Singapore firms urged to look to Bangladesh market

Bangladeshi Prime Minister Sheikh Hasina with Prime Minister Lee Hsien Loong at the Istana on March 12, 2018.
Bangladeshi Prime Minister Sheikh Hasina with Prime Minister Lee Hsien Loong at the Istana on March 12, 2018. PHOTO: EPA-EFE

Bangladesh and Singapore complement each other and should do more together, the countries' leaders said yesterday, as they urged companies here to look to the fast-growing market in Bangladesh.

Bangladeshi Prime Minister Sheikh Hasina - in town for her first official visit - said that Singapore, with its capital and know-how, and Bangladesh, which has a sizeable workforce, can harness these comparative advantages to their mutual benefit.

Two pacts to boost air connectivity and make it easier for Singapore companies to enter Bangladesh were signed yesterday. And four more agreements on technological business cooperation will be inked today at the Bangladesh-Singapore Business Forum.

This slew of agreements, said Prime Minister Lee Hsien Loong, will signal to businesses that the relations between the two countries are good, and "the winds are favourable for their ventures".

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A version of this article appeared in the print edition of The Straits Times on March 13, 2018, with the headline 'Singapore firms urged to look to Bangladesh market'. Print Edition | Subscribe