Sri Lanka offered Bangladesh to use seaport at Hambantota which will be helpful for us, Bangladesh Finance Minister A. M. A Muhitha said.
"Let's explore the benefit since Hambantota port users wouldn't need to go inside the Colombo. That will help save time at,” the Bangladesh Minister said at the conclusion of the fourth round of Bangladesh-Sri Lanka Joint Economic Commission (JEC) meeting ended in Dhaka Thursday with a call to further expanding cooperation between the two nations.
During the Joint Commission both the sides agreed that there was much scope to enhance bilateral relations in various fields.
Finance Minister AMA Muhith led the Banladesh team while Minister for Industry and Commerce Rishad Bathiyutheen led the Sri Lankan team.
Expressing hope of much better cooperation among the two countries in future the Bangladesh Finance Minister said despite 30 years of troubles Sri Lanka has done well in economic and human development.
"Sri Lankan resilience power has increased as high that the Wall Street crash couldn't even touch it," he said.
Minister Rishad Bathiyutheen said the two counties maintain very friendly relations. He urged Bangladesh businesses to invest in Sri Lanka and enjoy various facilities offered by his government. He said during the meeting the two sides have agreed to further enhance bilateral trade and cooperation in the fields of commerce, industry, agriculture, shipping, civil aviation and tourism, ICT, and education.
Minister said the bilateral trade between the two nations is only US$71 million which can be increased manifold.
He also requested Bangladesh business community for joint venture investment in pharmaceuticals, textile, apparel, ICT and hospitality industry.
The next round of Joint Economic Commission will be held in Colombo at a date to be set later.
During the visit of President Mahinda Rajapaksa in April last year, the two countries recognized that the Joint Economic Commission was an effective mechanism to further boost bilateral cooperation.