Memorandum of Understanding signed between FBCCI and Mexican Business Council

The FBCCI, the apex body of Bangladeshi businessmen, and the Mexican Business Council for Foreign Trade, Investment and Technology have signed a memorandum of understanding to strengthen economic and trade ties between the two countries.

State Minister for Foreign Affairs of the Government of the People’s Republic of Bangladesh Shahriar Alam MP and Ambassador of Bangladesh to Mexico Abida Islam  was present at the signing ceremony of the MoU recently in Mexico City.

On behalf of FBCCI President Md. Jasim Uddin and Augustine Garcia Rechi, Vice President of the Pacific Trade Branch, signed the MoU on behalf of COMCE. FBCCI President. Director of FBCCI Mr. Amjad Hossain was present at the MoU signing ceremony on behalf of FBCCI president Md. Jasim Uddin.

According to the MoU, FBCCI and COMCE will help boost business interests of the two countries, visit trade delegations, increase networking and investment. Through this, the two organizations have agreed to increase investment in joint ownership of entrepreneurs of the two countries and to provide maximum assistance in overcoming all the complications related to it. Both sides will encourage the participation of Bangladeshi and Mexican businessmen in trade fairs, exhibitions, conferences, seminars and other business activities in their respective countries. Under the MoU, FBCCI and COMCE will undertake joint research activities to improve trade relations between the two countries. The two organizations will also exchange information on various publications and business prospects, including various magazines and directories.

The two organizations from Bangladesh and Mexico will provide technical skills and technology transfer and training among the members.

At present, the average annual trade volume between the two countries is just over 400 million US Dollar. As a result of the various activities undertaken under this Memorandum of Understanding, the amount is expected to increase to 1 billion US Dollar.

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