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Tofail for more Singaporean investments in EZs

DHAKA, Nov 13, 2017 (BSS) - Seeking more Singaporean investments in Bangladesh's Economic Zones, (EZ) Commerce Minister Tofail Ahmed said the government allows hundred percent foreign investments in EZs.

"Singaporean entrepreneurs can invest in the Economic Zones. The
government now allows hundred percent foreign investments in the country's EZs," Tofail told High Commissioner of Singapore in Dhaka Derek Loh when he called on him at his secretariat here today.

During the meeting, they discussed matters related to development of bilateral trade, said a media release.

The high commissioner requested the commerce minister for renewal of double tax related matters of the Singaporean investors. Tofail assured him of looking into the matter.

Tofail said Bangladesh imports goods worth US$2.5 billion from Singapore against its export of US$325 million. He urged the high commissioner to play a role in bringing down duty/tariff to zero for boosting bilateral trade.