DCCI president urges Egypt to enhance bilateral trade

Dhaka Chamber of Commerce and Industries (DCCI) President Rizwan Rahman has urged Egypt to import cotton, knitwear, woven garments, footwear, pharmaceuticals and ceramic products from Bangladesh.
 
There is a huge amount of trade gap between the two countries which could be reduced by strengthening a reciprocal bilateral trades, he said.
 
The DCCI president made this urge as Egyptian Ambassador to Bangladesh Haytham Ghobhashy called on him at his office on Tuesday.
 
DCCI Senior Vice President NKA Mobin and its Vice President Monowar Hossain, among others, were present during the meeting.  
 
According to the statics, there was a trade gap worth $33.54 million between Bangladesh and Egypt in the fiscal 2019-20. 
 
During that fiscal, Bangladesh exported products worth $28.36 million to Egypt while it imported goods worth $61.9 million from the Arab country.  
 
In the meeting, the DCCI President proposed to set up an `Egypt Help Desk' in DCCI office from where entrepreneurs from both the countries could get required information on trade and investment. 
 
The desk will also work to enhance know-how and information sharing among the businesses of Bangladesh and Egypt, he added.   
 
In the meeting, Haytham Ghobhashy said to attract local and foreign investment and betterment of living standard of people, Bangladesh has to improve its infrastructure sector and the Egyptian entrepreneurs could play a vital role for the development of this sector.
 
He mentioned that the construction and infrastructure sector of Bangladesh are very attractive to foreign investors. To this end, both the government and private sectors of the two countries could explore joint collaboration. 
 
Due to the Covid-19 pandemic, Egypt is focusing more to do business and investment with the South Asian (south-south) nations, for which Egypt sought cooperation from Bangladesh, the envoy added.