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FBCCI partners with Brazilian counterpart to boost trade

Staff Correspondent
04 Feb 2023 19:22:23 | Update: 04 Feb 2023 19:29:41
FBCCI partners with Brazilian counterpart to boost trade
— Courtesy Photo

A Memorandum of understanding (MoU) was inked between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Brazilian Trade and Investment Promotion Agency (APEXBRASIL) to boost bilateral trade ties.

FBCCI President Jashim Uddin and ApexBrasil Business Director Ana Paula Repezza inked the pact on behalf of their respective organisations at the headquarters of ApexBrasil in Brazil on Wednesday, read an FBCCI press release.

Bangladesh and Brazil will work together for further expansion of bilateral trade relations, while both sides will also support the industries under joint venture and joint collaboration, the release added.

As per the MoU, the FBCCI and ApexBrasil will exchange information about the economic development of the countries to usher possibilities for increasing trade and for the expansion of economic and industrial cooperation among the enterprises and organisations.

The organisations will cooperate in sharing best practices, information, knowledge, methodologies, and expertise on trade promotion and investment attraction.

Apart from this, they will share ideas and experiences in relation to supporting and facilitating the exchange between Small and Medium Enterprises (SMEs), startups, incubation centers, research institutes, investors and other relevant stakeholders of both the countries.

The countries will assist and facilitate visits of trade and economic delegations and will render maximum cooperation for establishing business contacts.

FBCCI president said the MoU was signed for recognising the immense possibilities of promoting economic and commercial cooperation between Bangladesh and Brazil and it will further bolster the bilateral trade relations.

Jashim Uddin invited his counterparts to join the Bangladesh Business Summit 2023 to be held in Dhaka from March 11 to March 13, marking the 50th anniversary of FBCCI.

Lauding the success of Bangladesh in the national and international arena, ApexBrasil President Jorge Viana hoped that the deal would deepen the economic relations between the two countries.

Commerce Ministry Senior Secretary Tapan Kanti Ghosh and Bangladesh Ambassador to Brazil Sadia Faizunnessa were also present at the signing ceremony.

Earlier, a six-member delegation including FBCCI president visited Brazil to expand the market of Bangladeshi products in the regional trade market under Mercosur.