Latin-Bangladesh sign deal with BIDA to open new door for trade, investment

Latin America-Bangladesh Chamber of Commerce & Industry (LABCCI) signed a Memorandum of Understanding (MoU) with Bangladesh Investment Development Authority (BIDA) at its office at Agargaon area in Dhaka on Wednesday.

Executive Chairman of BIDA, Lokman Hossain Miah, Senior Secretary was present as the chief guest of the MoU signing ceremony.

The ceremony was conducted by Md. Matiur Rahman, Executive Member (Additional Secretary), Marketing & Communication as a chairperson of the event.

LABCCI president Md. Anwar Shawkat Afser and Md. Matiur Rahman, Executive Member (Additional Secretary), Marketing & Communication signed the MoU, reports BSS.

Speaking on the occasion, Lokman Hossain Miah, Executive Chairman (Senior Secretary) of BIDA, mentioned that the present government led by Prime Minister Sheikh Hasina created a friendly environment for businessmen.

He said the special economic zones will provide a safe zone for the foreign investors in Bangladesh. He appreciated the LABCCI Board of Directors for their initiative to attract FDI from the Latin American region as well as from Europe.

Nahid Ferdousi, commercial specialist, Brazilian Embassy in Dhaka assured that Brazil is very much interested to tie with Bangladesh in all aspects.

Md. Anwar Shawkat Afser, President of LABCCI, said that a new era has been started by the MoU signing ceremony.

LABCCI now got the affiliation from the Prime Minister's Office of Bangladesh, BIDA. "Now business society from Latin American countries may get more confident to invest and trade in Bangladesh by the collaboration of LABCCI."

The LABCCI President highlighted the upcoming event "Bangladesh Investment B2B (Business to Business) Event in Latin America-2023" which will be jointly organized by BIDA, DBCCI and LABCCI in the Netherlands, Belgium, Luxembourg, Argentina and Brazil during March 2023.

Representatives from the Ministry of Foreign Affairs, Commerce, BIDA, BEZA, Hi-Tech Park Authority and high profile Bangladeshi and European Businessmen will participate in the mega event.

Salman Fazlur Rahman, MP, Advisor to Prime Minister on Private Industry and Investment will lead the delegation in the Netherlands, Belgium, Luxembourg, Argentina and Brazil.

The Objectives of the Delegation are:

1. To attract Foreign Direct Investment (FDI) which may be a great opportunity for the businessmen of Latin America to invest in the potential sectors in Bangladesh.
2. To explore & promote Bangladeshi products and services to Latin America region also to promote business from the Latin America to the emerging Bangladesh market.

B2B and networking seminar will be held on the sectors like, agriculture, food processing, textile, processing plant for soya beans, sunflower, iron ores, petroleum oils, fertilizer, RMG, wood log, export of jute, leather & pharmaceuticals.

From LABCCI Md. Shahid Alam, Senior Vice President, Md. Mizanur Rahman Mazumder, Vice President, Mohammad Khurshid Alam, Vice President, Md. Abul Hossen Sabuj, Secretary General, Md. Sayem Faroky, Joint Secretary, from the Directors, Md. Nazmul Haque, Md. Shakawat Hossain Mamun, Rashed Hasan, Alhajj Dr. Ahmed Robin Ispahani, Md. Tysyr Khan, Jobayer Ahmed, Engr. Razeeb Haider, Mohammad Khurshed Ali, Shah Md. Rafkhat Afser, Nizamuddin Mahmood Hossain, Dr. Lokiat Ullah, Noafel Bin Reza, Md. Kawser Hossain, Md. Zahirul Kayum, Mazharul Haque Chowdhury, Chairman, Press & Conference Committee Kazi Humayaun Kabir, Managing Director, Horizon Media Vision and representatives from print and electronic media were present in the event.