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Dhaka, Casablanca to enhance trade ties

  • Diplomatic Correspondent
  • 12 March, 2022 12:00 AM
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Dhaka, Casablanca to enhance trade ties
State Minister for Foreign Affairs Md Shahriar Alam along with the members of a business delegation and Bangladesh Ambassador to Morocco Md Shahdat Hossain poses for a photograph during his visit to the General Confederation of Moroccan Enterprises (CGEM) in Casablanca, Morocco on Wednesday. —SUN PHOTO

State Minister for Foreign Affairs Md Shahriar Alam has visited the General Confederation of Moroccan Enterprises (CGEM) in Casablanca, Morocco. 

The state minister was accompanied by a business delegation from Bangladesh and Bangladesh Ambassador to Morocco Md Shahdat Hossain during the visit on Wednesday. CGEM´s President Chakib Ali received the Bangladesh delegation.

They had in-depth discussion about enhancing trade relations between the two countries, said the foreign ministry on Friday.

Md Shahriar Alam stated that Bangladesh has made huge strides in the socio-economic sectors during the last decade and maintained a robust economic growth and invited the Moroccan investors to invest in Bangladesh taking the attractive incentives of the Government of Bangladesh offers to the foreign investors.

He underscored the need for institutional cooperation between Bangladesh and Morocco to promote trade and business and also urged the business communities of both the countries to make formal agreements in this regard.

The state minister informed the CGEM authorities that his delegation witnessed the logistics facilities offered at Tangiers Med Port as well as the incentives provided by the Moroccan investment development authorities.

He observed that Bangladesh´s cooperation with Moroccan port authorities has ample potential to facilitate the mutual trade and business.

The Moroccan side proposed that Bangladeshi businesspeople could explore the sectors like textiles, leather, pharmaceuticals, IT in Morocco for joint collaboration. The both sides agreed to identify exportable and importable items for promotion of trade between the two countries.

They also emphasised the exchanges of trade delegations. The Moroccan businessmen promised to find out the ways and means for connecting e-commerce sectors of the two countries.

Earlier, State Minister Shahriar Alam had talks with the Director-General of Office of the Cherifien des Phosphates (OCP), Mostafa Terrab, at his office in Casablanca.  They reviewed the production and delivery of phosphate fertilizer to Bangladesh.

It may be mentioned that Morocco is an important source of fertilizer for Bangladesh. Bangladesh has been importing fertilizer from Morocco through office of OCP for a long time.