Bangladesh's DCCI, Saudi Arabia's MCCI sign trade cooperation MoU
05 Nov 23 1 min read
Insights
- Saudi Arabia's Makkah Chamber of Commerce and Industry and the Dhaka Chamber of Commerce and Industry have signed an MoU to promote bilateral trade and investment.
- Saudi enterprises can explore investing in Bangladesh, leveraging the latter's cost-efficient export potential and facilitate re-export to global markets, DCCI president Mohammad S Sattar said.
MCCI acting secretary general Essmat Matoog and DCCI president Mohammad Sameer Sattar signed the MoU on behalf of their respective organisations.
MCCI member Abdullah Gadi invited Bangladesh businessmen to participate in the development and expansion plans taking place in Mecca. Sattar led a 61-member business delegation there, according to a news agency from Bangladesh.
Both sides can explore a mutually beneficial economic synergy to cooperate in transforming the development visions of each other, Sattar said.
- HSBC urges Dhaka to bank on opportunity arising out of FDI into Asia
- Bangladesh garment sector scheme now covers commuting accidents
- Bangladesh textiles minister urges India to lift ADD on jute products
- FDI inflows into Turkiye hit $1.5 bn in Q1 2024; Dutch invest most
- Australia’s baby wear imports drop significantly in Jan-Feb 2024
- BII commits $50 mn to BRAC Bank to support MSMEs in Bangladesh
Saudi enterprises can explore investing in Bangladesh, leveraging the latter’s cost-efficient export potential and facilitate re-export to global markets, he added.
Fibre2Fashion News Desk (DS)
Popular News
|
|
Drewry's World Container Index up 16%, Red Sea crisis raises freight |
|
|
Global cotton market witnesses steep decline in benchmark prices |
|
|
ICE cotton prices fall amid strong crop forecasts, speculative trading |
|
|
Cotton yarn market bearish in north India; prices down in Ludhiana |
|
|
Indian cotton imports & exports estimate up, ending stocks may decline |
|
|
Kenya’s big apparel export goals |
