FBCCI to cement trade ties with Brazil

The country’s apex trade body FBCCI is keen to develop trade relations with Brazil—the largest economy in Latin America.

To this end, it has signed two Memoranda of Understanding with the Rio de Janeiro Chamber of Commerce and Industry and the Sao Paulo Chamber of Commerce; two of the country’s most influential trade organisations, said the FBCCI in a statement.

FBCCI President Md Jashim Uddin signed the MoU during the visit to Brazil. State Minister for Foreign Affairs Md Shahriar Alam attended the signing ceremony.

The signing between Rio de Janeiro Chamber of Commerce and Industry and FBCCI took place in Rio de Janeiro, the second capital of Brazil on July 20 and Sao Paulo Chamber of Commerce inked the MoU in Sao Paulo-the port city of the Country on July 21.

Earlier, the FBCCI president has had meetings with Apex Brazil- Country’s Trade and Investment Development Agency and the main industry representative organization National Industry Confederation (CNI). Issues related to bilateral trade and investment potentials, challenges, and the way forward were discussed in these meetings.

Jashim Uddin hoped the visit will facilitate exchange of delegations in future and bolster bilateral trade relations.

“Bangladesh now needs to explore and expand new markets; diversification of export basket and new sources for import has become essential. Therefore, establishing trade ties with Brazil, the 10th largest economy of the world will add new dimensions to Bangladesh’s export earnings, as well as help expand its footstep in other countries of South America,” he said.