Algeria wants to boost trade with Bangladesh

Algerian Chamber of Commerce and Industry has expressed its keen interest to sign a Memorandum of Understanding (MoU) with The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to increase trade and investment opportunities between the two countries.

Algerian Ambassador in Dhaka Rabah Larbi expressed the interest during a courtesy call on FBCCI President Jashim Uddin at FBCCI office on Wednesday. Rabah Larbi said Algeria has a huge potential market for manmade filaments, glass and ceramics, leather goods, and electronics. Therefore, a MoU between the Algerian Chamber of Commerce and Industry and the FBCCI could be mutually beneficial.

Responding positively to the proposal, Jashim Uddin said that trade associations of more than 50 countries of the world have signed about 150 MoUs with FBCCI.

“An agreement with the Algerian trade body would increase trade and investment opportunities between the two countries,” he added.

Algeria is an African country interested in increasing trade with Bangladesh. At present the country imports jute and jute products, oven and knitwear, home textiles and footwear from Bangladesh.

Apart from this, the country also imports huge quantity of consumer goods, cereals, dairy products, plastics, medicines every year from global market.