It is definitely an welcome news to sign a Free Trade Agreement with Malaysia. Being the only Muslim country with rapid technological advancement, stable economy and free market tactics, Malaysia is in a position to help Bangladesh achieve the right kind of development that it deserves. Over the years Malaysia proved to be a stable partner for a lot of other foreign countries and it will be specially profitable for Bangladesh to gather Malaysian knowledge in Trade. In this matter I have to say, if possible try to do the same for Japan as well.

The bilateral trade between Bangladesh and Malaysia stands around 500 million dollars and could easily go to 2-3 billion dollars with the right attitude and mind in a couple of years. Malaysia has invested almost 1 billion dollars in Bangladesh and it is one of the biggest investor in the country and exerts no influence on the politics of Bangladesh unlike other countries of the world. Every year Malaysia employs around 1 lakh Bangladeshis and currently has almost 3 lakh Bangladeshi people employed there legally and Illegally. The recent interest to build the four lane Dhaka, Chittagong highway is another example of its brotherly relation with Bangladesh. Malaysia is also keen to share the right kind of technology with Bangladesh like shipbuilding, palm oil generation and so on.

Considering all those possibilities, we should not wait a long time to sign in a trade pact with Malaysia. I am sure it will help Bangladesh gather the right kind of attention, trade, technology and respect that it deserves. Some of the European countries are also considering signing a free trade pact with Malaysia. If that happens, it will open up another great venue for marketing Bangladeshi products.
[ad#adbrite-1]