April 22, 2024, 12:47 pm

Diplomatic correspondent

2023-02-05 21:30:20 BdST

FBCCI partners with Brazilian counterpart to boost trade

A Memorandum of understanding (MoU) has been inked between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Brazilian Trade and Investment Promotion Agency (APEXBRASIL) at the headquarters of ApexBrasil in Brazil recently to boost bilateral trade relations.

FBCCI President Md Jashim Uddin and ApexBrasil Business Director Ana Paula Repezza inked the pact on behalf of their respective organisations, according to an FBCCI press release signed by Tanzid Basunia, head of Public Relations and Communications of the business organisation.

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

As per the deal, 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 the sharing of 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 to the other countries 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 to13 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.

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