The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has signed a Memorandum of Understanding (MoU) with Dubai International Chamber to enhance trade and investment between UAE and Bangladesh.
The signing ceremony was held at the Leadership Pavilion of Expo 2020 on Tuesday in the presence of the Prime Minister of Bangladesh Sheikh Hasina and the Prime Minister of United Arab Emirates Mohammed bin Rashid Al Maktoum, said a press release on Wednesday.
FBCCI President Md Jashim Uddin and Chairman of the Dubai International Chamber Sultan Ahmed bin Suleiman signed the MoU on behalf of their organizations.
The FBCCI president said Dubai and Bangladesh could complement each other in enhancing bilateral trade. Bangladesh ports and logistics sectors have immense potential for entrepreneurs of Dubai. They can boost their export to other south Asian countries by investing in Bangladesh.
Meanwhile, by strengthening trade relations with Dubai, Bangladesh can access to CIS countries and African markets. FBCCI President Md Jashim Uddin hopes that the memorandum signed between the FBCCI and the Dubai International Chamber will play an effective role in harnessing these potentials.
Three more MoU’s were signed at the ceremony - aiming to boost bilateral cooperation between the two countries, reports UNB.
Those are MoU on Cooperation in Higher Education & Scientific Research between Bangladesh and UAE, MoU on cooperation between Bangladesh Institute of International and Strategic Studies (BIISS) and the Emirates Centre for Strategic Studies and Research (ECSSR), and MoU on Cooperation between the foreign services academies of the two countries.
Sheikh Hasina arrived in UAE on Monday on a five-day official visit to the Gulf country at the invitation of UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum.
