State Minister, Ministry of Commerce, Ahsanul Islam (Titu) stressed to formulate a detailed action plan, both short term and long term, for augmenting trade links with Commonwealth Independent States (CIS) .
Praising the role of CIS-BCCI, State Minister emphasized on exploring huge market of CIS countries including Russia to enhance export basket and competitiveness.
Minister made the remarks in a discussion while the President of CIS-BCCI (Commonwealth of Independent States-Bangladesh Chamber of Commerce & Industry) Mohammad Ali Deen along with newly elected his Board of Directors had a call on meeting with Ahsanul Islam (Titu), MP, State Minister, Ministry of Commerce on Sunday at the Bangladesh secretariat.
He assured of keeping CIS-BCCI involved on necessary follow up on the decisions of IGC (Inter-Governmental Commission) meetings.
CIS-BCCI President briefed the State Minister about various activities of the CIS-BCCI Chamber for promoting the trade and economic cooperation between Bangladesh and CIS Countries in our bid to diversify the export market to a new destination.
He however, pointed out that at present the main impediment in business transaction between the two countries is banking channel and emphasized that Ministry of Finance, Ministry of Commerce and Bangladesh Bank may take appropriate steps for streamlining financial and banking cooperation between Russia and Bangladesh as proposed in the 1st and the 2nd Protocols of Inter-Governmental Commission meeting held in Moscow and Dhaka.
Besides the President of CIS-BCCI Mohammad Ali Deen, others who were present on the occasion are CIS-BCCI Vice President Mr. Jadab Debnath, Directors Salma Hossain Ash, Dr. Lokiat Ullah, Md. Enamul Haque, Md. Hasen Ali, Md. Farukul Islam Shova, Md. Razib Pervez, Advisers Mahbub Islam Runu, Sheikh Fayez Alam and Secretary of the Chamber Mustafa Mohiuddin.
The President further emphasized on carrying forward objectives of the two Protocols especially on mutual regulatory cooperation and harmonization of Trade Rules and setting up necessary infrastructures including warehouses and distribution network.
