Government Policy

Bangladesh-France trade to exceed $3bn soon: Tofail

DHAKA, Dec 15, 2016 (BSS) - Commerce Minister Tofail Ahmed today said France has expressed its keenness to boost bilateral trade with Bangladesh.

"In terms of export, France is an important trade partner for Bangladesh and if the present trend continues, bilateral trade volume would soon exceed US$ 3 billion mark," he said after a meeting with French Ambassador to Bangladesh Sophie Aubert at his ministry office.

Apart from the existing RMG export, Tofail said, Bangladesh has taken initiative to export pharmaceuticals, furniture, IT and leather products to France.

"Realizing the potentiality of those products, government is providing cash incentives for the export," he added.

The commerce minister also said Bangladesh is implementing water treatment plant, oil refinery plant and Bangabandhu satellite projects with the cooperation of Agency for France Development, European Investment Bank and Asian Development Bank.

He said the satellite project would be completed by 2017.

In the last fiscal, Bangladesh has exported products worth US$ 1852 million against the import of $ 203 million. Bilateral trade is being increased at 20 percent rate annually.

Expressing satisfaction over the ongoing growth of bilateral trade, the French Ambassador said it would be boosted if both the countries continue their efforts.

She also said France has a plan to invest more in different sectors of Bangladesh.

Senior commerce secretary Hedayetullah Al Mamoon and additional secretary Zahir Uddin Ahmed were present.

Source: Bangladesh Sangbad Sangstha (BSS)