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FBCCI signs deals with Brazilian chambers

  • Special Correspondent
  • 24 July, 2022 12:00 AM
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FBCCI signs deals with Brazilian chambers
FBCCI President Md Jashim Uddin is seen signing two MoUs during his visit to Brazil recently. The signing between Rio de Janeiro Chamber of Commerce and Industry and FBCCI took place in Rio de Janeiro, the second Capital of Brazil on July 20.

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is going to develop trade relations with Brazil - the largest economy in Latin America.

As a part of the initiative, Bangladesh’s apex trade body signed two Memorandum of Understanding (MoU) with the Rio de Janeiro Chamber of Commerce and Industry and the Sao Paulo Chamber of Commerce, two of Brazil’s most influential trade organisations.

FBCCI President Md. Jashim Uddin signed the two MoU on behalf of the trade body during his visit to Brazil.

The signing between Rio de Janeiro Chamber of Commerce and Industry and FBCCI took place in Rio de Janeiro, the second Capital of Brazil on July 20. The deal with Sao Paulo Chamber of Commerce was inked in Sao Paulo, the port city of the country, on July 21.

State Minister Md. Shahriar Alam and Bangladesh Ambassador to Brazil Sadia Faizunnesa and the President of Brazil Bangladesh Chamber of Commerce Shahriar Ahmed were also present during the MoU signing ceremonies.

Earlier, FBCCI President Md. Jashim Uddin had meetings with the Brazilian Trade and Investment Promotion Agency - Apex-Brasil, and National Industry Confederation (CNI), the main representative of the Brazilian industry.

Issues related to bilateral trade and investment potentials, challenges, and the way forward were discussed in the meetings.

FBCCI President hoped that the visit would facilitate exchange of business delegations in future between the two nations and bolster bilateral trade relations.

“Bangladesh now needs to explore and expand new markets. Diversification of export basket and new import sources have also become essential,” he said.

FBCCI chief expected that establishing trade ties with Brazil, the 10th largest economy of the world, will add new dimensions to Bangladesh’s export earnings, as well as help expand its footstep in other countries of South America.

Bangladesh delegation led by State Minister for Foreign Affairs Md Shahriar Alam left Dhaka for Brazil last Sunday.