Bangladesh, Singapore trade bodies sign 4 MoUs

FT ONLINE

Trade bodies and government agencies of Bangladesh and Singapore on Tuesday signed four Memorandum of Understandings (MoUs) for collaboration over ICT, trade and investment.

The signing ceremony was held at the opening programme of the Bangladesh-Singapore Business Forum 2018, which was jointly organised by International Enterprise Singapore, Singapore Business Federation and Bangladesh Business Chamber of Singapore (BDCham) at the Shangri-La Hotel in Singapore.

Prime Minister Sheikh Hasina witnessed the signing.

Of the four deals, the MoU on Collaboration of Investment Activities into Bangladesh was signed between Bangladesh Investment Development Authority (BIDA) and International Enterprise Singapore (IE Singapore).

BIDA Executive Chairman Kazi Aminul Islam and Acting CEO of IE Singapore Kathy Lai signed the deal on behalf of their respective sides.

According to the MoU, the two agencies will work together to facilitate the entry of Singaporean companies, including SMEs, into Bangladesh.

The second MoU on Digital leadership, Innovation and Digital Government Transformation was signed between ICT Division of Bangladesh and Institute of Systems Science of the National University of Singapore (NUS-ISS).

ICT Division Secretary Subir Kishore Choudhury and NUS-ISS CEO Khoong Chan Meng signed the deal on behalf of their respective parties.

As per the MoU, both parties will collaborate on developing and delivering capacity building programmes for public service officers in support of the Digital Bangladesh Vision 2021 Programme and provide advisory and consulting for relevant national projects and initiative.

Besides, a MoU was signed between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Singapore Manufacturing Federation (SMF) to strengthen business relations and promote economic cooperation. FBCCI President Mohammad Shafiul Islam and SMF President Douglas Foo signed the deal.

The remaining MoU was signed Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka and SMF to strengthen business relations and promote economic cooperation.

MCCI President Nihad Kabir and SMF President Douglas Foo signed the deal on behalf of their respective sides.