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Bangladesh-Russia Intergovernmental Commission’s meeting kicks off Monday

  • Published at 10:50 pm October 21st, 2018
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The Kremlin is seen through autumn leaves in Moscow on October 15, 2018 AFP

According to official sources, the Intergovernmental Commission on Trade, Economic, Scientific, and Technical Cooperation was formed with the signing of a deal between Dhaka and Moscow on March 1 in 2017

The maiden meeting of the Intergovernmental Commission of Bangladesh and Russia will begin this Monday in Moscow, which a 16-member delegation from Bangladesh will attend to discuss  various issues, including boosting trade and cooperation between the two nations in different sectors .

According to official sources, the Intergovernmental Commission on Trade, Economic, Scientific, and Technical Cooperation was formed with the signing of a deal between Dhaka and Moscow on March 1 in 2017, reports UNB.    

As per the deal, the Intergovernmental Commission would be formed with 20 members from each nation; Bangladesh has already formed a 20-member commission comprising of senior officials from different ministries and government entities, headed by Economic Relations Division (ERD) secretary Kazi Shofiqul Azam.

The agenda of the Intergovernmental Commission meeting, scheduled to conclude on October 24, includes cooperation in nuclear power, energy, power, agriculture, banking, taxation, aviation, and education.

The Bangladesh delegation, headed by Kazi Shofiqul Azam, included senior officials from different ministries as well as other government entities.

Two members from the private sector, HabibUllah Dawn from FBCCI, and Aniruddha Kumar Roy, managing director of RMM Group, representing Russian company Gazprom in Bangladesh, were also included in the delegation.

The meeting may take a decision to avoid double taxation as part of strengthening trade and business, while export of trained manpower to different sectors in Russia and re-launching direct passenger plane operation between the two countries may come up for discussion, the officials remarked.

In addition, the officials also hinted at the possibility of introducing a single currency between the two countries to expedite banking and business relations through bilateral discussions.