Bangladesh to sign MoU with Argentina to increase trade, investment

The government will sign a Memorandum of Understanding (MoU) with Argentina to increase trade and investment between the two countries amid the global financial setback.

The MoU signing ceremony will be held between Commerce Minister Tipu Munshi and visiting Argentine Minister of Foreign Affairs, International Trade and Worship Santiago Andrés Cafiero on Tuesday.

The event will be held at the hall room of the commerce ministry around 11:30 am, said a press release of the ministry.

Santiago Cafiero arrived in Dhaka early on Monday with a view to inaugurating the South American country’s new embassy here and deepening trade and cultural relationships between the two countries. Argentina is reopening its embassy here after 45 years.

Foreign Minister AK Abdul Momen received him at the VIP Lounge of Hazrat Shahjalal International Airport upon his arrival in Dhaka.

The Argentine embassy in Dhaka was closed in 1978 by the military junta that ruled the country at the time.

Argentina says it is convenient to reopen the embassy in accordance with foreign policy guidelines and based on political, strategic and commercial reasons.

Momen will hold a bilateral meeting with his Argentine counterpart at the State Guesthouse Jamuna this evening to discuss trade and investment issues.

The meeting is likely to begin at 6 pm.