ASSOCHAM inks pact with Bangladesh chamber of commerce to boost trade ties

New Delhi, Sept 8 (KNN) With the aim to promote business-to-business cooperation between India and Bangladesh, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Wednesday signed an agreement with Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

This agreement will allow both chambers to share information on daily basis about the economic development of Bangladesh and India with a view to increasing bilateral trade and for the expansion of economic and industrial cooperation among their enterprises, according to a statement released by ASSOCHAM.

They will also coordinate with each other for supporting and facilitating the advancement of small and medium entrepreneurs (SMEs), startup ecosystem, innovation, industry-academia skill gap assessment, technical cooperation, conducting survey and research and development.

The MoU comes at the backdrop of the ongoing visit of Bangladeshi Prime Minister Sheikh Hasina to India.

The MoU between ASSOCHAM and FBCCI was signed in the presence of Tipu Munshi, Commerce Minister of Bangladesh, at the India-Bangladesh Business Forum jointly organised by the two trade bodies.

ASSOCHAM- FBCCI partnership will also help facilitate visits of trade and economic delegations to their respective countries, rendering maximum cooperation for establishing business contacts.  (KNN Bureau)