President of the Dhaka Chamber of Commerce and Industry (DCCI) Rizwan Rahman on Monday said a Free Trade Agreement (FTA) between Bangladesh and Algeria will boost bilateral trade between the two countries.
Algerian Ambassador to Bangladesh Rabah Larbi had a meeting with the DCCI President at the DCCI and discussed the issues of mutual interests.
During the meeting, Rizwan Rahman said the bilateral trade between Bangladesh and Algeria reached US$ 98.28 million in FY2019-20 of which, Bangladesh’s export was US$ 5.90 million and import was US$ 92.38 million.
Bangladesh mainly exports RMG products to Algeria while it mainly imports mineral products from Algeria.
The DCCI President requested Algeria to hire more skilled manpower and professionals from Bangladesh.
He finally invited Algerian investors to register with the Bangladesh Trade and Investment Summit to be jointly organized by the Ministry of Commerce and DCCI.
Algerian Ambassador to Bangladesh Rabah Larbi said regular contact between the Chambers of Algeria and Bangladesh would pave the way of enhancing bilateral trade and investment.
He said Bangladesh can import fertilizer, cement and fruits from Algeria and Algerian investors are keen to work in the energy sector in Bangladesh.
The envoy said Algeria is a developing country and there are huge opportunities to explore for business.
Rabah Larbi appreciated DCCI’s effort to organize a business summit this month and he would request Algerian investors and traders to join this summit.
Source: United News of Bangladesh