International Chamber of Commerce Bangladesh (ICCB) President Mahbubur Rahman on Thursday said Bangladesh has become one of Asia’s most remarkable success stories in recent past.
“Bangladesh is an important market for trade finance within Asia and the Pacific. To remain competitive in today’s changing environment, both clients and financial institutions have to streamline their trade activities,” he said, reports BSS.The ICCB president was speaking at the closing ceremony of ICC Workshop on ‘Trade Finance and Best Practices in Demand Guarantees,’ organized by ICC Bangladesh, at a hotel in the city, said a press release.
The international trade volume of Bangladesh was US$21 billion in 2005 and the amount went up to more than $95 billion in 2018, Mahbubur Rahman added. Rahman cautioned that with the growing business complexities, technological changes, market expectations and financial crimes, trade services are becoming increasingly challenging for banks and financial institutions of our country, similar to the other trading nations.