• Wednesday, Jan 20, 2021
  • Last Update : 12:51 pm

Munshi calls for deeper trade ties among OIC countries

  • Published at 10:29 pm November 26th, 2020
Commerce Minister Tipu Munshi
File photo of Commerce Minister Tipu Munshi Mehedi Hasan/Dhaka Tribune

Also lauded the steps taken by the OIC for conducting the humanitarian assistance operations during this Covid-19 period

Commerce Minister Tipu Munshi has called for full implementation of the Preferential Trade Agreement (PTA) among the Organisation of the Islamic Cooperation (OIC) countries.

The commerce minister made the call while virtually addressing the 36th session of the Standing Committee for Economic and Commercial Cooperation of the Organisation of the Islamic Cooperation (COMCEC) on Wednesday.

Munshi suggested forming a fund in the tourism sector, which is one of the most affected sectors due to Covid-19. 

He also lauded the steps taken by the OIC for conducting the humanitarian assistance operations during this Covid-19 period alongside the measures taken for keeping operational the economic and trade sectors, said a press release from the commerce ministry.

Munshi went on to cite Bangladesh as an ideal place for investing.

An investment-friendly environment is now prevailing in the country as the work for setting up some 100 special economic zones throughout the country is going on.

“The investors from the OIC countries will be benefitted if they invest in these economic zones,” he added.

The main theme of this session was “Promoting Entrepreneurship for Tourism Industry Competitiveness”, where Turkish President Rccep Tayyip Erdogan gave the inaugural speech at this ministerial-level meeting of the 57-member COMCEC countries.

Munshi urged the COMCEC countries to receive services from the Bangladeshi IT professionals since the country has attained notable success in the ICT sector over the years.

Highlighting the overall trade capacity of Bangladesh, Munshi also sought support from the IDA, OIC and COMCEC for attaining halal trade certification, trade facilitation and developing transit infrastructures to boost bilateral trade.

Finance Minister of Kuwait Barak Ali Al-Sheatan, Minister of State for Foreign Affairs of Nigeria Zubair Dada, OIC Secretary General Dr Yousuf A Al-Othaimeen, Islamic Development Bank (IsDB) President Dr Bandar MH Hajjar, The Union of Chambers and Commodity Exchanges of Turkey (TOBB) President and also the vice president of Islamic Chamber of Commerce, Industry and Agriculture M Rifat Hisarciklioglu spoke, among others, at the meeting.

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