Malaysian government want to setup textile, electronics and furni ture industries in Bangladesh

Malaysian government is keen to relocate textile, electronics and furniture industries in Bangladesh for mutual benefit of the two Muslim nations. "A Malaysian business delegation will arrive here soon to carry forward the matter," said president of Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) Syed Moazzem Hossain at a press conference here. The press conference was organized to disclose key successes of the three-day trade fair titled Showcase Bangladesh-2010 held in Kuala Lumpur on Jan 8-10. Former chamber president Salauddin Quashem, chairman of fair organizing committee MA Salam and other office bearers of the BMCCI were present on the occasion. Hossain described the showcase a successful one and said the entrepreneurs were able to project Bangladesh's potentials in Malaysia. Highlighting achievements of the fair, he said two trade related Memorandum of Understanding (MOUs) on RMG products and electronic banking are among the significant achievements of the trade exposition. During the fair, he said, Malaysian minister of international trade and industry assured the delegation of Bangladesh government of eradicating trade barriers mutually. Moreover, Malaysian high commissioner in Dhaka has expressed his country's interest to invest in Bangladesh's tourism sector, said the BMCCI president. A list of 19 items of Bangladeshi products including jute goods, frozen foods and ceramics already handed over to the Malaysian government for ensuring duty free market access to Kuala Lumpur. Hossain said there are some trade barriers between Malaysia and Bangladesh and Bangladesh could raise its export to Malaysia one billion US dollar if the existing trade barriers with Kuala Lumpur are resolved Malaysia exported goods worth 694 million US dollar to Bangladesh last year while Bangladesh's export stood at only 31.28 million US dollar.