Bangladesh and Mexico expand bilateral trade

At a meeting of business representatives from the two countries, they decided to create a Bangladesh-Mexico chamber of commerce

TBS Report

01 October 2021, 10:30 p.m.

Last modification: 01 October 2021, 22:50

Inside the factory. Photo: courtesy


Inside the factory. Photo: courtesy

Bangladesh and Mexico have agreed to work together to develop trade, investment and bilateral relations between the two countries.

The deal was reached at a recent meeting between Mexico’s Deputy Foreign Trade Minister Luz Maria de la Mora Sanchez and Bangladesh Foreign Minister Md Shahriar Alam during the recent visit of the latter in Mexico on the occasion of the 200th anniversary of independence, according to a press release.

During the meeting, the two ministers stressed the need to further strengthen economic ties between the two countries.

In response to a proposal from Mora Sanchez to hold a trade seminar and exhibition in Mexico City with the participation of Bangladeshi businessmen, Shahriar Alam assured him to maintain regular communication in this regard through the Bangladeshi Embassy.

The Minister of State thanked the Government of Mexico for its continued support for the repatriation of the displaced Rohingya from Myanmar on various multilateral platforms.

Mora Sanchez expressed his satisfaction with the Memorandum of Understanding (MoU) signed in the presence of Minister of State Shahriar Alam, between the main trade body of Bangladesh, the Federation of Chambers of Commerce and Industry of Bangladesh (FBCCI), and Mexico’s main trade body, the Consejo Empresarial Mexicano de Commerce External (COMCE).

At the meeting between business representatives from the two countries, they decided to establish a Bangladesh-Mexico chamber of commerce.

Mora Sanchez said the MoU will play an important role in expanding trade between the two countries.

In this regard, Shahriar Alam said that the FBCCI has set a trade target of over $ 1 billion between the two countries, which is very promising.

The Minister of State noted that the decision of the Mexican military delegation to participate in the closing ceremony of the Golden Jubilee and Victory Day celebrations of Bangladesh was particularly inspiring to us. He stressed the need for regular consultations with foreign offices between the two countries.

During his visit to Mexico, Shahriar Alam delivered a memorial speech to the students of the Ibero-American University of Mexico, which was broadcast live by university officials and was attended by more than 2,700 students.

In his speech, Shahriar Alam said that Bangladesh has emerged as one of the economic powers in Asia over the past decade under the visionary leadership of Prime Minister Sheikh Hasina. He highlighted various aspects of Bangladesh’s remarkable prosperity, saying that the international community hailed Bangladesh as a “wonder of development” for its remarkable achievements in poverty reduction, food security, women’s empowerment and inclusive economic growth.

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