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BSS
  04 Oct 2021, 17:42

DCCI for FTA with Algeria to boost bilateral trade

   DHAKA, Oct 4, 2021 (BSS) - Dhaka Chamber of Commerce and Industry (DCCI) 
President Rizwan Rahman today underscored the need for signing free trade 
agreement (FTA) with Algeria to boost bilateral trade between the two 
friendly nations. 

  "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. On 
the other hand, Bangladesh mainly imports mineral products from Algeria," he 
said. 

  The DCCI president said this while meeting with Algerian Ambassador to 
Bangladesh Rabah Larbi at DCCI in the city, said a press release.

  During the meeting, Rizwan Rahman requested Algeria to hire more skilled 
manpower and professionals from Bangladesh. 

  He invited Algerian investors to register to Bangladesh Trade and 
Investment Summit to be jointly organized by Ministry of Commerce and DCCI 
for B2B matchmaking.

  Rabah Larbi said that 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. 
Moreover, Algerian investors are keen to work in the energy sector in 
Bangladesh."

  He also said that Algeria is a developing country and there are huge 
opportunities of exploring for business.

   Appreciating DCCI's effort to organize a business summit this month, he 
said that he would request Algerian investors and traders to join the summit. 


 

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