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BCCCI, CEAB to work together to cement trade ties with China

TBP Desk
26 Sep 2022 00:00:00 | Update: 26 Sep 2022 00:49:04
BCCCI, CEAB to work together to cement trade ties with China
Representatives from BCCCI and CEAB exchange documents after signing the MoU at Bangabandhu Bangladesh-China Friendship Exhibition Center, Purbachal, Dhaka on Saturday – Courtesy Photo

Bangladesh China Chamber of Commerce & Industry (BCCCI) signed a Memorandum of Understanding (MoU)  with the Chinese Enterprises Association in Bangladesh (CEAB) in a bid to enhance trade and economic relations by working cooperatively.

The MoU was signed at Bangabandhu Bangladesh-China Friendship Exhibition Center, Purbachal, Dhaka on September 24, said the statement.

State Minister for Planning Dr Shamsul Alam, Chinese Ambassador to Bangladesh Mr Li Jiming, former Bangladesh Ambassador to China Mahbub Uz Zaman, , BCCCI President Gazi Golum Murtoza CEAB President Ke Changlian were present in the MoU signing ceremony.

The MoU stipulated to remain valid initially for one year, was initiated by Mr Al Mamun Mridha, Acting General of BCCCI and Mr Han Jingchao, Vice President of CEAB on behalf of their respective organizations. 

The areas of cooperation would include, but are not limited to, enhancing communication and cooperation between the two organizations, devote themselves to build the much expected Sonar Bangla (Golden Bangladesh) at the earliest time, and promote the Belt and Road Initiative (BRI) of China, development, to build a trade relationship that extends businesses and facilitating business in addition to promoting cultural exchange, friendship and commerce between each member enterprises, to form a Joint Task Force (JTF) and incorporate a joint forum to be able to exchange views and ideas, to address the existing and potential trade disputes occurred among enterprises, to carry out regular dialogue at committee member levels.

Moreover, to exchange views on Visa Processing, Bank Risk Management, Establishment of Chinese Bank in Bangladesh, Free Trade Zone, Legal Consulting, Dispute Settlement, Investor Promotion, Publicity, Member Management and other affairs are also included in the MoU.

The other key areas of cooperation include enhancing communication with the related Departments of Bangladesh Government, Chinese Embassy to Bangladesh, and other Government bodies, enhancing  the interaction with other domestic and foreign Chambers of commerce or associations or organizations and trade bodies, ensure the management and supervision of the members of the two organizations to understand, abide and be bound by the related laws and regulations, inviting each other to attend related forums, events and activities etc.