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Minister stresses reducing Thai-Bangla trade gap

Star Business Report
The commerce minister has said Bangladesh's businessmen should take initiatives to take more hold on business with Thailand and reduce trade gap between the two countries.
“We have a friendly relation with Thailand, yet we have a trade gap with the country. It's high time for the local businessmen to increase export and bridge this gap," Faruk Khan told the inaugural of the Made in Thailand Exhibition 2009 in Dhaka yesterday.
The Department of Export Promotion of Royal Thai Government organized the four-day fair.
"The exhibition would pave the way for the local businessmen to exchange ideas about
our exportable products and services that might have demand in Thailand," the minister hoped.
Chalermpol Thanchitt, Thai ambassador in Dhaka, suggested that Bangladesh government should conduct a joint study to pinpoint products that would help reduce the Thai-Bangla trade gap.
"I have proposed to the commerce minister to go for a joint study to assess the Thai demand for some 15 to 20 Bangladeshi products," he said.
The trade between Bangladesh and Thailand was close to $600 million last year, with exports from Thailand accounting for more than 90 percent of this amount, said the envoy.
He also said a Thai delegation is planning to visit
Dhaka to explore the possibility of importing 10 million sets of jute sags from Bangladesh.
Bangladesh is one of the major Thai export destinations. The exportable items include rice, auto parts and accessories, leather, fashion accessories, cosmetics, healthcare and beautyproducts.
The products Thailand imports from Bangladesh are vegetables, toys and non-cotton and synthetic garments items among others.
TheThai fair that began at the Pan Pacific Sonargaon Hotel in the capital would continue up to March 14.
About 45 Thai exporters are showcasing products and services in 52 stalls.
The fair will be open to public from 10am to 3 pm, but visitors can stay back till 8pm.