“Trade and investments show vast potential for expansion and can be an important cornerstone of Philippines-Bangladesh relations as our economies develop. It is vital, therefore, that we open more avenues for cooperation and exchange, especially in trade in goods and services,” Ambassador Bandillo told the Minister.

Minister Munshi welcomed the Ambassador’s initiative to improve trade relations and invited the Philippines to import Bangladeshi-made pharmaceuticals and agro-products. Ministry officials also acknowledged the success of the Philippines in developing its Business Process Outsourcing industry and the competitiveness of Filipino IT professionals.

Minister Munshi said that bilateral trade has the potential to increase and that the Bangladeshi government will take necessary measures to this end. Ambassador Bandillo expressed appreciation to the Ministry officials and expressed that visits of business delegations to each other’s countries are important ways of strengthening the economic part of bilateral relations. END.