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The country's apex trade body Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) will set up a trade centre in Dubai to further boost business and investment between Bangladesh and the UAE.
A memorandum of understanding (MoU) was signed between the Bangladesh Business Council (BBC) of Dubai and the FBCCI in the Gulf city on Friday.
According to the agreement, BBC-Dubai will co-operate in setting up the FBCCI trade center in Dubai.
The FBCCI will undertake activities of coordinating and promoting trade and investment and commerce between Bangladesh and the UAE.
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The FBCCI trade centre will work to strengthen business relations with other countries by using Dubai as a hub. The trade centre will provide various assistance to UAE businessmen interested in investing in Bangladesh, according to a press release.
President of FBCCI Md Jashim Uddin and founder president of BBC-Dubai Mohamed Mahtabur Rahman signed the MoU on behalf of the two trade bodies, respectively.
BSEC chairman Prof Shibli Rubayat-Ul-Islam was present as the chief guest at the MoU signing ceremony.
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Among others, FBCCI senior vice president Mostofa Azad Chowdhury Babu and vice president Md Habib Ullah Dawn were present on the occasion.