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The Overseas Ministry’s information recorded the commerce quantity between each international locations in 2021 at US$3.03 billion, surpassing the commerce quantity of US$1.76 billion recorded in 2020.
Overseas Ministry’s Director Normal of Asia-Pacific and Africa, Abdul Kadir Jailani, acknowledged that each international locations, with complete inhabitants surpassing 400 million, have large market potential, significantly as Indonesia and Bangladesh are Muslim-majority international locations.
“To broaden the scope of financial cooperation, we have to step ahead to varied alternatives in potential sectors, such because the vitality, halal trade, telecommunication and data, and navy gear sectors,” Jailani acknowledged through the commemoration occasion of the fiftieth anniversary of bilateral relations between Indonesia and Bangladesh right here on Tuesday (June 21) night.
A excessive manufacturing capability within the nationwide industries of each nations additionally bolsters commerce between Indonesia and Bangladesh, he affirmed.
The ministry’s official expounded that Indonesia and Bangladesh are at present deliberating a preferential commerce settlement to reinforce commerce quantity, which each international locations are anticipated to promptly ratify.
“I imagine that progress within the commerce sector might be adopted by progress in different sectors, similar to funding,” Jailani remarked.
In the meantime, Ambassador of Bangladesh to Indonesia Mohammad Mostafizur Rahman acknowledged that Indonesia and Bangladesh have recorded constructive achievements within the fiftieth 12 months of diplomatic relations.
“The commerce worth between Indonesia and Bangladesh has grown considerably by 50 p.c because the final 2021 fiscal 12 months. We count on commerce between each international locations to proceed to extend, and we are able to profit from one another’s assets,” Rahman remarked.
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