Bangladesh-Thailand in Multi-Billion Trade Boom?


An agreement established between Thailand and Bangladesh to create direct coastal shipping routes between both countries could result in annual trade volumes quadrupling to a total cost of US$4.8 billion, and is anticipated to cut sailing times down to six days from a prior length of two weeks via Singapore, according to Reuters.

Rashed Maksud Khan, President of the Bangladesh-Thai Chamber of Commerce and industries, said: “The annual trade volume of Bangladesh and Thailand will be increased four times to $4.8 billion by [the] next five years if both countries can establish direct coastal shipping links by the end of the year.”

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Prajak Sriwatthana of the Thai Port Authority, said: “Once a direct coastal sipping link will be established between Chittagong and Ranong of Thailand, then it will take only six days.”

It was previously reported that Bangaldesh may drop an $8 billion port project in favour of another port project in Matarbari.

Matarbari was said to be extremely important because of its connection with China’s ‘One Belt, One Road’ project.

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