Kosovo keen to make joint investments

Kosovo is keen to make joint investments with Bangladesh, said Kreshnik Ahmeti, deputy foreign minister of the Southeast European country.

He expressed his willingness in a meeting with Commerce Minister Tipu Munshi at the secretariat yesterday.

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Ahmeti is now visiting Bangladesh and leading a delegation of Kosovo.

He said trade and investment between the two countries will increase if the protection of investment is ensured, agreements among trade bodies of both countries are signed and joint committees are formed apart from increasing business facilities.

Ahmeti said establishing contact between the businessmen of the two countries will create opportunities for trade and commerce.

Trade between the two countries will increase if the complexities in the customs duty of goods are removed, he added.

Addressing the meeting, Tipu Munshi said Bangladesh is setting up 100 special economic zones at important places in the country to generate domestic and foreign investment, many of which are now in the final stages.

"Kosovo will benefit from investing here. There are huge opportunities and potential for increasing trade between the two countries."

Munshi then said the Bangladesh government has announced several special facilities for foreign investment.

"Duty-free facility is being provided for investment in certain sectors and special economic zones for up to 10 years," he added.

In the 2021-2022 fiscal year, Bangladesh exported goods worth only $0.74 million to Kosovo while no goods were imported from the country during the same period, according to a press release from the commerce ministry.