Published:  12:23 AM, 13 September 2017

FBCCI chief urges Georgia to invest in SEZ

FBCCI chief urges Georgia  to invest in SEZ FBCCI president Shafiul Islam (Mohiuddin) and Deputy Minister of Foreign Affairs of Georgia David Jalagania signed a MoU on behalf of FBCCI and GUCCI at FBCCI board room in the city on Tuesday. -AA

President of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) Md Shafiul Islam (Mohiuddin) invited the Georgian Business Community to establish Special Economic Zone (SEZ) in Bangladesh as China and India did.

Mentioning the liberal and lucrative policy adopted by the government for foreign investors in the Economic Zones, FBCCI chief said that the Georgian investors can take these opportunities.  He also mentioned about the 'tax holiday' and 'duty free facility' Bangladesh enjoys in exporting to many countries.

FBCCI president made remarks while speaking at a discussion meeting between a Georgia delegation and the business leaders of the FBCCI held at FBCCI board room in the city on Tuesday. In the meeting FBCCI president Md Shafiul Islam (Mohiuddin) briefed the delegation on the current economic development in the country.

Referring to Banglad-esh's recent development in infrastructure, power communication and some other sectors, FBCCI president mentioned that Bangladesh has achieved consistent GDP growth of over 6 per cent during the last couple of years and gained above 7.24 per cent GDP growth  last year.

Expressing gratitude to FBCCI from the Georgian government and the GCCI, the Deputy Minister of Foreign Affairs of Georgia David Jalagania said, "Bilateral trade between Georgia and Bangladesh is unmentionable and opened a new door for business with the signing of  MOU today (Tuesday).

Emphasizing on direct flight between Dhaka and Tbilisi, the minister expressed his interest to reach the business relation to a new level and stressed the need for working together for the wellbeing of the future generation.

It may be mentioned that, Bangladesh exported goods worth  $1.21million to Georgia in 2016-17 and the import situation is not significant. The principal export products of Bangladesh to Georgia are knitwear, paper and paperboard, jute and jute goods and home textiles etc.

However, Bangladesh usually imports cotton, carpets and other textile floor coverings, nuclear reactors, boilers, machinery and mechanical appliances from Georgia.

Among others, Ambassador of Georgia to Bangladesh Archil Dzuliashvili, Head of Division of Asian Countries of Ministry of Foreign Affairs of Georgia Nana Graphindashvili, FBCCI First vice president Sheikh Fazle Fahim, Vice -president Md Muntakim Ashraf and directors of FBCCI also attended the program. 

Ambassador of Georgia to Bangladesh Archil Dzuliashvili, Consul of Georgia in Bangladesh Riad Mahmud also spoke in the program. FBCCI director Shomi Kaiser and secretary general Mir Shahabuddin Mohammad also joined the discussion.

Following the discussion, a memorandum of understanding (MoU) between FBCCI and the Georgian Chamber of Commerce and Industry (GCCI) was signed after the discussion. Deputy Minister of Foreign Affairs of Georgia David Jalagania and FBCCI president Shafiul Islam (Mohiuddin) signed the memorandum on behalf of their respective sides.

Under the memorandum, both sides will exchange information and expand technical, economic and industrial relations. They will also exchange expertise and industrial statistics and training and also will encourage trade-economic contracts, joint venture companies etc.

---Shaporan Haque

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