June 17, 2024, 5:09 pm

Staff Correspondent

2023-05-19 03:52:37 BdST

Bangladesh and Uzbekistan have much to share: FBCCI

FBCCI President Md Jashim Uddin has said that both Bangladesh and Uzbekistan have much to offer to each other in terms of economic collaboration. Both countries can be benefited by exploring their potential sectors.

He opined this during a discussion meeting with the Uzbekistan delegation led by the Deputy Minister of Foreign Affairs of the Republic of Uzbekistan Bakhrom Aloev.

The meeting was held Thursday at the FBCCI Icon, Dhaka, read an FBCCI press release.

Proclaiming Uzbekistan as an important friend and growth partner, the FBCCI president said, both countries have gained momentum with some high-level visits and discussions on the future of the two country's partnership.

Trade and economic cooperation have been the key focuses of Dhaka-Tashkent relations. Both the countries have identified potential sectors for collaboration, including textiles, pharmaceuticals, agriculture, and information technology, he added.

The bilateral trade is at $35.12 million in FY 2022 which is far below our untapped potential. I hope through this visit and meeting, we can work together to explore mutually beneficial investment and trade opportunities,” he said.

FBCCI President said that Bangladesh serves as the regional gateway of South Asia and ASEAN countries and has very close connectivity with India and China, the two giants of Asia.

“The govt. is developing 100 economic zones, 30 IT parks, and tourism parks with modern infrastructure. Uzbekistan can utilize this opportunity to start a business here in Bangladesh,” he added.

He said, Bangladesh have competitive strengths in apparel, leather goods, pharmaceuticals, frozen seafood, plastic products, ceramics, jute, and leather products, ICT, FMCG, home appliance among others are leading the way for business diversification.

“Uzbeks can import pharmaceutical products and generic drugs from Bangladesh as we are producing high-quality medicine and drugs and exporting them to more than 100 countries in the world,” he also said.

Uzbek Deputy Minister Bakhrom Aloev said, “Bangladesh and Uzbekistan have many opportunities. It’s time to elaborate the relation between the two great countries.”

“Right now, connectivity is one of the issues, but we’re working on it and we are looking forward in strengthening the bilateral trade between the two countries,” he added.

He invited the FBCCI to pay a visit to Uzbekistan and explore the business potential.

FBCCI Vice President Md Amin Helaly said that the interactions with the private sector have helped Bangladesh and Uzbekistan to garner future trade ties by encouraging mutual investment and addressing trade barriers for the greater benefit of the two nations.

FBCCI Vice President Md Habib Ullah Dawn, Directors, and other business leaders were present at the program.

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