20 Aug 2008 Arab News
 

Dhaka seeks more trade with Saudi Arabia

  • Text size
  •  
  •  

RIYADH: The new Bangladeshi Ambassador to Saudi Arabia, M. Fazlul Karim, said he would be focusing on boosting economic relations between the Kingdom and Bangladesh during his tenure here.

"There is an urgent need to bolster bilateral economic relations. There are several areas where we could harness our resources for mutual benefit," the ambassador told Arab News, adding that he would ask the Saudi government to import more goods from Dhaka and encourage Saudi businessmen to invest in his country.

Bangladeshi exports crossed $74 million, while its imports from the Kingdom touched $344 million. Bangladesh exports pharmaceutical products, ceramics and leather goods to Western countries. "We hope to look for markets for these products in the Kingdom," said Karim, adding, "Dhaka will try to bridge the balance of trade which is in the Kingdom's favor."

He said Saudi investors could invest in infrastructure development, road construction and communications. "They will get attractive returns for their foreign investments in the country," he said, adding that there is a large number of skilled workers in the medical, paramedical, engineering and IT sectors who could be employed in new projects in the Kingdom.

Rejecting misconceptions about Bangladeshi workers in the Kingdom, the envoy said that no one can judge a community by the misdoings of a few. "The majority of the 1.8 million workers have earned a good name for their country by way of their perseverance and loyalty toward their employers," he said, adding that Bangladeshi workers in the Kingdom send more than $ 1 billion annually to their country.

Karim said the country is duty-bound to look after the welfare of foreign Bangladeshi workers. "We have even arranged legal assistance for distressed workers to help sort out their labor problems," he said.

Prior to his posting here, Karim, served as the Bangladesh ambassador to Italy.

By Muhammad Rasooldeen

© Arab News 2008

x DISCLAIMER

Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.

Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Access to this article is subject to specific terms and condition.
 
 

Post a Comment

 
  • Comment Title (optional)
  • Express your views or tell us more about this article
  • First Name
  • Last Name
  • Email Address
  • Company Name (optional)
Leave this field empty
 
 
Zawya Comment Policy
 
  1. Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
    1.1   Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
    1.2   Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
    1.3   Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
    1.4   Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
    1.5   Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
    1.6   Give the impression that they represent Zawya.
    1.7   Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
  2. The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
  3. Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
  4. By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.