Cooperation on a transshipment hub would be beneficial to Bangladesh because of the reduction of time and nautical miles, a Bangladeshi newspaper reported.
Sri Lanka’s investment in Bangladesh is around $2.5 billion. About 110 Sri Lankan companies are operating in Bangladesh. The annual bilateral trade volume is now around $200 million.
Sri Lanka is keen on a preferential trade agreement with Bangladesh and is happy that technical negotiations have commenced and are proceeding, Peiris said.
ALCHEMPro News Desk (DS)
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