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Bangladesh, Brazil agree to sign FTA

Updated on : 11-10-2018

Bangladesh, Brazil agree to sign FTA

Commerce Minister Tofail Ahmed today said Bangladesh and Brazil have agreed to form a joint chamber of commerce and sign a Free Trade Agreement (FTA) to boost bilateral trade and commerce.

“The businessmen of the two countries will be inspired in trade and communication among them will increase after formation of the Brazil-Bangladesh Chamber,” he told journalists after a view exchange meeting with Brazil Ambassador in Dhaka Joao Tabajara de Oliveira Jonior at the Secretariat here.

Brazil is a potential market for Bangladesh’s garments, but Bangladesh cannot export as per its expectation due to high tariff, Tofail said, adding that the country would get trade facilities from Brazil after signing FTA.

Brazil Envoy Joao Tabajara de Oliveira Jonior said, “Bangladesh and Brazil are friendly countries. Both countries have been maintaining trade relations for long”.

Brazil is keen to boost trade with Bangladesh, he said, underscoring the need for forming a chamber and signing a FTA involving businessmen of the both countries to this end.

Senior Secretary of the Commerce Ministry Shubhashish Bose and Additional Secretary (TO) Md Obaidul Azam were present on the occasion.

(Courtesy: Bangladesh Sangbad Sangstha )

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