The Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) has proposed to sign a memorandum of understanding (MoU) with Bhutan Chamber of Commerce and Industry (BCCI) on May 29.
A 40-member business delegation led by A K Azad, president of the FBCCI will be in Bhutan from May 28 to June 1, ahead of the secretary-level meeting between the two South- Asian nations.
Secretary General of BCCI Phub Tshering said this is the second time that the two countries’ are signing the MoU as a renewal of the earlier one.
The BCCI secretary highlighted the objectives of the Bangladesh delegation to explore market for their products, identify more products that can be imported from Bhutan and to see if there are any investment opportunities for their companies.
In a recent interview with The Bhutanese, economic affairs secretary, Dasho Sonam Tshering said “We have been telling them (Bangladesh) to probably look at sending their business delegates to Bhutan, and identify the opportunity areas for them to export to Bhutan.”
Meanwhile, Bhutan recently proposed to use Bangladesh’s land stations (LC), seaports and airports for trade and transit in addition to the traditionally used Indian transit facilities. The recently sent draft protocol on transit to the Bangladesh Foreign Affairs Ministry will materialize during the secretary level meeting for which MoEA has proposed a date some time towards the second week of June.
Currently, Bhutan imports items like fruit juice, garments, pharmaceuticals, toilet soap and melamine from Bangladesh while exports are mainly fresh fruits, minerals, paper boards and spices.