Bangladesh, Brunei for comprehensive partnership in energy sector

Bandar Seri Begawan: Bangladesh and Brunei today issued a joint statement agreeing to explore the possibility of comprehensive collaboration in energy sector as Prime Minister Sheikh Hasina wrapped up her three-day visit to the Southeast Asian kingdom.

‘Given the growing demand of energy in Bangladesh to support the rapid economic growth, both sides agreed to explore the possibility of comprehensive collaboration in the energy sector via a Government-to-Government (G2G) arrangement including liquefied natural gas (LNG) supply to Bangladesh,’ the joint statement said, reports the UNB.

It said the Bangladesh premier and Brunei Sultan Haji Hassanal Bolkiah also agreed for public and private sector engagements of the two countries to explore collaboration in areas like investments and trade in petro-chemicals, offshore oil and gas exploration, technical collaboration, and capacity building.

Sheikh Hasina is set to return home later today ending her official visit to Brunei Darussalam at invitation of Sultan Bolkiah coinciding with the 35th anniversary of bilateral ties.

According to the statement the two leaders recognised the potential for investments and will encourage the promotion of reciprocal investments between the two countries in their mutual interest, particularly in sectors such as food processing, energy, ICT, ship-building, manufacturing, tourism infrastructure, blue economy and the jute industry.

Brunei Darussalam expressed interest to explore participation in the global ‘halal food market’ by taking advantage of the special economic zones of Bangladesh and the proven expertise of Brunei in halal food industry.

‘Both sides will, subject to mutual agreement and capacity requirement, further strengthen cooperation in the health sector such as training and recruitment of healthcare professionals, manufacturing and trade in pharmaceuticals, as well as collaboration in specialised healthcare services,’ the statement read.

The countries encouraged closer cooperation among the financial institutions of the two countries to enhance the operation of financial services for effective facilitation of bilateral trade and exchanges.