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22-05-2012 14:12 Belarus

Belarus, Bangladesh to set up economic cooperation commission

MINSK (BelTA) – Belarus and Bangladesh will set up a joint commission to promote trade and economic cooperation. The establishment of the commission was discussed at a meeting of Belarusian Foreign Minister Sergei Martynov and Foreign Minister of the People's Republic of Bangladesh Dipu Moni on 22 May, BelTA has learnt.

“This is the first official visit of a high ranking Bangladeshi official to Belarus. We are very glad about it. During the talks the minister and I noted that in recent months Belarus and Bangladesh have considerably intensified cooperation. The two countries exchanged visits on various levels across various fields,” Sergei Martynov said.

In his words, the parties are determined to deepen cooperation. “We have agreed to establish a joint commission which first session will be held in Minsk this autumn. The commission will discuss issues in trade, economy and other fields. We emphasized that the two economies are complementary,” the Belarusian Foreign Minister said.

Sergei Martynov noted that in 2011 the bilateral trade made up $140 million, up 2.5 times on 2010. The trade is currently dominated by potash fertilizers; the two countries are determined to diversify it by trading in machinery, equipment and other goods produced in Belarus and Bangladesh. “We considered assembly production of equipment and machinery in Bangladesh and production of pharmaceuticals in Belarus,” he said.

The two countries will start preparing for the visit of the Prime Minister of Belarus to Bangladesh this autumn. As part of the preparations, representatives of the business community of Bangladesh are invited to visit Belarus.

The foreign ministers also discussed cooperation of the two countries in the United Nations where Bangladesh and Belarus actively support each other.

Dipu Moni noted that the ongoing visit will give an impetus to the bilateral cooperation. She expressed interest in joint projects in economy, science and technologies, education, culture and agriculture.

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