The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Sheikh Fazle Fahim on Thursday said that construction materials such as cement and steel can be exported to Maldives.
The FBCCI President made the comment during a meeting with Economic Development Minister of Maldives Fayyaz Ismail at a city hotel.Fayyaz Ismail was visiting Dhaka with the President of the Maldives Ibrahim Mohamed Solih on the occasion of Bangladesh’s Golden Jubilee of Independence and Mujib Year.
The Meeting discussion was focused on Bangladesh’s current position in terms of socio-economic condition in respect to the challenges created by the COVID-19 pandemic as well as opportunities, role and capacity of the private sector of Bangladesh after LDC graduation.
Citing FBCCI’s continued advocacy for establishment of Direct Bangladesh-Maldives Shipping Line for further expansion of trade and investment, Sheikh Fahim said Bangladesh’s highly competitive essential and premium products have potential for export to Maldives. He named some products including FMCG, durable consumer goods, processed food, frozen food, vegetable, livestock, poultry, home appliances, pharmaceuticals, mobility motorbike etc.
FBCCI president also proposed to explore Bilateral Value Chain Initiative (BVCI) through joint ventures with Maldives utilizing Bangladesh’s production competitive edge and global market access opportunities.
The FBCCI president also requested Maldives’ knowledge transfer in the hospitality sector of Bangladesh in creating expertise and branding Bangladesh as a destination for global travellers.
Fayyaz Ismail, Minister of Economic Development of Maldives expressed his interest to work on more state own enterprises cooperation and public-private sector engagements for bilateral interest for global engagements between the two countries.The Maldives minister also talked about visiting Bangladesh again with a business delegation in the coming months for more concrete sectoral collaboration.
Sheikh Fazle Fahim apprised Fayyaz Ismail of Bangladesh Government’s initiatives including fiscal and non-fiscal measures to support supply chain, transport, logistics, production, export-import, retail, agriculture, improving liquidity and money supply, grants for MSMEs, food aid, cash transfer, inclusive policy for the informal sector towards the formal etc supporting the economy sustain in 2020 and move towards recovery in 2021 and 2022 to pre Covid19 trajectory.