FBCCI signs MoU with MEDEF International in Paris

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has signed a memorandum of understanding with MEDEF International at France-Bangladesh Business Council Meeting organised by MEDEF International and Embassy of Bangladesh in France on Wednesday.

FBCCI President Jashim Uddin and Jean Malgouyres, Chairman of the France – Bangladesh Business Council, MEDEF International, inked the deal.

Prime Minister Sheikh Hasina addressed the event virtually as chief guest, FBCCI said in a statement on Thursday.

Foreign Minister Dr AK Abdul Momen, Prime Minister’s Private Industry and Investment Advisor Salman F Rahman, and Bangladesh Ambassador to France Khondker M Talha were also present in the meeting.

Jashim Uddin said that Bangladesh attaches great importance to its existing cordial relations with France. The two countries have a long-lasting bilateral relationship.

He also mentioned that France is the fifth largest export destination of Bangladesh with rising trend with major export products like woven garments, knitwear, home textile and footwear. But there is the full potential of export items like plastic and light engineering products, frozen food, diversified jute & leather goods, ceramic etc. to France from Bangladesh.

The FBCCI chief said that the year of 2021 is a grand milestone as Bangladesh is celebrating three important occasions: The birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, nation’s 50 years of independence and as per prime minister’s dream all criteria set by UN has been fulfilled to graduate a developing country.

He said Bangladesh offers best competitive fiscal and non-fiscal incentives for investment. Manufacturers of Bangladesh are adopting greener technologies and modern productions methods aligned with 4IR and challenges of climate change. Among the world’s top 10 green RMG factories, the top 7 are located in Bangladesh.

To ensure inclusive growth, Bangladesh requires huge Foreign Direct Investment. Industrial enterprises of France particularly those, which are facing rising costs of their competitiveness, may find Bangladesh as an ideal destination for relocation their industry in Bangladesh, he added.

He hoped that the signing of MoU, would help further promoting cooperation between FBCCI and MEDEF for diversifying trade and expanding investment in an effective manner, it said.