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Related Keywords: demand imposition of twenty five percent RD, DTRE, free market mechanism, import of subsidised fine count cotton yarn, imports under the duty and tax remission for export system, lower interest rate, manufacturing bond, MCCI, Multan Chamber of Commerce and Industry, particulary from India, Strategic Trade Policy framework

Addressing a press conference here on Sunday, Khawaja Muhammad Usman a spokesman for Multan Chamber of Commerce and Industry (MCCI) categorically denied the claim of the commerce minister that APTMA was asking for removal of the duty. In fact, Usman has demanded imposition of 25 percent regulatory duty on the import of subsidised fine count cotton yarn, particularly from India.

Related Keywords: attract foreign investment, attract Thai entrepreneurs, Bangladesh, bilateral trade, cheap labour, cost competitive, duty and quote free market, exploit business potential, export woven, grab local and global market, incentive package, knitted products, MCCI, promising sectors for investment, strategic location, textile and garment sector

Bangladesh has numerous promising sectors for investment due to its cost competitiveness, strategic location and the incentive packages offered by the government. This has attracted Thai entrepreneurs to invest in the country and exploit its colossal business potential for which Thai entrepreneurs are in talks with some of the Bangladeshi businessmen.

Chokedee Kaewsang, deputy secretary general of Thailand Board of Investment said that as part of the efforts, they held a discussion with the leaders of the Metropolitan Chamber of Commerce and Industry (MCCI) in Dhaka.