Strengthening Economic Ties: CIS-BCCI Meets with Honorable State Minister in Dhaka

President and Board of Directors of CIS-BCCI meet Honorable State Minister, Ministry of Planning in Dhaka

President of CIS-BCCI (Commonwealth of Independent States-Bangladesh Chamber of Commerce & Industry) Mr. Mohammad Ali Deen along with his newly elected Board of Directors had a call on meeting with Mr. Md. Shahiduzzaman Sarker MP, Honorable State Minister, Ministry of Planning today on April 23, 2024 at his office Sher-E-Bangla Nagar, Dhaka.

CIS-BCCI President briefed the Hon’ble State Minister about various activities of the CIS-BCCI Chamber for promoting the trade and economic cooperation between Bangladesh and CIS Countries including Russia in our bid to diversify the export market to a third destination.

He however, pointed out that at present the main impediment in business transaction between the Bangladesh and CIS countries is banking channel and emphasized that Ministry of Finance, Ministry of Commerce and Bangladesh Bank may take appropriate steps for streamlining financial and banking cooperation between Russia and other CIS countries and Bangladesh.

He further emphasized on carrying forward objectives of the two Protocols that has been signed at IGC (Inter-Governmental Commission) meetings between Bangladesh and Russia. He especially mentioned about Mutual Regulatory Cooperation, Harmonization of Trade Rules and setting up necessary infrastructures including warehouses and distribution network.

The Honorable State Minister, Ministry of Planning appreciated the role of CIS-BCCI and emphasized on exploring huge market of CIS countries including Russia to enhance our export basket and competitiveness. He assured of all out support from his ministry in this respect. He also suggested for a detailed action plan, both short term and long term, for augmenting trade links with CIS countries.

President of CIS-BCCI informed that CIS-BCCI delegations, since 2015, are regularly attending St. Petersburg International Economic Forum (SPIEF) being held every year under the leadership of President Vladimir PUTIN. CIS-BCCI works as a South Asian Partner of ROSSCONGRESS that organizes this mega economic event every year. This year also CIS-BCCI is hopeful to join SPIEF scheduled to be held during 5-8 June, 2024 and requested him to participate if invitation in received from SPIEF.

Besides the President of CIS-BCCI Mr. Mohammad Ali Deen, others who were present on the occasion are CIS-BCCI Vice President Mr. Jadab Debnath, Directors Mr. Abdul Latif Sarker, Mr. Md. Enamul Haque, Mr. Khan Md. Iqbal, Adviser Mr. Mahbub Islam Runu and Secretary of the Chamber Mr. Mustafa Mohiuddin.

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