Eswatini commerce minister urges Bangladesh to bolster business ties

21 Jul '22

1 min read

Pic: FBCCI

Eswatini’s minister for commerce, trade and industry Manqoba Khumalo recently urged Bangladesh to strengthen business relations with his country. "Bangladesh may treat Eswatini as a potential market for exporting readymade garments, agro products, and ICT and electronic products in particular,” he told the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) in Dhaka.

Eswatini is interested in joint ventures as well, he said.

While China and India are the two major exporters to Eswatini, his government would like to see Bangladesh as another important trade and investment partner, he said highlighting tax and duty-free facilities and other incentives for foreign investors.

Eswatini's funding and Bangladesh's experience could be combined in the pharmaceutical, biotechnology, contract farming and ICT sectors, the minister was quoted as saying by Bangladeshi media reports.

FBCCI acting president Mostofa Azad Chowdhury Babu proposed a memorandum of understanding (MoU) between the two sides and setting up an Eswatini high commission in Dhaka as Bangladeshis have to process Eswatini visas from Malaysia now.

Fibre2Fashion News Desk (DS)

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