Uzbekistan keen to boost trade ties with Bangladesh

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Uzbekistan is highly keen to develop the bilateral trade relation with Bangladesh. It has emphasized on utilising probable ways and means to expand the trade between the brotherly two countries. The existing trade might be diversified by active steps of business community of both the countries, it added. The observations came at a meeting between Farhod Arziev, Uzbekistan Ambassador based in New Delhi and the FBCCI leaders at FBCCI office on Saturday. FBCCI President Md. Shafiul Islam Mohiuddin, Senior Vice-President Sheikh F Fahim and Vice President Md Muntakim Ashraf took part in the discussion. The FBCCI President, at the meeting mentioned about the role of private sector in the fast-growing development activities of the country. FBCCI along with its member bodies working with the government to ensure a conducive business environment in the country, he added. The Uzbekistan Ambassador Farhod Arziev expressed keen interest about Bangladesh’s textile and pharmaceutical sector. He sought specific proposals from the FBCCI leaders to develop the bilateral business relation. The Ambassador also invited the FBCCI leaders to visit Uzbekistan at a close suitable time. Sheikh F Fahim,Senior Vice President of FBCCI mentioned that an FBCCI delegation may visit Uzbekistan to find out the potentials of Bangladeshi products to export to the CIS countries. Sheikh Fahim also emphasized on technology transfer to Bangladesh from Uzbekistan. FBCCI Directors Hasina Newaaz, Mir Nizam Uddin Ahmed and Tabarakul Tosaddek Hossain Khan Tito attended the meeting. Mentionable that, Bangladesh exported total amount of $11.50 million to Uzbekistan in 2018-19 and imported the amount of $16.10 million. The principal export products of Bangladesh to Uzbekistan are jute and jute goods, pharmaceutical products, nuclear reactors, boilers, machinery and mechanical appliances etc. The import items from Uzbekistan are textiles and textile articles, vegetable products, products of the chemical etc.

Source – Daily Sun.

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