As part of their diversification efforts, Bangladeshi exporters ought to consider exploring the Kuwaiti market. Kuwait, an oil-rich Gulf nation, has become a significant destination for finished goods such as ready-made garments (RMG), newsprints, pharmaceuticals, and ceramics.
According to a press release, the State of Kuwait’s Ambassador to Bangladesh Faisal Mutlaq H Al Adwani during a reception on Monday celebrated the country’s 63rd National Day and 33rd Liberation Day at the Sheraton Hotel in the city.
Social Welfare Minister Dr Dipu Moni was present as the chief guest. Ministers, members of parliament, leading business leaders, top civil and military bureaucrats, diplomats and members of civil society attended the reception.
In his remarks, Faisal Mutlaq H. Al Adwani stated that Kuwait may be used by exporters from Bangladesh as the centre of the growing market in the Gulf. According to Faisal Mutlaq H Al Adwani, increased engagement between the two countries’ business chambers and ambitious entrepreneurs, along with a diversified export portfolio, could boost two-way trade earnings to over US $ 1 billion a year.
Bangladesh’s total exports to Kuwait during the July-December period stood at US $ 21 million and during July-June stood at US $ 40 million.
“As we reflect on our over five decades of cooperative relations between the State of Kuwait and the People’s Republic of Bangladesh, it is a matter of great satisfaction and pride to see that the relationship between the two countries has gradually evolved into a special relationship based on principles of respect, trust, fairness and equality,” stated Faisal Mutlaq H Al Adwani.
He further added, “Our fruitful and multi-dimensional relations are the manifestation of the time-tested collaborative relations that our two friendly countries enjoy.”
