Dhaka, April 30 -- Bangladesh's economic engagement with Australia has been growing substantially over the years and currently stands at over $5 billion, said M Maksud, newly elected president of the Australia-Bangladesh Chamber of Commerce and Industry (ABCCI).

He made the remarks while speaking at a business networking session at a city hotel on Wednesday evening, says a media statement.

The expansion of economic ties over the years has made Bangladesh the 22nd largest export destination for the Asia-Pacific region.

He noted that the trade balance currently favours Australia and suggested that Bangladesh could reduce the gap by attracting more Australian investment.

Mr Maksud said the new government will leave no stone unturned in i...