State Minister for Foreign Affairs Shama Obaed Islam today reaffirmed the government's commitment to signing trade agreements with high-potential countries to expand Bangladesh's bilateral trade and investment. She emphasized that close collaboration between the government and the private sector would be crucial to achieving sustainable trade and investment growth. During a meeting with Dhaka Chamber of Commerce and Industry (DCCI) President Taskeen Ahmed, she highlighted Africa's growing importance as an export destination and encouraged local entrepreneurs to explore these opportunities more actively.
Trade Agreements with High-Potential Markets
Shama Obaed Islam stated that the government is actively working to conclude trade agreements that will help strengthen economic ties with African countries and other promising markets. She noted that Bangladeshi products, including jute and jute goods, leather and leather products, pharmaceuticals, fruits, and ceramics, have significant market potential across the continent.
Collaboration Between Government and Private Sector
The state minister underscored the need to enhance the capacity of the private sector to effectively address the challenges arising from Bangladesh's post-LDC graduation, while promoting export diversification and expanding into new international markets. DCCI President Taskeen Ahmed urged the Ministry of Foreign Affairs to play a more proactive role in facilitating Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) to improve Bangladesh's global competitiveness.
Strengthening Economic Diplomacy
Taskeen Ahmed also stressed the importance of strengthening economic diplomacy and simplifying direct payment mechanisms to facilitate trade and investment with African countries. The meeting was attended by DCCI Senior Vice President Razeev H. Chowdhury, Vice President Md. Salem Sulaiman, Acting Secretary General Dr. A.K.M. Asaduzzaman Patwary, and Director General (International Trade, Investment and Technology Wing) of the Ministry of Foreign Affairs Dr. Syed Muntasir Mamun.
