Bangladesh to push for investment

Bangladesh to push for investment

DHAKA: Bangladesh is to push for investment and the reduction
of its trade deficit during Indonesian President Megawati
Soekarnoputri's three-day visit starting on Wednesday, officials
here said.

Her visit to Bangladesh comes as Prime Minister Khaleda Zia's
government pursues its "Look East Policy" to boost economic ties
with neighboring Myanmar and Thailand.

A business delegation will travel with the president. There is
currently no Indonesian investment in Bangladesh.

Several agreements are likely to be signed, including one on
double taxation and renewing a 1978 trade accord between the two
countries, they said.

The trade balance between the two countries is more than
US$162 million in Indonesia's favor, according to official
figures.

Exports from Bangladesh includes jute products and garments,
while imports include mineral products, plastics and machinery.
-- AFP