Poster in Aug 24, 2023 03:19:25

It's time to sign an FTA with USA: FBCCI President

It's time to sign an FTA with USA: FBCCI President

FBCCI President Mr. Mahbubul Alam speaks during a meeting with Mr. John Fay, Commercial Counselor, US Embassy, at the FBCCI office in Dhaka on August 23, 2023. Photo: FBCCI

FBCCI President Mr. Mahbubul Alam speaks during a meeting with Mr. John Fay, Commercial Counselor, US Embassy, at the FBCCI office in Dhaka on August 23, 2023.

FBCCI President Mr. Mahbubul Alam said yesterday (August 23, 2023), that Bangladesh and United States governments should take the initiative to sign a Free Trade Agreement (FTA) to increase bilateral trade.

The President of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) made this call in a meeting with Mr. John Fay, Commercial Counselor of the US Embassy at the FBCCI office in Dhaka.

The USA is the single largest export destination of Bangladesh and this is the right time for signing an FTA between the two nations in order to take advantage of the supply chains for enhanced mutual benefit, Mr. Alam said in a statement of the FBCCI.

The FBCCI is hopeful of building a diversified portfolio in trade relations with the USA in the days to come, he added.

The chief of the apex trade body also wants to launch a platform for networking and business contacts and to arrange meetings and trade fairs for Bangladeshi and American entrepreneurs to strengthen trade cooperation.

Bangladesh's main export items to the USA are woven garments, knitwear, home textile, footwear, leather, agriculture, and frozen foods.

Source:
Online/GFMM

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