Mizzima, 7 Oct 2009
Bangladesh has requested Burma to take the initiative to open letters of credit (LCs) with its commercial banks directly instead of going through any third country, officials in Dhaka said on Tuesday.
"We've requested our counterpart to encourage their exporters to take the initiative for opening LCs with commercial banks of Bangladesh directly rather through any third country," BB Senior Executive Director Khandakar Muzharul Haque told Mizzima after the meeting.
Currently, payments for foreign trade are settled between the two countries through a third country like Singapore or Thailand.
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