Dhaka, Jakarta sign MoU on energy, health cooperation

Bangladesh and Indonesia have signed memorandum of understanding (MoU) on cooperation between the two countries in the energy sector. 

A separate bilateral MoU on agricultural cooperation between the two countries was also signed.  

Foreign Minister Dr AK Abdul Momen and his Indonesian counterpart Retno Marsudi in Jakarta signed the MoUs on Monday.

Bangladesh urged Indonesia to ease the market access for Bangladeshi readymade garment products in Indonesia.  While the energy-sector MoU aims at promoting long-term sale and delivery of the conventional form of energy to and developing new and renewable energy sources and power plants in Bangladesh, the agriculture one is intended to foster collaboration in producing, marketing, promoting technology transfer and exchange of best practices in the field of agriculture, said the Ministry of Foreign Affairs on Tuesday. 

Expressing his satisfaction over the recent increase in bilateral trade volume between the two countries surpassing three-billion-dollar mark, Dr Momen noted the stark imbalance between Bangladesh’s import and export volumes. 

The gap can only be reduced by promoting export of Bangladeshi products to the Indonesian markets especially the ones that Bangladesh has competitive advantage in, he said. 

Recognizing Indonesia as an important trade partner of Bangladesh in the ASEAN region, minister Momen said that there were great potentials to further enhance bilateral trade and investment, given the complementary strengths and resources. 

He expressed his hope that the bilateral Preferential Trade Agreement between the two countries would be finalized soon.

The two foreign ministers discussed various aspects of bilateral relationship between the two countries including cooperation in trade and investment and collaboration between the two countries in the international forums, Bangladesh’s bid to become a sectoral dialogue partner of ASEAN and the issue of the repatriation of the forcible displaced Myanmar nationals (the Rohingyas) temporality sheltered in Bangladesh.