Dhaka, Prague sign deal to boost trade

23 May, 2019 12:00 AM printer

Bangladesh and Czech Republic have signed trade promotion and economic cooperation agreement to strengthen bilateral trade and economic activities through forming a joint commission.

Commerce Minister Tipu Munshi and Czech Republic’s Industries and Commerce Minister Karel Havlicek penned the agreement in Prague, said a ministry release on Wednesday, reports BSS.

As member of European Countries, Czech Republic has a good economic relation with Bangladesh and turnover of bilateral trade in last fiscal exceeded $ 500 million, and trade was in favor of Bangladesh.

At a bilateral meeting before the signing ceremony, the Czech Republic minister lauded the leadership of Prime Minister Sheikh Hasina, and expressed his countries keenness to increase cooperation in the fields of power generation, education and training, ICT, jute and other sectors.

Highlighting Bangladesh’s attractive features for foreign direct investment (FDI), Tipu Munshi said the country is most suitable place for investment in the South Asia.

He invited the businessmen of Czech Republic to come forward with investment in Bangladesh. “You (businessmen) would be benefitted through investing in Bangladesh due to duty-free export facilities in EU, skilled manpower, local market and other facilities,” the minister said.

The commerce minister also met with Czech chamber of commerce president Vladimir Dlouhy.