FBCCI, CWEIC to work together to enhance trade

FBCCI, CWEIC to work together to enhance trade

Dhaka, Feb 14 - The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Commonwealth Enterprise and Investment Council (CWEIC) will work closely to enhance trade between Bangladesh and other Commonwealth countries.

FBCCI invited CWEIC to help expand exports of textiles, pharmaceuticals, and agricultural goods to Commonwealth countries.

FBCCI President Mahbubul Alam made the call while hosting a dinner meeting on Tuesday night in honour of Lord Marland, Chairman of the CWEIC.

Bangladesh is becoming an attractive investment hub for industry diversification, integration of the industry value chain, and export market expansion, said Mahbubul.

“Bangladesh has crossed the milestone of $55.55 billion in exports in 2022–23. Following this trend, we are working to develop competitiveness to achieve the trillion-dollar journey of our economy and to earn our target export worth of US$ 300 billion by 2041,” he added.

The CWEIC can play a crucial role in opening doors for Bangladeshi products in global Commonwealth markets, particularly highlighting our strengths in textiles, pharmaceuticals, and agriculture, he also said.

“We can collaborate in different sectors like technology transfer and innovation, IT, renewable energy, education and skills development and vocational training, healthcare and pharmaceuticals, and access to finance for SMEs,” the FBCCI president said.

Marland praised Bangladesh's development in recent years.

He said everyone is talking about Bangladesh’s economic growth. I believe the country will be a ‘Smart Bangladesh’ by 2031, 10 years before the assumed time.

“CWEIC will work closely with FBCCI to further bolster trade and investment and explore the untapped potential between the two commonwealth countries,” he added.-UNB