Philippines wants to import pharmaceutical products from Bangladesh
Wednesday, 23 January 2019
The Philippines has expressed its interest to import pharmaceutical products from Bangladesh and to invest in the fields of electrical appliances, agro-food processing and leather in the country.
Commerce Minister Tipu Munshi gave the information after a meeting with the Philippines Ambassador to Bangladesh Vicente Vivencio T Bandillo at his secretariat office on Wednesday, reports BSS.
The minister informed that currently the export volume of Bangladeshi pharmaceuticals has stood worth $ 7 million.
"But Dhaka has the enormous potentiality to boost the exports in this sector and the government would take necessary measures to this end,” Tipu Mushi said.
In fiscal 2017-18, Bangladesh exported to the Philippines products worth $ 47.04 million against the import of worth $ 8.07 million.
“Both the countries are eager to boost bilateral trade,” said the commerce minister.
Commerce Secretary M Mofizul Islam was also present.