Dhaka, Budapest to exchange business delegates in 4 months

“A high-level buying and investment business delegation from Bangladesh will go to Hungary within three months and a Hungarian business delegation will visit Bangladesh within four months,” said Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Abdul Matlub Ahmad. Matlub also expected that the Hungarian prime minister would visit Bangladesh with a business delegation as Prime Minister Sheikh Hasina invited him to visit Bangladesh for further strengthening of friendly relations between the two countries. “We can find out potential sectors to go for joint venture investment,” he added. Prime Minister Sheikh Hasina, accompanied by LGRD and Cooperatives Minister Khandkar Mosharraf Hossain, Water Resources Minister Anisul Islam Mahmud and a high-level business delegation, visited Hungary from November 27 to 30. Terming Hungary the new horizon of potentials for the country, Matlub said during the visit Hungary proposed Bangladesh for export of its products by opening a warehouse there as Hungary has border with seven countries. “Bangladesh can easily take the opportunities as Hungary has border with Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia and Austria,” he added. Mentioning the 15-20 million dollar business relations between the two countries as insufficient, the apex trade body chief said: “Our trade volume is low as we did never go to Hungary. We cordially thank Prime Minister Sheikh Hasina for taking us (businessmen) to Hungary for the first time.” Matlub said the two countries signed three memorandums of understanding in presence of the Bangladesh and Hungarian premiers. “We can establish relations with Hungary in various sectors,” he said, adding that Bangladesh and Hungary have agreed to work on new areas, including water resource management, agriculture apart from environment for expansion of trade and investment. He said FBCCI and the Hungary Chamber of Commerce and Industry organised a Bangladesh and Hungary Business Forum with the participation of Bangladesh and Hungary business teams.