Business

Moscow keen to strengthen economic ties with Dhaka

Russian envoy says at view-exchange with FBCCI President


Published : 27 Oct 2021 08:25 PM | Updated : 30 Oct 2021 09:36 AM

Alexander Vikentyevich Mantitsky, Ambassador of the Russian Federation to Bangladesh, expressed his interest to further strengthen bilateral trade and investment between Russia and Bangladesh.

He shown the interest while exchanging views with FBCCI President Md. Jashim Uddin while he paid a courtesy visit at FBCCI icon, Matijheel in the city on Wednesday.

He said Russia and Bangladesh have historically good relations and Russia is proud to be a partner in the development journey of Bangladesh through its active participation in various development projects including the Rooppur Nuclear Power Plant. 

However, the full potential of trade between the two countries has not yet been explored. Moscow wants to improve this relationship.

At the same time, FBCCI President Md. Jashim Uddin said that besides readymade garments, Bangladesh may export a good number of products including light engineering products, plastics, medicines, and frozen food products to Russia. 

Due to lack of direct banking relationship and LC opening facility, bilateral trade potentials are not blooming to its fullest.

The FBCCI signed a cooperation agreement with the then Soviet Union in December 1987. Later, in 2006, the FBCCI signed a cooperation agreement with The Chamber of Commerce and Industry of Russian Federation and in 2019, with the Union of Moscow Chambers of Commerce and Industry. 

The FBCCI president and the Russian ambassador agreed to re-visit the agreements reached a long time ago. The FBCCI will soon send information and drafts to the country's embassy.

A Russian trade representative is scheduled to visit Bangladesh next November. At the time, Russian Ambassador Alexander Mantitsky promised to hold a trade meeting with the FBCCI.

During the meeting, Md. Habib Ullah Dawn, Vice President of FBCCI spoke about sending a trade delegation from Bangladesh to the St. Petersburg International Economic Forum, the annual economic event of Russia.

Senior Vice President of FBCCI, Mostofa Azad Chowdhury Babu; Vice President, Md. Amin Helaly and CEO, Mohammad Mahfuzul Hoque were also present at the meeting.

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