Tuesday, March 31, 2020 | ePaper

FTA among BIMSTEC states to open new horizon for trade: Tipu

  • Print
Business Desk :
Emphasizing on signing a Free Trade Agreement (FTA) among the member states of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Commerce Minister Tipu Munshi on Thursday said the FTA will open a new horizon in trade for the region.
"Sincere cooperation from the BIMSTEC member states is needed for signing a FTA. If the FTA is signed, it will open a new horizon in the trade sector of Bangladesh, India, Myanmar, Sri Lanka, Thailand, Nepal and Bhutan," the minister told the inaugural function of a two-day BIMSTEC Expo in Mumbai, India.
Indian Chamber of Commerce and Industry (ICCI) in association with Indian Foreign Ministry organized the expo titled "Integrating BIMSTEC-2020 and BIMSTEC Expo-2020" at World Trade Center in Mumbai, India, said a press release here.
Tipu said the BIMSTEC is effectively working for enhancing the commercial and economic cooperation among its member states and added that the Integrated BIMSTEC-2020 will play a vital role in this regard (in FTA signing).
Underscoring the need for reducing the trade cost in supplying goods to the consumers at a tolerable level of price, the minister urged all concerned to take such initiative which will benefit the consumers.
Additional Secretary of the Indian Ministry of External Affairs Dr Virander Kumar Paul addressed the inaugural function as the guest of honor while ICCI Director General Dr Rajeev Singh delivered welcome.
Chief Executive Officer of Bangladesh Foreign Trade Institute Ali Ahmad, Investment Commissioner of Bihar State of India RS Srivastava and Managing Director of Export-Import Bank of India David Rasquinha addressed the function as special guests.
Director of BIMSTEC Secretariat Dr Damaru Ballabha Paudel presented a keynote paper in the function.

More News For this Category

Professor Dr. Md. Fashiul Alam, Director of Islami Bank Bangladesh Limited, inaugurating the Mujib Corner at its Khagrachhari Branch on the occasion of the birth centenary of Bangabandhu Sheikh Mujibur Rahman recently. Md. Nayer Azam, SEVP, Saifuddin Ahmed, AVP of the bank and local elites were also present.

Professor Dr. Md. Fashiul Alam, Director of Islami Bank Bangladesh Limited, inaugurating the Mujib Corner at its Khagrachhari Branch on the occasion of the birth centenary of Bangabandhu Sheikh Mujibur Rahman recently. Md. Nayer Azam, SEVP, Saifuddin Ahmed, AVP of the bank and local elites were also present.

CCCI wants exemption on demurrage; urges NBR to allow release of all goods

Business Desk :Mahbubul Alam, president of the Chattogram Chamber of Commerce and Industry (CCCI), said that if the supply chain between Chattogram Port and the other parts of the counrty

ATMA proposes specific taxes, hike in tobacco tax, prices

Economic Reporter :The Anti Tobacco Media Alliance (ATMA) on Sunday urged the government to introduce specific taxes and two-tier pricing system in cigarettes instead of the existing four-tier system in

Customs houses to remain open on holidays

Business Desk :All the customs houses and customs stations will remain open during the government declared holidays in limited scale.The National Board of Revenue (NBR) on Monday issued an order

Huawei donated AI solution to BD to combat COVID-19

Huawei donated AI solution to BD to combat COVID-19

Business Desk :Huawei Technologies (Bangladesh) Limited donated the video conference systems and AI solution to the Ministry of Health and Family Welfare aimed to help the fight of people of

BB asks banks to release foreign exchange of travelers' int'l cards

Business Desk :Bangladesh Bank (BB) has instructed all banks to release foreign exchange within the permissible limit of travel or medical entitlement in their international cards."It is observed that Bangladesh

Professor Dr. Qazi Shahidul Alam, Director of Islami Bank Bangladesh Limited, inaugurating the 'Mujib Corner' at its Bogura Branch on the occasion of the birth centenary of Bangabandhu Sheikh Mujibur Rahman as chief guest recently. Md. Abdus Sobhan, Bogura Zonal Head, AKM Delowar Hossain, SVP of the bank and local elites were also present.

Professor Dr. Qazi Shahidul Alam, Director of Islami Bank Bangladesh Limited, inaugurating the 'Mujib Corner' at its Bogura Branch on the occasion of the birth centenary of Bangabandhu Sheikh Mujibur Rahman as chief guest recently. Md. Abdus Sobhan, Bogura Zonal Head, AKM Delowar Hossain, SVP of the bank and local elites were also present.

Mohd. Ziaul H Molla, Deputy Managing Director of Bank Asia Ltd and Mufakkharul Islam Khasru, Managing Director of Finlay Properties Limited, exchanging documents after signing an agreement at the bank's Chattogram Zonal Office recently. Under the deal, the bank will facilitate buyers of Finlay Properies Limited through providing Home Loan at faster process with privileged rate.

Mohd. Ziaul H Molla, Deputy Managing Director of Bank Asia Ltd and Mufakkharul Islam Khasru, Managing Director of Finlay Properties Limited, exchanging documents after signing an agreement at the bank's Chattogram Zonal Office recently. Under the deal, the bank will facilitate buyers of Finlay Properies Limited through providing Home Loan at faster process with privileged rate.

Walton disbursed Tk 77cr among its employees to face pandemic

Economic Reporter :Walton has disbursed Tk 77 crore among the employees from its profits for the period of 2018-19 amid the countrywide lockdown to stop the spread of novel coronavirus

NRBC Bank announces free ATM services for its debit card holders

Economic Reporter :NRBC Bank will not take any fee for cash withdrawal by its debit card from any ATM booth in Bangladesh during the ongoing general holidays."During the ongoing general