Friday, January 14, 2011

DFA: Bangladeshi trade delegation to visit PHL late January

A delegation of about 30 Bangladeshi businessmen will visit the Philippines from January 31 to February 3, the Department of Foreign Affairs (DFA) said on Friday.

Philippine Ambassador to Dhaka Bahnarim Guinomla said this could be an opportunity to expand bilateral trade between the Philippines and Bangladesh.

"We need to re-energize our trade ties and reverse the downtrend," Guinomla said after an hour-long meeting with International Business Forum of Bangladesh (IBFB) President Mahmudul Islam Chowdhury at the IBFB official's office in Dhaka this week, according to the DFA.

Guinomla said the value of bilateral trade between the two countries stood at US$74,221,791 in 2008 but dropped to US$56,488,147 in 2009.

The DFA said Chowdhury, a former Mayor of Chittagong City and former three-time Member of Parliament, will lead the delegation.

Chittagong is the second biggest city of Bangladesh and site of the country's largest sea port.

The DFA said the delegation hopes to meet with trade,
investment and tourism officials and representatives from both the government and the private sectors.

The Bangladeshi businessmen will be interested in joint ventures in garments, plastic, bakery, printing, non-metallic mineral products, basic iron and steel, chemical products, pulp, paper and paper board production, processing and preservation of meat, fish and other seafood, fruits, vegetables, and oil, the DFA said. – VVP, GMANews.TV

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