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Australia as Bangladesh vow to enhance trade as foreign ministers fulfill in Dhaka

Australia as Bangladesh vow to boost trade as foreign ministers meet in Dhaka

DHAKA, Bangladesh (AP) — Australia and Bangladesh on Tuesday stated that the 2 nations would work to broaden trade and cooperation on locations consisting of security and the Rohingya refugee crisis.

The declarations came as Australian Foreign Minister Cent Wong gotten here in Bangladesh’s capital on a two-day go to and held talks with Prime Minister Sheikh Hasina and Foreign Minister Hasan Mahmud.

In a rundown with Mahmud after the talks, Wong stated that Australia aspired to support Bangladesh as it finishes from least industrialized nation status at the World Trade Company to establishing in 2026.

“We share an area. We share an ocean and we share a future … we are identified to do what we can to deal with you and other partners to ensure the area is tranquil, steady and thriving,” she stated.

Wong’s go to, her very first to Bangladesh, is focused on boosting Australia’s “engagement with the Indian Ocean area,” a press declaration from the Australian Foreign Ministry stated.

“Australia is dealing with Bangladesh to deepen our cooperation, consisting of on trade and financial investment, and to discover useful options to shared difficulties such as environment modification, local maritime security and individuals smuggling,” the declaration stated.

Trade relations in between Bangladesh and Australia are broadening. The 2 countries signed a Trade and Financial investment Structure Plan together in 2021, and two-way trade in between Australia and Bangladesh now stands at more than $2.67 billion, up from about $200 million a years back.

Bangladesh’s Foreign Minister Mahmud called the growing trade volume “remarkable” and stated that the ministers had actually gone over a variety of problems consisting of human trafficking.

Wong stated that the continuous humanitarian crises in Bangladesh and Myanmar are the biggest and most complicated in the area. Australia frequently applauds Bangladesh’s “kindness” in hosting more than 1 million Rohingya refugees displaced from Myanmar.

“Australia will continue to match our humanitarian support for the Rohingya crisis with our efforts in promoting for responsibility for the atrocities in Rakhine State; and dealing with Myanmar, Bangladesh and other local and global partners to discover a resilient service to the crisis,” the Australian Foreign Ministry stated in the declaration.

Wong is arranged to check out the vast Rohingya refugees camps in Bangladesh’s Cox’s Bazar district before she flies to Singapore on Wednesday.

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