Saturday, 23 October, 2021
E-paper

‘TIFA to boost trade, investment between Bangladesh, Australia’

  • Staff Correspondent
  • 12 October, 2021 12:00 AM
  • Print news
‘TIFA to boost trade, investment between Bangladesh, Australia’
Australian High Commissioner to Bangladesh Jeremy Bruer poses for a photo with leaders of CCCI at a hotel in Chattogram on Sunday.

CHATTOGRAM: Australian High Commissioner to Bangladesh Jeremy Bruer said the Trade and Investment Framework Agreement (TIFA) between Australia and Bangladesh would help increase trade and investment between the two countries.

The high commissioner said this while exchanging views with the top business leaders and industrial groups at a hotel in the port city on Sunday night.

He said Australia has been providing comprehensive assistance for economic development of Bangladesh since its independence.

Jeremy informed that various programmes would be taken by the High Commission marking the 50th anniversary of establishment of diplomatic relations between the two countries next year.

Pointing out the fall in trade between the two countries due to the Covid-19, he hoped for further trade growth and development of relationship in the coming days.

Praising the progress of the country's economy and the various initiatives taken by the present government to tackle the pandemic situation, the high commissioner assured all out support from his country for the prosperity and development of Bangladesh.

Chittagong Chamber of Commerce and Industry (CCCI) President Mahbubul Alam thanked the Australian government for the economic relations between the two countries and their role in socio-economic development of Bangladesh.

He observed that despite the huge potentials between the two countries, trade and investment have not reached the desired level.

Emphasising on the development of people-to-people relations, Mahbubul informed the high commissioner that the government's mega projects in greater Chattogram, especially the construction of Bay Terminal, would bring revolutionary changes in economy of Bangladesh.

The CCCI president also expected establishment of Australian Economic Zone and investment at the Bangabandhu Shilpanagar.

Mahbubul informed about the Bangladesh Centre of Excellence established through an initiative of the Chittagong Chamber and requested for launching activities of Australian Standard Technical Training Centre and joint research.

He also called for celebrating the 50th anniversary of establishment of relations between the two countries in Chattogram jointly with the chamber.

CCCI Senior Vice President Tarafdar Md Ruhul Amin, Chattogram Metropolitan Chamber of Commerce and Industry First Vice President Shawkat Ali Chowdhury, BSM Group Chairman Abul Bashar Chowdhury, Abul Khair Group Director Shah Shafiqul Islam, Sun Shine Grammar School and College Principal Safia Ghazi Rahman and Australian High Commission Second Secretary Duncan McCullough were present at the meeting among others.