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Offices needed in Taipei and Dhaka for better trade |
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June 13, 2000
Taipei, June 12 (UNB) – Business leaders from one of the former Asian economic tigers, Taiwan, seek respective government representative offices in Taipei and Dhaka for facilitating bilateral trade and their investment in Bangladesh.
They also want signing agreements on Investment Guarantee, Avoidance of Double Taxation and ATA Carnet Protocol, developing facilities to provide visa service for businessmen, establishing direct air link and exchange of government and business leaders between the two countries.
“None of these has happened yet,” leaders of Chinese National Association of Industry and Commerce (CNAIC), the apex body of trade and chamber bodies in Taiwan, said about their desires on economic and investment aspects as an FBCCI delegation paid a visit to Taipei this week.
“Given the high complementarities of our two economies and Bangladesh’s favourable business environment, I am convinced there are great potentialities and plenty of room for expanding our bilateral trade and investment cooperation,” said Gilbert Bao, Chairman of Bangladesh Committee of the CNAIC.
Without mentioning non-existence of Bangladesh-Taiwan formal diplomatic relations following China’s taboo, he said: “As Taiwan’s investors, with excellent manufacturing skills and marketing expertise, have already learned the trick of doing business in mainland China, I think the question now should no longer be `why Bangladesh’?” but rather “`why not Bangladesh’?”
“Though Bangladesh is still a distant and unfamiliar country to many Taiwanese businessmen, it has been widely regarded as a favourable location for foreign investment in Asia,” he told the delegation of Federation of Bangladesh Chambers of Commerce and Industry.
As the FBCCI sought employment of manpower in Taiwan from Bangladesh, the Taiwanese business leaders emphasised government-level interactions, as visa is still a big problem.
The Taiwanese can procure visa on their arrival in Dhaka, but Bangladeshis are to collect it from Bangkok as there are no formal diplomatic ties between the two countries.
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