The Thai government has expressed interest in putting in place a free trade agreement with Bangladesh as soon as possible.

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The two countries, during a recent series of meetings, emphasized on FTA for greater business opportunities.

A 50-member delegation from Bangladesh just concluded a bilateral visit to Thailand, organized jointly by Bangladesh Thai Chamber of Commerce and Industry (BTCCI), Ministry of Commerce of Thailand along with the Ministry of Foreign Affairs of Thailand and the Royal Thai Embassy in Bangladesh.

Bangladesh and Thailand are interested to explore new avenues of cooperation in blue economy, electronic vehicle assembly and ecosystem management, technical textiles, data-driven modern agriculture, light engineering, halal industry, value added food processing etc.

Policy support for SME industries in Bangladesh along with ESG compliance were also discussed for collaboration.

During these bilateral discussions between the private sector and government representatives, a host of new avenues for closer cooperation were discussed.

The largest ever business to business matchmaking event took place in Bangkok with more than 100 Thai businesses taking part in the event, said BTCCI on Wednesday.

Over 145 contracts were exchanged during this event between the business delegations.

Shams Mahmud, President of BTCCI, who led the delegation along with the Board of Directors and Makawadee Sumitmor, Ambassador of the Royal Thai Embassy in Bangladesh, called on the Adviser to the Prime Minister of Thailand and Thailand Trade Representative Dr. Nalinee Taveesin, Permanent Secretary of the Ministry of Foreign Affairs Sarun Charoensuwan, Secretary of the Minister of Industry Dr. Pailin Teansuwa and Ekachat Seetavorarat, Deputy Permanent Secretary of the Ministry of Commerce.

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During the visit, the delegates also visited the factories of Econowatt Waste Water Management, Lighting and Equipment Public Company Limited (L&E), Kubota Farm and Penn Asia Co., Ltd. (Dry Dye Technology).

BTCCI has planned a host of events in the coming year to take targeted sector trade delegation visits and explore new ways to enhance future trade and cooperation between the private sectors of both Thailand and Bangladesh.