DHAKA, Aug 24 2023 (BSS) - Foreign Minister has expressed keen interest to 
buy LNG from Algeria to meets Bangladesh's growing demand of energy due to 
the country's economic expansion. 

He made the remarks while Algerian finance minister and Head of Algerian 
delegation to BRICS Outreach Forum Laaziz FAID paid a courtesy call on him in 
Johannesburg on Wednesday, a press release said here today.

In response to selling LNG to Bangladesh, the Algerian Minister said he would 
take up the issue with the concerned stakeholders. 

Highlighting that Bangladeshi pharmaceuticals exports to more than 100 
countries, the foreign minister suggested that Algeria can import the best 
quality pharmaceutical products from Bangladesh at a reasonably low price. 

Both countries may also start a joint venture on pharmaceuticals, Momen said. 

The foreign minister also proposed cooperation in IT and ICT sectors, 
defence, construction sectors, edible oil, and agriculture. 

Dr Momen informed the long historical relations between both countries, which 
was pioneered by our Father of the Nation Bangabandhu Sheikh Mujibur Rahman 
and expressed satisfaction at the state of excellent bilateral relations 
between Bangladesh and Algeria. 

The Algerian Finance Minister reiterated the NAM Summit of 1973 and defined 
BRICS as a fruit of NAM.

Both the ministers agreed that despite excellent relations there are still 
huge untapped prospects between the countries. 

Momen requested Algerian Finance Minister to exhilarate the process of 
completing the Agreement on 'Reciprocal bilateral promotion and protection of 
investment' and 'Avoidance of double taxation'. 

He stressed the need for expanding cooperation in the new and emerging areas 
through a time-bound and target-oriented roadmap and expediting pending 
agreements, MOUs, and new areas of collaboration. 

The Algerian Foreign Minister agreed to conclude those agreements as soon as 
possible.