DCCI President Rizwan Rahman on Monday said that Bilateral trade between Bangladesh and Algeria will further boost through signing Free Trade Agreement (FTA) between the two countries.
He said the bilateral trade between the two countries has reached to $ 98.28 million in FY2019-20 of which, Bangladesh’s export was $ 5.90 million and import was $ 92.38 million. DCCI President made the remarks in a view exchange meeting with Algerian Ambassador to Bangladesh Rabah Larbi as the envoy called on the President at DCCI head office, Matijheel in the capital.
"Bangladesh mainly exports RMG products to Algeria while import mainly mineral products from the same country", Rezwa added. He requested Algeria to hire more skilled manpower and professionals from Bangladesh. He finally invited Algerian investors to register to Bangladesh Trade & Investment Summit to be jointly organized by Ministry of Commerce and DCCI for B2B matchmaking.
Algerian Ambassador to Bangladesh Rabah Larbi said that regular contact between the Chambers of Algeria and Bangladesh would pave the way of enhancing bilateral trade and investment. He also urged upon direct connection of the business people of both the countries.
He said Bangladesh can import fertilizer, cement and fruits from Algeria. Moreover, Algerian investors are keen to work in the energy sector in Bangladesh, he added.
He also said that Algeria is a developing country and there are huge opportunities to explore for business.
He appreciated DCCI’s effort to organize a business summit this month and he would request Algerian investors and traders to join this summit.
