Tuesday, 30 November, 2021

FBCCI keen to sign MoU with Spanish trade body

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin expressed his keenness to sign a Memorandum of Understanding (MoU) with the apex Spanish trade body to boost bilateral trade.

"In order to strengthen trade relations, it is important to develop relations between the businessmen of the two countries. Therefore, the exchange of business information will be easier if the FBCCI has a MoU with the Spanish apex trade body," he said.

The FBCCI president said this while meeting with Spanish Ambassador to Bangladesh Francisco de Asis Benitez Salas at FBCCI in the city, said a press release.

In his speech, Francisco de Assis Benitez Salas said although there is a huge potential to increase trade in Bangladesh, only a handful of Spanish companies are doing business in Bangladesh.

"It is possible to increase this amount further. But for that, Bangladesh has to be introduced to the Spanish entrepreneurs," he said.

He said Spain opened a commercial wing in 2018 to strengthen trade ties.

Jashim Uddin said a draft MoU would be sent to the Spanish embassy soon.

He said Bangladesh is an attractive destination for foreign investors not only for exports but also for the huge domestic market.

Announcing the establishment of 100 economic zones across the country, the FBCCI president said, like China, Japan, Korea and India, Spain could take a dedicated economic zone to set up factories.