Emphasis on increasing trade relations between Bangladesh and Australia

There is huge trade potential between Bangladesh and Australia. To exploit this trade potential of the two countries, there is no alternative to increase the communication between the businessmen of both the countries and highlight the commercial possibilities. The apex trade organization FBCCI and the Australian High Commission in Bangladesh will work together to strengthen the relationship between the businessmen of the two countries.

Australian High Commission’s delegation led by Australian High Commission’s Senior Trade and Investment Commissioner (South Asia) Catherine Gallaghe had a courtesy call on FBCCI President Mahbubul Alam, both sides expressed their interest in the matter.

During the meeting, FBCCI President Mahbubul Alam said that Bangladesh is going to transition from a less developed country to a developing country. Bangladesh has ample opportunity to export products to Canada and European Union, but there is a huge trade deficit with Australia. At this time, the FBCCI President called upon the businessmen of Australia to invest in Bangladesh including setting up factories in Bangladesh, highlighting the 100 economic zones, one-stop service and other facilities in Bangladesh along with sufficient supply of land, electricity and gas.

At this time, Australian High Commission’s Senior Trade and Investment Commissioner (South Asia) Catherine Gallagher stressed the importance of Bangladesh-Australia trade relations. Appreciating the growing development of Bangladesh, he said that Bangladesh has made excellent progress in other fields including GDP. Businessmen’s interaction is very important to enhance the trade relations between the two countries. He said that a business delegation from Australia will come to Bangladesh for the sectoral development of the two countries. Catherine Gallagher said that there has been good work between the two countries in the agriculture and education sectors and work is also underway in other sectors.

There was also a discussion about organizing a joint seminar soon to increase trade and investment relations between Australia and Bangladesh.

FBCCI Senior Vice President Md. was also present among others. Amin Helali, Vice President. Khairul Huda Chapal, Mohammad Anwar Sadat Sarkar, Md. Munir Hossain, Secretary General. Alamgir. The Australian High Commission delegation included Deputy High Commissioner Clinton Pobke, Trade Commissioner John Southwell, Dennis Eaton, Second Secretary Joshya Gakutan, Senior Director Minhaj Chowdhury and others.