Bangladesh offers Thai investors special economic zones

Dhaka Tribune

DHAKA: Commerce Minister of Bangladeshi Tofail Ahmed has offered Thai investors Special Economic Zones (SEZ) on Wednesday to attract foreign direct investment into the country.

Tofail made the offer while inaugurating a four-day trade fair titled “Thailand Week 2017” at Pan Pacific Sonargaon Hotel in Dhaka.

“We’ll develop 100 special economic zones across the country and the foreign direct investment policy is liberal, investors can take away their dividend,” the minister said.

Bangladesh’s offer comes a time when there is a huge trade deficit between the two country.

Bangladesh exported $35 million worth of goods to Thailand in 2015-16, while Thailand exported $668 million worth of goods to Bangladesh in the period.

Thailand’s main exports to Bangladesh are healthcare and pharmaceutical products, cosmetics, beauty and wellness products, electrical appliances, fruits and jewellery.

Tofail is trying to woo Thai investors to invest specifically in the industries where the trade deficit lies such as healthcare, pharmaceutical and clothing industry.