TEHRAN (Iran News) – Commercial Councellor of Embassy of Bangladesh during her meeting in the North Khorasan Chamber of Commerce in Bojnurd said that Bangladesh offers good incentives for investment to the investors in her country.
Speaking among the officials of the chamber and some economic activists of the province, Dr. Julia Moin said that she is in the North Khorasan Chamber of Commerce to get more information about the different capacities of investment in this province.
She noted that ornamental and marble stones are some goods which are required by her country although currently some Iranian companies are busy with exporting these types of stones to Bangladesh. She further said that some agro products like red onion, grape and raisins are exported to Bangladesh which meet the demands.
Moin added that Bangladesh offers good incentives to investors that tax and custom exemptions are some of them. She noted that one of the good advantages of Bangladesh is its membership in the WTO that Iran can take advantage of it. She said Iranian trade companies can take advantage of Bangladesh’s presence in the WTO and enter the Southeast Asia market.
She went on to say that the value of Bangladesh’s exports to Iran in the current year has been over $40m and its imports from Iran have been $66m and it shows the fact that the trade balance is positive in favor of Iran.
Moin also said that Bangladesh requires some products like iron, copper, bitumen, different fertilizers, agro machineries, motorcycle, carpet and milk powder that some of them are provided from Iran.
She went on to say that Bangladesh is one of the biggest garment producers in the world and it is eighth cotton exporter in the world and is ready to cooperate with Iranian investors in this field.
Moin also called on Iranian investors to invest in the field of creating processing and complementary industries and added that the Bangladesh government offers considerable incentives to the investors like land.
She said there is no limit for investment in Bangladesh and the investor immediately get residence permit and whenever the investor wants to withdraw its capital, it is easily approved by the officials.
She reiterated that kenaf (Hibiscus cannabinus fiber) is the major export of Bangladesh to Iran which is used in Iran’s carpet weaving industry.
Moin noted that exports from North Khorasan should be good quality to enter Bangladesh market and the condition for its transportation to Bangladesh should be provided and this needs more cooperation.
