FBCCI for three-fold increase in trade with Malaysia
BMCCI to host 4th Showcase Bangladesh in KL
UNB
President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Abdul Matlub Ahmed has urged the newly elected BMCCI leaders to work towards enhancing trade with Malaysia by three fold over the next two years, reports UNB.
He made the call when the Board of Directors of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) by its president Md Alamgir Jalil met him at the latters office yesterday.
The total volume of the two-way trade between Bangladesh and Malaysia has reached US$ 1,314.60 million, according to BMCCI.
Bangladeshs export is only $ 114.60 million against Malaysias $ 1.2 billion export to Bangladesh for the fiscal year 2014-2015.
The BMCCI president said Bangladesh considers Malaysia as one of major sources of Foreign Direct Investment (FDI) mentioning that Bangladesh has been significantly lagging behind in the export department that has widened its trade gap with Malaysia.
We need to take steps towards reducing this trade gap by encouraging more Bangladesh exports to Malaysia.
The BMCCI president informed the FBCCI chief that BMCCI are taking various initiatives to enhance business and investment in Bangladesh to narrow down the existing trade imbalance between Bangladesh and Malaysia.
He also said 4th Showcase Bangladesh 2016 will be held in Kuala Lumpur, Malaysia on May 17-19, aiming to promote trade and investment between the two countries.
The BMCCI will host the three-day trade fair in cooperation with Bangladesh High Commission to Malaysia. It will be held in conjunction with SIMDEX16 in Kuala Lumpur, Malaysia which is expected to draw SME participants from over 30 countries, and 15,000 visitors.
