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High Commissioner's Message
TODAY, 31st August 2012, marks the 55th National Day of Malaysia.
On this auspicious occasion, I, on behalf of the Government and the people of Malaysia would like to extend my warmest greetings and best wishes to the Government of the People's Republic of Bangladesh and its people. 1 would also like to convey my 'salam' (greetings) to my fellow Malaysians currently residing in Bangladesh.
The bilateral relations between Malaysia and Bangladesh in all areas of cooperation have always been warm and close since the establishment of diplomatic relations in 1972. The regular contacts that have been established between the leaders, officials and the people of our two countries have significantly contributed to the strong friendship that we enjoy today. This close knit friendship and relations between our two brotherly countries shall continue to grow under the stewardship of our current leaders.
Malaysia follows with great interest the developments in Bangladesh towards bringing about political stability, better socio-economic conditions for the people, as well as the various measures towards enhancing economic growth. In this
regards, Malaysia deeply appreciates the opportunity to participate in and contribute to the country's development through the ventures of Malaysian companies in Bangladesh.
The bilateral trade and investment between Malaysia and Bangladesh is constantly expanding. Bangladesh is currently Malaysia's third largest export destination in South Asia, after Pakistan and India. Trade between Malaysia and Bangladesh compared to year 2010 has increased by 36 percent to nearly USD 1.65 billion in year 2011. Bangladesh import to Malaysia has also increased by 50.2 percent to USD 35.54 million.
Malaysia is the largest investor among the ASEAN Member States in Bangladesh and remained the 6th largest investor overall among other countries in year 2011. The cumulative amount of investment to date is estimated at USD 1.5 billion mainly in sectors like telecommunication, power generation, higher education, banking & finance, food production, edible oil, etc.
1 am delighted to mention that the Malaysian government has taken initiatives by organizing solo country exhibitions to promote Malaysian products and services as well as to encourage greater trade between Malaysia and Bangladesh. The most recent exhibition was the Malaysian Food & Cultural Festival and Expo Malaysia 2012, a week-long event held in conjunction with the 40th Anniversary of Malaysia-Bangladesh Diplomatic Relations organized by the High Commission of Malaysia in collaboration with Tourism Malaysia, Malaysia Airlines and Malaysia Healthcare Travel Council (MHTC) as well as Robi Axiata Limited as the Title Sponsor
of this event. 25 Malaysian large and medium-scale companies offering various Malaysian products and services ranging from telecommunication, healthcare travel, tourism, finance, education and property development took part in this event.
We welcome more efforts from Bangladesh entrepreneurs to venture into Malaysian market. The initiatives such as an exhibition named 'Showcase Bangladesh 2012' aimed at promoting Bangladesh's top products and services successfully held in Kuala Lumpur recently, should become a turning point to harness more collaborative efforts from the private sector and concerned government agencies of Bangladesh to promote trade and investment from Bangladesh into Malaysia. This expo, organized by Bangladesh-Malaysia Chamber of Commerce and Industry (BMCC1) is indeed a great initiative aimed at achieving trade balance between Malaysia and Bangladesh.
I am confident that with the full support of Bangladesh, our two countries will be able to reach substantial achievement in all areas of cooperation. At the same time, new areas of cooperation should be identified which will serve the interests of both countries.
I pray to Allah Almighty for the continued peace, progress and prosperity of People's Republic of Bangladesh and its people. May the bond of friendship that our two countries enjoy and close relations between the people of our two countries continue to be strengthened from time to time.
Thankyou.
Norlin Binti Othman
High Commissioner of Malaysia to Bangladesh