The Memorandum of Understanding (MoU) was signed between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Dubai International Chamber to enhance trade and investment between the UAE and Bangladesh.
The signing ceremony was held at the Leadership Pavilion of Expo 2020 on Tuesday in the presence of the Prime Minister of Bangladesh, Sheikh Hasina, and the Prime Minister of the United Arab Emirates, Mohammed bin Rashid Al Maktoum, according to a press release.
On behalf of their organizations, FBCCI President Md Jashim Uddin and Chairman of the Dubai International Chamber Sultan Ahmed bin Suleiman signed the MoU.
The FBCCI president said: "Dubai and Bangladesh could complement each other in enhancing bilateral trade. Bangladesh's ports and logistics sectors have immense potential for entrepreneurs from Dubai. They can boost their exports to other South Asian countries by investing in Bangladesh. On the other hand, by strengthening trade relations with Dubai, Bangladesh can access CIS countries and African markets."
FBCCI President Md Jashim Uddin hopes that the memorandum signed between the FBCCI and the Dubai International Chamber will play an effective role in harnessing this potential.
