Bangladesh-Egypt have scope to derive mutual trade benefits: BGMEA President

Ambassador Egypt to Bangladesh Haytham Ghobashy paid a courtesy call on BGMEA President Faruque Hassan at the latter’s office in Gulshan, Dhaka on July 14.

BGMEA Directors Asif Ashraf and Barrister Vidiya Amrit Khan were also present on the occasion.

They had discussions about possible areas of expanding trade between Bangladesh and Egypt and how both countries can collaborate in a meaningful way to boost bilateral trade.

They talked about how Bangladesh could import more raw cotton from Egypt to meet the growing demand of its RMG and textile industry.

BGMEA President Faruque Hassan said Bangladesh and Egypt have substantial scope to further engage in trade and investment and derive mutual benefits.

He highlighted the key features and strengths of Bangladesh as a preferred place for investment, especially its mega projects for the development of infrastructure which will accelerate the country’s economic growth.

Faruque Hassan urged the envoy to encourage Egyptian businessmen to make investments in the potential sectors including high value-added and non-cotton textiles in Bangladesh.

The Ambassador requested BGMEA to look into the possibility of setting up joint ventures in the RMG and textiles industry in Egypt.

He expressed high optimism about strengthening further the bilateral ties on issues related to mutual interests in both countries.