Business Initiative Leading Development (BUILD) has signed a Memorandum of Understanding (MoU) with the International Trade Centre (ITC) to support joint research linked to enabling trade and business environment in Bangladesh, reports BSS.

Nihad Kabir, Chairman of the Trustee Board of BUILD and Gerard Lynch, Director of Division Program Support of ITC signed the MoU on behalf of their respective sides on October 29 in the capital, said a press release here yesterday.

The purpose of this agreement is to provide the framework for cooperation between BUILD and the Trade and Market Intelligence (TMI) and the Trade Facilitation and Policy for Business (TFBP) sections of ITC in further promoting trade and business environment of Bangladesh.

Subject to availability of funds, BUILD, a Public Private Dialogue (PPD) platform, and ITC, a joint agency of the World Trade Organization and the United Nations, agreed to cooperate on five key areas, including organising and participating in PPD, seminars, business conferences and other similar events on issues related to international trade issues, national trade policies and reforms.

Specific areas of collaboration under the MoU include identifying common regulatory barriers in national and international trade and in proposing solutions to eliminating barriers, developing joint efforts in fund raising for implementation of activities to improve trade and business environment in Bangladesh.