WAM: Bangladesh is keen to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two thirds and pave the way for exponential growth in bilateral trade, a top Bangladeshi diplomat told the Emirates News Agency (WAM).
AK Abdul Momen, Foreign Minister of Bangladesh, who is on a four-day official visit to the UAE, added that Bangladesh is keen to utilise the UAE’s expertise in port management for the operation of major seaports in the country.
In an exclusive interview with WAM at the Bangladeshi Embassy in Abu Dhabi, Momen said, “We always look for better connectivity in South Asia and with other parts of the world because connectivity means productivity.”
He pointed out that ship traffic between Bangladesh and the UAE is currently routed through ports in Singapore and Ceylon, Sri Lanka, which takes around 40 to 42 days. A direct shipping line will help reduce it by two thirds to around 14 days, resulting in a leap in bilateral trade volumes.
The bilateral trade between two countries in 2021 stood at US$1.8 billion, he revealed, saying that a direct shipping line would help multiply it several times.