Salman urges KSA to grant duty-free access to Bangladeshi products

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The Prime Minister’s Industry and Investment Advisor, Salman F Rahman, who is currently in Saudi Arabia, speaks with Saudi Minister of Trade and Investment, Majid bin Abdullah Al Qasabi, during the ‘a virtual meeting held on September 18. Bangladesh Ambassador to Saudi Arabia Mohammad Javed Patwari, BIDA Executive Chairman Mr. Sirazul Islam, BEZA Executive Chairman Sheikh Yusuf Harun, and PPPA General Manager Sultana Afroz, among others attended. the virtual meeting. – Photo New Age

On September 18, Salman F Rahman, the Prime Minister’s private sector investment and industry adviser, called on Saudi Arabia to grant duty-free access to some 137 Bangladeshi products in the Saudi market.

Salman, who is now in Saudi Arabia, made the call during a virtual meeting with Saudi Minister of Trade and Investment, Majid bin Abdullah Al Qasabi.

The prime minister’s adviser mentioned that Saudi Arabia was importing RMG, leather goods, plastic goods, frozen fish and pharmaceuticals from Bangladesh, adding that Saudi Arabia could take the necessary steps to import halal meat from Bangladesh and thereby minimize the trade imbalance between the two countries, a press release said.

The current bilateral trade volume between Bangladesh and Saudi Arabia is $ 1.3 billion.

Addressing the Prime Minister’s greetings to the Saudi King and Crown Prince, Salman focused on more Saudi investment in Bangladesh to materialize the 2041 target.

The prime minister’s advisor informed the Saudi trade minister that Bangladesh is ready to create a special economic zone exclusively for Saudi investors with the necessary facilities.

Following the adviser’s request to invest in various Bangladesh megaprojects under the Saudi public investment fund, the Saudi minister assured to look into the matter. In this context,

Salman sought Saudi investment to establish a rail connection between Dhaka and Payra Port as well as to transform Cox’s Bazar into an international tourism hub.

Referring to the anti-cover-up law intended to allow expatriates to do business legally in Saudi Arabia, Salman called on the Saudi minister to support Bangladeshi businessmen in this regard.

Following a request from the adviser, the Saudi minister assured that a Saudi delegation would visit Bangladesh at their convenience.

Saudi Minister Majid said they attached the utmost importance to the far-sighted leadership and bilateral relations of the two countries.

He also assured Bangladesh to take the necessary steps to sign a memorandum of understanding on a public-private partnership between the two countries, which would open the door to direct investment by Saudi companies in various projects in Bangladesh.

Bangladesh Ambassador to Saudi Arabia Mohammad Javed Patwari, Executive Chairman of BIDA Mr. Sirazul Islam, Executive Chairman of BEZA Sheikh Yusuf Harun, Managing Director of PPP Authority Sultana Afroz, among others attended the virtual meeting .

Earlier, a high-level Bangladeshi delegation, led by Prime Minister’s adviser Salman F Rahman, had arrived in Saudi Arabia for a five-day visit. During the visit, the adviser will meet with several Saudi ministers to boost bilateral trade and attract more investment side by side at various high-level meetings.


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