BD-Australia trade stands $2.44 billion

Australia-BD trade conference in Sydney from Nov 13

Bilateral trade between Bangladesh and Australia has stand at $2.44 billion. Australian high commissioner in Dhaka Julia Niblett disclosed this at a programme in the capital on Tuesday evening ahead of the Bangladesh-Australia Trade Fair. The trade show will be held from November 13 to 15 in Sydney aiming to expanding bilateral trade and business between the two friendly nations.

Ms Julia said both Bangladesh and Australia are eager to expand the mutual trade cooperation. She thanked the Bangladesh commerce ministry for making a sincere effort to promote bilateral trade. Bangladesh High Commission to Australia, in association with the Australia Bangladesh Business Council (ABBC), is organising the conference for discussing potentials and challenges for greater bilateral economic interaction.

Commerce Minister Tipu Munshi is expected to inaugurate the conference and lead a delegation from the private sector and government of Bangladesh. A business delegation of women from Sylhet Chamber of Commerce is also going to take part in the Sydney show. Bangladesh’s exports to Australia comprise ready-made garments, leather goods, footwear, processed food and jute. Australia’s main exports to Bangladesh are cotton for the ready-made garment industry, milk and other dairy products, lentils and pulses, education and other services.

Ahead of the visit, Australian High Commissioner to Bangladesh Julia Niblett met Commerce Minister Tipu Munshi on Monday at his office.
During the meeting, they discussed the practical ways to improve understanding of opportunities in the business environment, to increase trade between Australia and Bangladesh.

“I’m pleased that the governments of Australia and Bangladesh are working together to further enhance the trade relationship”, said Niblett. The High Commissioner hosted a reception on Tuesday for Bangladeshi businesses and delegates travelling to the trade conference and Australian companies operating in Bangladesh, to underline the growing potential for enhancing the commercial relationship.