Monday, 20 March, 2023

Bangladesh-L America Trade

Hope for a new era as MoU signed

  • Diplomatic Correspondent
  • 16 March, 2023 12:00 AM
  • Print news
Hope for a new era as MoU signed
US Ambassador to Bangladesh Peter Haas visits Meghnaghat 584 MW Combined cycle power project pf Unique Meghnaghat Power Limited at Sonargaon in Narayanganj on Wednesday.

In a major initiative to open new doors for trade and investment, the Latin America-Bangladesh Chamber of Commerce and Industry (LABCCI) signed a Memorandum of Understanding (MoU) with Bangladesh Investment Development Authority (BIDA) on Wednesday.

Held at BIDA Conference Centre in Dhaka, Executive Chairman of BIDA and Senior Secretary  Lokman Hossain Miah was present as the chief guest at the MoU signing ceremony.

BIDA Executive Member (Marketing & Communication) and Additional Secretary Md. Matiur Rahman chaired and moderated the event.

LABCCI president Md. Anwar Shawkat Afser and BIDA Executive Member Md. Matiur Rahman signed the Mou on behalf of their respective sides.

Commercial Specialist at the Brazilian Embassy in Dhaka Nahid Ferdousi assured that Brazil is very

much interested to tie with Bangladesh in all aspects.

Speaking on the occasion, LABCCI President Md. Anwar Shawkat Afser said, “A new era has been started by the signing of the MoU.”

“LABCCI now got the affiliation from the Prime Minister’s Office of Bangladesh, BIDA. Now the business societies from Latin American countries may get more confidence to invest and trade in Bangladesh by the collaboration of LABCCI,” he said.

LABCCI president highlighted the event “Bangladesh Investment B2B (Business to Business) Event in Latin America-2023”, which is jointly organised by BIDA, DBCCI and LABCCI in the Netherlands, Belgium, Luxembourg, Argentina and Brazil during March 6-17 March 2023.

Representatives from the Ministry of Foreign Affairs, Commerce, BIDA, BEZA, Hi-Tech Park Authority and high profile Bangladeshi and European Businessmen will participate in the mega event.

Prime Minister’s Adviser on Private Industry and Investment Salman F Rahman will lead the delegation in the Netherlands, Belgium, Luxembourg, Argentina and Brazil.

The objectives of the delegation are attracting foreign direct investment (FDI), which may be a great opportunity for the businessmen of Latin America to invest in the potential sectors in Bangladesh, explore and promote Bangladeshi products and services to the Latin America region also to promote business from the Latin America to the emerging Bangladesh market.

B2B and networking seminars will be held on the sectors like agriculture, food processing, textile, processing plant for soya beans, sunflower, iron ores, petroleum oils, fertiliser, readymade garment, wood log, export of jute, leather and pharmaceuticals etc.

Executive Chairman (Senior Secretary) of BIDA Lokman Hossain Miah, assured the delegation of all support.

He mentioned that the present government led by Prime Minister Sheikh Hasina created a friendly environment for businessmen.

Economic Processing Zones (EPZ) will provide a safe zone for the foreign investor in Bangladesh, BIDA executive chairman added.

He appreciated the LABCCI Board of Directors for their initiative to attract FDI from the Latin America region as well as from Europe.

LABCCI Senior Vice President Md. Shahid Alam, Vice President Md. Mizanur Rahman Mazumder, Vice President  Mohammad Khurshid Alam, Secretary General Md. Abul Hossen Sabuj, Joint Secretary Md. Sayem Faroky and other senior officials also attended the event.