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09 December 2021

Business Insider Bangladesh
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Algeria keen to ink MoU with FBCCI: Envoy

BI Report || BusinessInsider

Published: 18:27, 24 November 2021  
Algeria keen to ink MoU with FBCCI: Envoy

Algerian Ambassador to Bangladesh calls on FBCCI President on Wednesday. Business Insider Photo


Algeria, importing jute and jute products, oven and knitwear, home textiles and footwear from Bangladesh, is interested in increasing its trade activities with the country.  

Besides, Algeria imports huge quantity of consumer goods, cereals, dairy products, plastics, medicines every year from the global market, according to a press statement.

Algeria also has a huge potential market for man-made filaments, glass and ceramics, leather goods, and electronics.

Therefore, a Memorandum of Understanding (MoU) between the Algerian Chamber of Commerce and Industry and the The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) could be mutually beneficial.

In a courtesy call to FBCCI President Md. Jashim Uddin on Wednesday afternoon, Algerian Ambassador to Dhaka Rabah Larbi expressed interest in signing MoU between the countries.

Responding positively to the proposal of the Algerian Envoy, FBCCI President Md. Jashim Uddin said that trade associations of more than 50 countries of the world have signed about 150 MoUs with FBCCI, it reads.

An agreement with the Algerian Trade Organisation would increase trade and investment opportunities for both the countries.

The FBCCI president promised to send the draft agreement to the Algerian embassy in Dhaka soon.

Mostofa Azad Chowdhury Babu, senior vice president, Amin Helaly, vice president and Mohammad Mahfuzul Hoque, secretary general of FBCCI were present at the event, among others.