Dhaka:The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Russia-Bangladesh Business Council have signed a Memorandum of Understanding (MoU) aimed at enhancing bilateral trade relations and strategic partnership between Bangladesh and Russia. The signing took place during the Bangladesh-Russia Business Dialogue at the FBCCI office in Motijheel.
According to Bangladesh Sangbad Sangstha, the agreement seeks to foster a conducive business environment for entrepreneurs and organizations from both countries. This will be achieved through enhanced cooperation and the exchange of updated information on trade and investment opportunities.
The MoU outlines plans for joint projects involving companies from both nations and the organization of trade fairs, exhibitions, business missions, and investment forums to explore new opportunities for bilateral trade and investment. The dialogue was co-organized by the FBCCI and the Russia-Bangladesh Business Council, with FBCCI Administrator Md Fazlul Hoque presiding.
Fazlul Hoque highlighted the current global situation as an opportunity for both Bangladesh and Russia to expand their trade relations. He noted that while there are no major barriers to trade and investment, minor obstacles need to be jointly identified and addressed.
Ilya Shestakov, head of the Russian delegation, acknowledged Bangladesh as one of Russia's leading trading partners in South Asia by trade volume. He expressed Russia's interest in increasing the supply of agricultural products, food, and fertilizers to Bangladesh and exploring cooperation in sectors such as energy, information technology, cybersecurity, and e-governance. Shestakov also emphasized the importance of establishing a sustainable bilateral payment infrastructure to fully realize the trade potential.
Russian Ambassador to Bangladesh Alexander Grigoryevich Khozin stressed the importance of reinforcing bilateral relations and economic cooperation. He pointed out the need to address existing barriers in meeting trade and investment demands, simplify regulatory procedures, improve logistics, and facilitate market access to expand bilateral economic engagement. The ambassador also emphasized the significance of cooperation in education and human resource development alongside trade and investment.
The event was attended by business leaders and members of the FBCCI General Council.
Source Bangladesh Sangbad Sangstha