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UAE wants deeper trade ties with Bangladesh

  • Diplomatic Correspondent
  • 16 November, 2021 12:00 AM
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United Arab Emirates (UAE) has expressed interest to strengthen economic relationship with Bangladesh.

UAE Assistant Minister for Economic and Trade Affairs Abdulnasser Al Shaali called for a joint business council between the two nations.

He said a joint business council would facilitate deeper bilateral economic and commercial ties between Bangladesh and the UAE.

Assistant Minister at the Ministry of Foreign Affairs and International Cooperation (MOFAIC) made the remarks at a meeting with President of Dhaka Chamber of Commerce and Industry (DCCI) Rizwan Rahman in Dhaka on Sunday.

Chargé d'Affaires of the UAE Embassy in Dhaka, Abdulla Ali AlHmoudi also attended the meeting, said a press release of the embassy issued on Monday.

“The establishment of a joint business council would facilitate broader and deeper engagement with both public and private sector stakeholders, especially in emerging sectors of mutual interest,” said the UAE assistant minister.

“Now is the right time to begin discussions on a closer partnership, especially as we work to overcome the fallout from Covid-19,” he said.

Abdulnasser Al Shaali commended Bangladesh’s extraordinary resilience and  growth, which “serves as a model for other countries.”

He further noted the importance of collective approaches to global issues such as food security in order to address any unforeseen supply chain disruptions, such as those that occurred during the Covid-19 pandemic.

DCCI president opined that the UAE could play a vital role in boosting the economic growth of Bangladesh by sharing technical know-how and transferring technology.

He thanked the UAE embassy in Dhaka for playing a proactive and catalytic role to enhance bilateral relations.

DCCI president said they would provide all-out support to the UAE businesses.

“As the most vibrant chamber of commerce of the country, DCCI will provide all the support needed to the UAE businesses,” Rizwan Rahman said.

UAE Chargé d'Affaires in Dhaka Abdulla Ali AlHmoudi said, “The bilateral relationship has historically been based on shared beliefs, mutual respect and meaningful cooperation, with both countries working together to cope with common challenges and support each other in the international setting.”

Abdulnasser Al Shaali arrived in Dhaka on November 14 leading a high-profile delegation to attend the 21st Council of Ministers (COM) meeting of Indian Ocean Rim Association (IORA). In addition to the IORA meetings, the delegation will attend the 5th UAE-Bangladesh Joint Committee Meeting.