New gateway of business to open with Kyrgyztan

Washim Mia, Staff Correspondent: Kyrgyzstan wants Bangladeshi apparel manufacturers to set up readymade garment factories there and has even invited businessmen for joint investment in developing the sector.

Honorary Consul of Bangladesh in the Kyrgyz Republic, Temirbek Erkinov met with the President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Md. Siddiqur Rahman at the BGMEA office on Monday, 8 January 2018.

Photo: BGMEA

At the meeting, they had discussion on different bilateral issues, including possible scope of trade cooperation between the two countries. They expressed their keen interest to each other in terms of expanding business.

They both expected that it would create a new gateway of business between the two countries.  

The BGMEA President informed the Honorary Consul about the development and prospects of the garment industry in Bangladesh, and urged the Kyrgyz businessmen to import more apparel from Bangladesh.

Temirbek Erkinov called on Bangladeshi entrepreneurs for making mutual investment in different emerging sectors, including apparel industry in Kyrgyzstan.

Mr. Erkinov said, “The Kyrgyz government will provide land, gas and other infrastructural facilities to Bangladeshi investors”.

“In case of mutual investment, the Kyrgyz government will facilitate easy loan for the Bangladeshi investors who will also be able to take workforce from Bangladesh if they want. A business delegation from Bangladesh will be invited by the Kyrgyz Republic to visit Kyrgyzstan very soon”, he added.

A business delegation of BGMEA is expected pay visit to the country in March/April.

It may be mentioned that Bangladesh exported total amount of US $0.04 million to Kyrgyzstan in 2016-17 and imported the amount of US $0.09 million in 2015-2016.

The principal export products of Bangladesh to Kyrgyz are woven garments, knitwear and home textile etc. The import items from Kyrgyz include textiles, textile articles, glass and glassware etc.