A Memorandum of Understanding (MoU) has been signed between Bangladesh China Chamber of Commerce & Industry (BCCCI) and the Chinese Enterprises Association in Bangladesh (CEAB) for forging closer working cooperation for enhancing trade and economic relations between the two countries.

The MoU was signed at Bangabandhu Bangladesh-China Friendship Exhibition Center, Purbachal, Dhaka on Saturday, said a media release on Sunday.

The MoU stipulated to remain valid initially for one year, was initialed by Al Mamun Mridha, acting General of BCCCI and Han Jingchao, Vice President of CEAB on behalf of their respective organizations.

State Minister for Planning Dr. Shamsul Alam, Chinese Ambassador to Bangladesh Li Jiming and Mahbub Uz Zaman, former Bangladesh Ambassador to China, BCCCI President Gazi Golum Murtoza CEAB President Ke Changlian were present in the MoU signing ceremony.

The areas of cooperation would include enhancing communication and cooperation between the two organizations, devote themselves to build the much expected Sonar Bangla (Golden Bangladesh) at the earliest time, and promote the Belt and Road Initiative (BRI) of China, development, to build a trade relationship that extends businesses and facilitating business in addition to promoting cultural exchange, friendship and commerce between each member enterprises, to form a Joint Task Force (JTF) and incorporate a joint forum to be able to exchange views and ideas, to address the existing and potential trade disputes occurred among enterprises, to carry out regular dialogue at committee member levels.

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Besides,  exchanging views on Visa Processing, Bank Risk Management, Establishment of Chinese Bank in Bangladesh, Free Trade Zone, Legal Consulting, Dispute Settlement, Investor Promotion, Publicity, Member Management and other affairs etc. 

The other key areas of cooperation include enhancing communication with the related Departments of Bangladesh Government, Chinese Embassy to Bangladesh, and other Government bodies, enhancing  the interaction with other domestic and foreign Chambers of commerce/Associations/Organizations and Trade bodies, ensure the management and supervision of the members of the two organizations to understand, abide and be bound by the related laws and regulations, inviting each other to attend related forums, events and activities etc.