wooden furniture.
Earlier, the two prime ministers agreed that there are ample scope to increase the present volume of bilateral trade by harnessing untapped potentials.
They agreed to activate and hold the first meeting of the Bangladesh-Vietnam joint commission on economics, culture, and science and technology in order to work out the roadmap for bilateral cooperation in all fields.
The two prime ministers discussed the scope and opportunities for joint venture investment in the potential sectors such as pharmaceuticals, leather, jute, agrobased industries, agricultural equipment and ICT.
Bangladesh recognised the commendable achievement of Vietnam in the field of agriculture.
The two sides showed keen interest in strengthening the existing cooperation in the field of agriculture, particularly in agro-processing, manufacturing agricultural equipment, bio-technology, farm management, intensive method of cultivation, research and exchange of training programme.
Both sides felt the need for more exchange of visits and enhanced interaction between the business communities of the two countries. In this context, they emphasised close cooperation between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Vietnam Chambers of Commerce and Industry (VCCI) under the existing framework.
They agreed to promote cooperation on other fields such as culture, education, tourism, export and help forge people to people contact
between the two countries.
During the visit, the two prime ministers expressed satisfaction that the two countries share common perceptions on major regional and international issues and also work in close concert within the UN, Nam, G-77, ACD and other regional and international forums.
The leaders discussed the issues of Bangladesh's membership bid for the Asean Regional Forum (ARF), the Ganga-Mekong Cooperation Initiative and the proposed East-West Economic Corridor (EWEC).
Vietnam supported Bangladesh's greater participation in Asia's cooperation arrangements, including ARF.
Bangladesh also reaffirmed her support for Vietnam to join the WTO.
The Bangladesh prime minister extended her warm and cordial invitation to Prime Minister Phan Van Khai and Madam Phan Van Khai to visit Bangladesh at a mutually convenient time. Prime Minister Phan Van Khai accepted the invitation with pleasure. The visit will be arranged through diplomatic channel.