Bilateral trade – K Sup Radio http://ksupradio.com/ Sun, 10 Oct 2021 23:58:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ksupradio.com/wp-content/uploads/2021/03/cropped-icon-32x32.png Bilateral trade – K Sup Radio http://ksupradio.com/ 32 32 Egyptian, South Sudanese leaders discuss bilateral ties, regional issues https://ksupradio.com/egyptian-south-sudanese-leaders-discuss-bilateral-ties-regional-issues/ Sun, 10 Oct 2021 21:05:00 +0000 https://ksupradio.com/egyptian-south-sudanese-leaders-discuss-bilateral-ties-regional-issues/ CAIRO, Oct. 10 (Xinhua) – Egyptian President Abdel-Fattah al-Sisi and South Sudanese President Salva Kiir held intensive bilateral talks on Sunday which focused on ways to strengthen bilateral ties at the political, economic levels and safe. Speaking at a press conference after their meeting in Cairo, Sisi said he also spoke about the momentum that […]]]>

CAIRO, Oct. 10 (Xinhua) – Egyptian President Abdel-Fattah al-Sisi and South Sudanese President Salva Kiir held intensive bilateral talks on Sunday which focused on ways to strengthen bilateral ties at the political, economic levels and safe.

Speaking at a press conference after their meeting in Cairo, Sisi said he also spoke about the momentum that relations between the two countries have gained in the last period in different areas of cooperation.

“We have been following the results of the first round of the Joint Senior Committee which met in Cairo in July 2021 and the opportunities it brought in terms of coordination and consultation,” Sisi said at the press conference.

This is in addition to the resulting agreements that were signed by the two sides in the fields of irrigation, trade and industry, he added.

Sisi said they agreed on the importance of giving new impetus to bilateral relations to broaden their horizons of cooperation by increasing the rate of trade between the two countries, increasing Egyptian investments in South Sudan and by facilitating access to Egyptian exports.

The Egyptian president reiterated that Egypt will always remain a firm supporter of South Sudan and will continue its efforts in favor of all means to promote peace, stability and development there.

Sisi also confirmed Egypt’s full support for Kiir’s efforts to achieve peace in the country and the efforts of various parties to move forward on the path of implementing the stages of the transition period, in accordance with The Revitalized Agreement on Conflict Resolution in the Republic of South Sudan (R-ARCSS).

“We also exchanged views on a host of current regional and international issues of mutual interest, primarily ongoing developments in the East Africa and Horn of Africa region, and means of containing their possible repercussions on the rest of the countries of the region, “said the Egyptian. said the president.

The talks also focused on various aspects relevant to the Nile water problems, the ongoing coordination between the two countries in this regard and the current developments of the Grand Ethiopian Renaissance Dam (GERD) dossier.

“I stressed the importance of reaching a legally binding agreement that regulates the filling and operation of the dam, based on the rules of international law and UN Security Council resolutions on the issue. This will promote stability in the whole region and open up a wider prospect of cooperation among the countries of the Nile basin, ”Sisi noted.


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Green strategic partnership between India and Denmark will strengthen bilateral relations: Kovind https://ksupradio.com/green-strategic-partnership-between-india-and-denmark-will-strengthen-bilateral-relations-kovind/ Sat, 09 Oct 2021 15:41:00 +0000 https://ksupradio.com/green-strategic-partnership-between-india-and-denmark-will-strengthen-bilateral-relations-kovind/ President Ram Nath Kovind met Danish Prime Minister Mette Frederiksen on Saturday and said the Green Strategic Partnership between India and Denmark will further strengthen bilateral ties. During the meeting, the president also noted that India and Denmark have strong trade and investment ties, according to an official statement. The Danish public and private sectors […]]]>
President Ram Nath Kovind met Danish Prime Minister Mette Frederiksen on Saturday and said the Green Strategic Partnership between India and Denmark will further strengthen bilateral ties. During the meeting, the president also noted that India and Denmark have strong trade and investment ties, according to an official statement.

The Danish public and private sectors are already actively involved in several Indian states, advancing key national missions such as Make in India, Jal Jeevan Mission, Smart Cities, Digital India, Startup India, Clean India and Clean Ganga, etc. he declared. .

Frederiksen called Kovind at the Rashtrapati Bhavan here.

The Prime Minister of the Kingdom of Denmark is the first head of government the president has received since the start of the COVID-19 pandemic, according to the statement released by Rashtrapati Bhavan.

Hailing Frederiksen, Kovind said that India and Denmark are longtime friends and that the warm and friendly ties between the two countries are rooted in history as well as in shared values ​​and aspirations.

“The recently launched Green Strategic Partnership between India and Denmark will make our relationship even stronger,” Kovind said in the statement.

The green partnership, finalized at a virtual summit between the prime ministers of the two countries, aims to create a framework for a significant expansion of cooperation in the fields of renewable energies, environment, economy, change climate, science and technology.

Kovind also invited the Queen of the Kingdom of Denmark, Margrethe II, to visit India next year, which would coincide with the momentous occasion of the golden jubilee of her reign and the 75 years of independence of the ‘India, according to the statement.

He said the Queen’s 1963 visit to India as Crown Princess is always warmly remembered in the country.

“The President thanked His Excellency and the government and people of Denmark for their solidarity during the second wave of the COVID-19 pandemic in India,” the statement said.


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Xi speaks with Japanese prime minister by phone https://ksupradio.com/xi-speaks-with-japanese-prime-minister-by-phone/ Fri, 08 Oct 2021 12:05:00 +0000 https://ksupradio.com/xi-speaks-with-japanese-prime-minister-by-phone/ BEIJING, Oct. 8 (Xinhua) – Chinese President Xi Jinping had a telephone conversation with Japanese Prime Minister Fumio Kishida on Friday. Noting that China and Japan are close neighbors, Xi, citing an ancient Chinese saying, stressed that good neighborliness is a country’s treasure. Maintaining and developing friendly and cooperative relations between China and Japan is […]]]>

BEIJING, Oct. 8 (Xinhua) – Chinese President Xi Jinping had a telephone conversation with Japanese Prime Minister Fumio Kishida on Friday.

Noting that China and Japan are close neighbors, Xi, citing an ancient Chinese saying, stressed that good neighborliness is a country’s treasure.

Maintaining and developing friendly and cooperative relations between China and Japan is in accordance with the fundamental interests of the two countries and their peoples, and is also conducive to peace, stability and prosperity in Asia and even the world, he added.

At present, Sino-Japanese relations face both opportunities and challenges, Xi said, adding that China appreciates the importance that the new Japanese government attaches to maintaining communication. high level between the two countries.

China, he said, is ready to work with Japan to strengthen dialogue and cooperation, and promote the building of a Sino-Japanese relationship that meets the demands of the new era in the spirit of taking history as a mirror and open up the future.

As next year marks the 50th anniversary of the normalization of Sino-Japanese diplomatic relations, China hopes that the two sides will revisit their initial aspirations and meet halfway to jointly embrace this important historical juncture and open up new perspectives. of development. bilateral relations, Xi said.

Xi stressed that China and Japan should seriously learn from the positive and negative experiences of bilateral relations, strictly adhere to the principles set out in the four political documents between them, and effectively implement the political consensus that they are cooperative partners and not threats. to one another.

The two countries, he added, should properly deal with the major sensitive issues concerning history and Taiwan among others, properly handle their differences and cling to the right direction, in order to maintain the political foundation and the overall situation. bilateral relations.

They should also strengthen exchanges on state governance and economic policy coordination, jointly preserve a fair and open environment for trade and investment, and achieve a higher level of economic complementarity and cooperation. win-win, in order to bring more benefits to the people of the two countries, Xi added.

Calling on the two countries to practice true multilateralism, he suggested that China and Japan, on the basis of their respective core interests and the common interests of mankind, perpetuate the East Asian wisdom of seeking harmony without uniformity and work together, actively promote cooperation, coordinate their response to global challenges and safeguard world peace, stability and development.

Xi also praised Japan for successfully hosting the Tokyo Olympics, and added that China welcomes Japan to actively participate in the Beijing Winter Olympics in February next year.

For her part, Kishida sent her congratulations on the Chinese National Day.

Under the current international and regional circumstances, Sino-Japanese relations are entering a new era, he noted.

Japan, he added, is willing to work with China to learn important lessons from the history of bilateral relations and to seize the 50th anniversary as an opportunity to make joint efforts to build a Japanese relationship. constructive and stable China that meets the demands of the new era.

The two sides should handle their differences through dialogue, he said, adding that Japan is ready to work with China to continuously strengthen economic cooperation and people-to-people exchanges, and intensify communication and cooperation. on important international and regional issues, such as COVID. -19 response and climate change.

Japan is looking forward to the successful conduct of the Beijing Winter Olympics, he added.

Both sides deem this conversation very timely and important, and they agree to continue to maintain interaction and communication through various means, in order to guide the development of bilateral relations in an appropriate manner.


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CO2 emissions from trade-related maritime transport | Nature Climate Change https://ksupradio.com/co2-emissions-from-trade-related-maritime-transport-nature-climate-change/ Thu, 07 Oct 2021 15:25:51 +0000 https://ksupradio.com/co2-emissions-from-trade-related-maritime-transport-nature-climate-change/ 1. Review of maritime transport 2019 (United Nations Conference on Trade and Development, 2019); https://unctad.org/en/PublicationsLibrary/rmt2019_en.pdf 2. Fourth IMO Greenhouse Gas Study (International Maritime Organization, 2020). 3. Bows-Larkin, A., Anderson, K., Mander, S., Traut, M. & Walsh, C. Shipping chart a high carbon path. Nat. Clim. Switch 5, 293-295 (2015). Google Scholar article 4. Peters, GP […]]]>
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    Hungary supports EU-Australia free trade agreement https://ksupradio.com/hungary-supports-eu-australia-free-trade-agreement/ Thu, 07 Oct 2021 06:59:29 +0000 https://ksupradio.com/hungary-supports-eu-australia-free-trade-agreement/ Despite a great distance between Hungary and Australia, bilateral economic cooperation “is continuously developing,” the Minister of Foreign Affairs and Trade said on Wednesday. Péter Szijjártó said on his Facebook page after talks with Dan Tehan, Australian Minister of Commerce in Paris, that bilateral trade turnover had increased by 49% per year, adding that Hungary […]]]>

    Despite a great distance between Hungary and Australia, bilateral economic cooperation “is continuously developing,” the Minister of Foreign Affairs and Trade said on Wednesday.

    Péter Szijjártó said on his Facebook page after talks with Dan Tehan, Australian Minister of Commerce in Paris, that bilateral trade turnover had increased by 49% per year, adding that Hungary would soon start exporting food products. to Australia.

    Hungary supports a free trade agreement between the European Union and Australia and regrets that negotiations have been postponed due to a conflict between Australia and France, Szijjártó said.

    Related article

    Foreign Minister Szijjártó calls for more free trade agreements with the EU

    Foreign Minister Szijjártó calls for more free trade agreements with the EU

    Establishing political or human rights conditions for trade deals will create a situation where there is no longer anyone to deal with, Szijjártó said.

    Hungary also supported the election of Australian Mathias Cormann as OECD secretary general, Szijjártó noted.

    Hungarian bank EXIM has set up an $ 800 million line of credit to help Hungarian businesses’ activities in Australia, Szijjártó said. The opening of a new Hungarian representation in Sydney will further promote Hungarian businesses, he added.

    Featured photo via Péter Szijjártó’s Facebook page


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    How trade could transform US-Indian relations https://ksupradio.com/how-trade-could-transform-us-indian-relations/ Wed, 06 Oct 2021 18:07:07 +0000 https://ksupradio.com/how-trade-could-transform-us-indian-relations/ President Joe Biden meets Indian Prime Minister Narendra Modi at the White House on September 24, 2021. Photo by Evelyn Hockstein / Reuters. The strategic relationship between the United States and India is one of the most important of the 21st century, but the failure of both sides to cultivate their commercial ties is holding […]]]>

    President Joe Biden meets Indian Prime Minister Narendra Modi at the White House on September 24, 2021. Photo by Evelyn Hockstein / Reuters.

    The strategic relationship between the United States and India is one of the most important of the 21st century, but the failure of both sides to cultivate their commercial ties is holding it back.

    When US President Joe Biden and Indian Prime Minister Narendra Modi first met in Washington last month under Biden’s presidency, their trade talks were limited and were only briefly mentioned in a joint statement. This superficial treatment suggests that trade has taken a back seat. Instead, it should be an inflection point for developing the US-India trade relationship, ideally to ultimately match the scale and importance of their strategic relationship. Their collaboration in the Quad Security Dialogue (with Australia and Japan) reflects common interests in combating China’s burgeoning regional hegemony and realizing the vision of a free and open Indo-Pacific.

    Skeptics who think it naïve to prioritize and strengthen business ties have compelling reasons. Serious efforts to do so in the past have proven unsuccessful (except in some delicious cases), as every country has a shaky history with Free Trade Agreements (FTAs): India has pulled out of the Economic Partnership. global regional and the United States abandoned the Trans-Pacific Partnership. The domestic political environment in both countries is also hostile to new trade deals, and some might argue that neither the United States nor India has shown a readiness to face the political challenges and the vocal opposition that result from related negotiations.

    In the absence of substantial trade agreements, the trade relationship between the United States and India – if measured by contractual obligations – is currently governed solely by the two countries’ membership of the World Trade Organization. (WTO). This is unfortunate because they have historically been seen as unofficial leaders of conflicting economic blocs (developed and developing countries), even though WTO alliances are more complex and variable than that. The WTO continues to fail to deliver meaningful results and pursue reforms, and the United States and India generally disagree on specific issues, from fisheries subsidies to approaches to reduce market distortions. in agricultural trade.

    It would be unrealistic to hope that the United States and India could suddenly collaborate multilaterally on trade, making the bilateral trade relationship even more essential to resolve specific trade issues and generate productive dialogue in the future. Yes, the value of US-India bilateral trade and cross-border investment continues to grow, but this part of the US-India relationship remains unstable. It is threatened by a series of risks, including regulatory trends that restrict economic integration and the threat of economic sanctions on India’s defense trade with Russia. To move towards stability (and ideally more), Washington and New Delhi will need to articulate a common vision for a deeper, broader and more integrated economic relationship. The arguments for a broader view of trade are becoming more and more convincing, especially as the trade relationship has stagnated even as the strategic relationship has taken a leap forward.

    While an FTA is unlikely in the short term, trade officials should at least start by laying the groundwork for an FTA. Piyush Goyal, India’s Minister of Trade and Industry, has previously urged the United States to establish some form of trade deal, and her meeting with US Trade Representative Katherine Tai at the US-India Trade Policy Forum more later this year could be a golden opportunity to pave the way for stronger trade and investment ties. Here’s what that vision might look like:

    1. Prepare the terrain. First, the United States and India should establish conditions before either party begins to take action to implement their vision. This means coordinating strategic and business goals more effectively going forward, leveraging the strategic relationship to resolve specific business irritants, and treating strategic and business interests as existing in overlapping areas.
    2. Tackle the priorities … The United States and India must urgently engage on critical emerging issues affecting trade. These include digital commerce (with a focus on data localization and e-commerce), climate change (with a focus on promoting green markets and avoiding future conflicts over policy measures. carbon border adjustment) and labor (with an emphasis on worker-centered trade policies). The latter is a priority for both countries, but the United States can push for commitments on specific labor rights, which India – like many other developing countries – can dismiss as arbitrarily confusing the trade with labor standards.
    3. … And the remaining issues. The two countries are expected to accumulate solid results on a range of outstanding issues such as market access restrictions, including tariffs and non-tariff barriers; regulatory alignment, in particular to respond to India’s growing desire to develop its own standards and testing requirements that could restrict both inbound and outbound trade; limits on trade in services, in particular restrictions on foreign investment and non-transparent or redundant licensing requirements; and intellectual property rights and other innovation policies in sectors of mutual interest, such as pharmaceuticals.
    4. Think long term. Finally, as Goyal suggested, Washington and New Delhi should develop a long-term vision for trade, including a roadmap towards possible FTA negotiations between the United States and India. Until that happens, each party will likely move further apart commercially, even as they cultivate closer ties with other business partners. Presenting a lucid and forward-looking vision will justify the allocation of the necessary resources to pursue it and possibly achieve it.

    There will be risks. In both countries, serious efforts to advance trade relations will face challenges in the form of protectionist sentiments and policies. Stories that characterize certain economic actors, such as Americans investing in India and vice versa, as insidious and of market, social or political dominance can delay any progress. This has been particularly evident in the digital economy, even as private sector investment between India and the United States promises higher growth rates and global competitiveness for both.

    Yet despite the risks, it would be worthwhile to establish a grand vision of the trade relationship between the United States and India. Biden and Modi are expected to play an active role in the deeper integration of their economies. Failure to do so means that trade and investment relations will falter, which is not in the strategic interest of either country.


    Mark Linscott is Non-Resident Senior Research Fellow at the South Asian Center of the Atlantic Council and former Deputy United States Trade Representative for South and Central Asian Affairs, and WTO and Multilateral Affairs .

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    Uzbekistan and Turkmenistan sign 23 bilateral documents https://ksupradio.com/uzbekistan-and-turkmenistan-sign-23-bilateral-documents/ Wed, 06 Oct 2021 03:35:00 +0000 https://ksupradio.com/uzbekistan-and-turkmenistan-sign-23-bilateral-documents/ Uzbekistan and Turkmenistan sign 23 bilateral documents AKIPRESS.COM – The Presidents of Uzbekistan and Turkmenistan adopted a joint declaration within the framework of the official visit of President Gurbanguly Berdimuhamedov. The joint statement given reflects the main outcomes of the high-level meeting, defines promising areas for further strengthening of the bilateral strategic partnership. The documents […]]]>

    Uzbekistan and Turkmenistan sign 23 bilateral documents

    AKIPRESS.COM – The Presidents of Uzbekistan and Turkmenistan adopted a joint declaration within the framework of the official visit of President Gurbanguly Berdimuhamedov.

    The joint statement given reflects the main outcomes of the high-level meeting, defines promising areas for further strengthening of the bilateral strategic partnership.

    The documents signed between ministries and regions of two countries were exchanged in the presence of heads of state.

    The countries signed the following documents:

    – agreement on the creation and regulation of the Uzbek-Turkmen cross-border trade zone;

    – agreement on increasing bilateral trade and expanding mutually beneficial partnership links between enterprises and enterprises;

    – protocol on the organization of the exchange of advance information on goods and vehicles crossing the customs border;

    – agreement on the simplification of visa procedures for the business community;

    – protocol with additions to the agreement on reciprocal movements of citizens of November 19, 2004.

    Documents were also signed on expanding cooperation in transport, transit transport, water-saving technologies, justice, social protection, statistics, quarantine and plant protection, science and culture.

    A total of 23 agreements were signed on almost all areas of multi-faceted bilateral cooperation.


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    Lebanon and Iraq sign cooperation agreement https://ksupradio.com/lebanon-and-iraq-sign-cooperation-agreement/ Tue, 05 Oct 2021 15:43:20 +0000 https://ksupradio.com/lebanon-and-iraq-sign-cooperation-agreement/ BEIRUT: Lebanon and Iraq signed an agreement on Monday to strengthen cooperation between their respective chambers of commerce, industry and agriculture. The agreement obliges the two countries to facilitate the exchange of business and information for their businessmen while encouraging increased bilateral trade activities, a statement from the Chamber of Commerce, Industry and Industry said. […]]]>

    BEIRUT: Lebanon and Iraq signed an agreement on Monday to strengthen cooperation between their respective chambers of commerce, industry and agriculture.

    The agreement obliges the two countries to facilitate the exchange of business and information for their businessmen while encouraging increased bilateral trade activities, a statement from the Chamber of Commerce, Industry and Industry said. of Beirut Agriculture.

    The agreement was signed on the sidelines of the Iraqi-Lebanese business conference held at the chamber’s headquarters in Beirut and attended by officials from both countries.

    Chamber President Mohamed Choucair stressed the importance of the conference in the context of the economic slowdown caused by the Covid-19 pandemic.

    “The responsibility of the private sector is enormous and serious work is needed to move forward on the path of our bilateral economic relations,” he said.

    Iraqi Ambassador to Lebanon Haidar Al-Barrak suggested holding the conference on an annual basis, hoping that it will be held each time in one of the governorates that urgently need reconstruction projects in both countries.

    For his part, Lebanese Minister of Industry George Boujikian said that the new government aims to activate economic and trade relations, sign agreements with Iraq and reduce tariffs on Lebanese industrial products exported to Iraq.


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    US will defend economic interests against China, USTR Tai says https://ksupradio.com/us-will-defend-economic-interests-against-china-ustr-tai-says/ Mon, 04 Oct 2021 20:43:50 +0000 https://ksupradio.com/us-will-defend-economic-interests-against-china-ustr-tai-says/ WASHINGTON – U.S. Trade Representative Katherine Tai denounced China’s unfair trade practices and pledged to protect U.S. economic interests in a speech Monday, adding that the Biden administration would rally allies to push back the second Mondial economy. “Our goal is not to stir up trade tensions with China,” Tai said in a speech to […]]]>

    WASHINGTON – U.S. Trade Representative Katherine Tai denounced China’s unfair trade practices and pledged to protect U.S. economic interests in a speech Monday, adding that the Biden administration would rally allies to push back the second Mondial economy.

    “Our goal is not to stir up trade tensions with China,” Tai said in a speech to an audience at the Center for Strategic and International Studies, a Washington-based think tank.

    “But above all, we must defend our economic interests to the end and that means taking all necessary measures to protect ourselves against the waves of damage inflicted over the years by unfair competition,” said Tai, the most senior official. commercial of the country.

    In his remarks, Tai last week confirmed a CNBC report saying that the Biden administration believed Beijing had failed to comply with the phase one trade deal.

    According to the deal, which was negotiated under President Donald Trump and signed in January 2020, Beijing has agreed to purchase at least $ 200 billion more in US goods and services in 2020 and 2021, compared to 2017. However , based on US export data. compiled by the Peterson Institute for International Economics, China only achieved 62% of this target.

    The deal is expected to expire at the end of 2021.

    Tai told CNBC’s Kayla Tausche in an exclusive interview on Monday that she was eager to lead negotiations with the Chinese on behalf of the Biden administration, despite Beijing’s apparently little appetite to improve bilateral relations.

    “Honestly, I don’t know if I can trust Beijing until I talk to Beijing,” Tai said of China’s loopholes on the phase one deal. “We don’t know what we can accomplish until we try,” she added.

    Last week Tai, alongside Secretary of Commerce Gina Raimondo and Secretary of State Antony Blinken, met with leaders of the European Union at the inaugural meeting of the United States- EU.

    The TTC meeting in Pittsburgh to discuss ways to deepen cooperation on trade and technology signals the Western ambition to compete more effectively with China.

    “America is more efficient when we work with our allies,” Raimondo told CNBC ahead of the US-EU meeting. “If we really want to slow down the pace of innovation in China, we have to work with Europe.

    Likewise, Tai said in his speech on Monday that the Biden administration would work closely with US allies and like-minded partners “to build truly fair international trade that allows healthy competition.”

    “We must be ready to deploy all tools and explore new development, including collaborating with other economies and countries. And we must chart a new course to change the trajectory of our bilateral trade dynamics,” said Tai.


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    Russia strengthens trade relations with Bangladesh – OpEd – Eurasia Review https://ksupradio.com/russia-strengthens-trade-relations-with-bangladesh-oped-eurasia-review/ Sun, 03 Oct 2021 23:53:28 +0000 https://ksupradio.com/russia-strengthens-trade-relations-with-bangladesh-oped-eurasia-review/ Bangladesh has requested Russian cooperation to export goods. The newly appointed Russian Ambassador to Bangladesh met with the Minister of Commerce on September 20, 2021. Commerce Minister Tipu Munshi said garments made in Bangladesh are exported to the Russian market via other countries due to various complications. Complications have been identified. Efforts are also underway […]]]>

    Bangladesh has requested Russian cooperation to export goods. The newly appointed Russian Ambassador to Bangladesh met with the Minister of Commerce on September 20, 2021.

    Commerce Minister Tipu Munshi said garments made in Bangladesh are exported to the Russian market via other countries due to various complications. Complications have been identified. Efforts are also underway to resolve them. If the problems are resolved, it will be possible to export a large number of Bangladeshi products to the Russian market. He also mentioned the sincere cooperation of the Russian government in the direct export of ready-made clothes and other products.

    The Minister of Commerce made the remarks during an exchange of views with the newly appointed Russian Ambassador to Bangladesh Alexander Vikentevich Mastitsky at the Office of the Minister of Commerce at the Secretariat on September 20, 2021. This information was provided in the press release of ministry press.

    The Minister of Commerce said: “There is a huge demand for various products including garments made in Bangladesh in the Russian market. There are many opportunities to increase Bangladesh’s trade with the country. It is not possible to increase trade with Russia due to transactions in banking channels and some tariff complications.

    At the time, the new Russian Ambassador to Bangladesh, Alexander Vikentevich Mastitsky, said: “Russia wants to increase trade and investment with Bangladesh. There is a lot of demand for Bangladeshi products in Russia. Trade and investment in the two countries will increase if current trade barriers are removed. The Russian government is sincere in overcoming the ongoing problems. Russia wants to be a partner in the development of Bangladesh.

    “Bangladesh, in cooperation with Russia, wishes to increase its exports to Russia, the Eurasian Economic Union and other CIS countries,” he said.

    It can be mentioned that in the last fiscal year 2020-2021, Bangladesh exported goods worth US $ 665.31 million to Russia. During the same period, it imported goods worth 466.70 million. Bangladesh will import 100,000 tonnes of wheat from Russia. Bangladesh has decided to import 100,000 tonnes of wheat from Russia to meet the growing demand for the staple food in the country.

    The government made the decision at a meeting on Wednesday, according to Shamsul Arefin, deputy secretary of the Cabinet Division. The price would be finalized later by the Cabinet Committee on Public Procurement, he said.

    At the meeting, state-owned Karnaphuli Fertilizer Company Limited (KAFCO) also received approval to purchase 100,020 tonnes of urea fertilizer from Qatar and Saudi Arabia.

    Meanwhile, 40,000 tonnes of heating oil are imported from Indonesia at a cost of Tk 1.74 billion to the Bangladesh Petroleum Corporation.

    Russia will offer 75 scholarships to Bangladeshi students. Russia has announced 75 scholarships for Bangladeshi students during the current academic year. The information was given during a press conference at the Russian House in Dhaka on Thursday afternoon September 23.

    Russia to offer 75 scholarships to Bangladeshi students The Russian House hosted the press conference on the occasion of the International Journalists’ Solidarity Day. Mr. Maxim Dobrokhotov, director of the Russian House in Dhaka, underlined the very important contribution of the national media in the daily public life and wished the Bangladeshi journalists good luck in their professional functions. He pointed out that online journalism is now very popular in Bangladesh and plays a prominent role in the media. Dobrokhotov underlined the traditionally strong ties between Bangladesh and Russia and hoped these ties would be even stronger in the future.

    He also mentioned that the Russian House in Dhaka is working hard on educational activities including the selection of applicants for government scholarship programs at Russian universities to make future qualified citizens of Bangladesh.

    He said the Russian government has awarded 75 scholarships to Bangladeshis in the 2021-2022 academic year. It is hoped that this number can increase further in the coming year. On this occasion, he highlighted the important cultural and historical events of the Russian House this year and the plans for the future.

    At the end of the press conference, Barek Kaiser, doctoral student at the Faculty of Journalism of the University of Peoples’ Friendship of Russia, handed his book “Bangabandhu in Russia” to Maxim Dobrokhotov, director of the Russian House.

    Russia has expressed interest in purchasing mangoes from Bangladesh. According to a press release issued Wednesday by the Ministry of Agriculture, Russian Ambassador to Bangladesh Alexander V. Montitsky expressed this interest during a meeting with Minister of Agriculture Abdur Razzak at the Secretariat.

    Mantitsky told the meeting that mangoes from Bangladesh are very tasty and of good quality. Russia has enormous potential for mango exports. Russia wants to buy mangoes.

    Bangladesh is the seventh largest mango producer in the world, according to the Agricultural Extension Department. In Bangladesh, 2.5 million tonnes of mango were produced on 200,000 hectares of land this season. Last season 24 lakh 6,000 tonnes of mango were produced on 1 lakh 90,000 hectares of land. Exporters exported 691 tonnes of mangoes in fiscal year 2020-21.

    The agriculture minister said Bangladesh is keen on importing diammonium phosphate (DAP) and potassium fertilizers from Russia. He said the country’s farmers are encouraged to use DAP fertilizers.

    He said, “The use of DAP fertilizer in Bangladesh is increasing day by day, because the current government has reduced its price from Tk 90 per kg to Tk 18. We want to sign a memorandum of understanding on importing DAP and potassium from Russia.

    Bangladesh has been importing MOP fertilizers from Russia since 2013 and there is a Memorandum of Understanding between the two countries in this regard.

    In addition, the Minister of Agriculture asked the Russian Ambassador to reconsider the importation of potatoes from Bangladesh to Russia. He said, “The government of Bangladesh has taken many steps to make potatoes bacteria-free and safe. The country now produces many high quality potatoes. Russia could start importing potatoes again.

    Russia banned potato exports from Bangladesh in 2014 due to brown rot in potatoes. The Russian Ambassador assured that the necessary measures would be taken to import potatoes.

    Russia wants to increase cooperation in the energy sector

    Russia wants to increase cooperation in the energy sector. Russia wants to increase cooperation in Bangladesh’s energy sector. Russian Ambassador to Bangladesh Alexander Vikenteviz Mantitsky expressed this interest during a meeting with Minister of State for Energy, Energy and Mineral Resources Nasrul Hamid at the Secretariat on Monday August 18. This information was given in the press release from the Ministry of Energy, Energy and Mineral Resources.

    During the meeting, they discussed various issues of common interest. The Russian Ambassador said that Russia is keen to increase cooperation in Bangladesh’s energy sector. Stressing the signing of the MoU to expand cooperation in various energy fields on the basis of mutual consent, he said the two countries would benefit from an acceleration. Russia can also contribute to Bangladesh’s energy security and deep-sea exploration activities, the ambassador said.

    Calling Russia a trusted friend, the state minister said Russia could cooperate to provide training for Bangladeshi engineers. We can also use the experience of Russia in oil and gas exploration in Onsor (sea area). The electricity and energy sector is constantly growing. A secure investment environment has been created. The minister of state also said that Bangladesh would welcome investments from Russian public and private companies.

    Russia has expressed interest in investing in various fruit processing and food storage facilities in Bangladesh.

    Russian Ambassador to Bangladesh Alexander Vikentevich Mantitsky on Tuesday paid a courtesy visit to Food Minister Sadhan Chandra Majumder at the Secretariat.

    During the meeting, they discussed various issues including the economic development of Bangladesh and the expansion of bilateral trade and commerce.

    Sadhan Chandra Majumder said that Russia’s relations with Bangladesh are very good. This relationship is gradually spreading in various fields including trade and investment. He recalled with gratitude Russia’s cooperation in rebuilding the economy and infrastructure of Bangladesh, a post-independence war-torn country.

    The Minister of Food said that the current government, under the leadership of Prime Minister Sheikh Hasina, is working tirelessly for the betterment of the people of the country. As a result, Bangladesh is rapidly improving its socio-economic indicators. He mentioned that the government is working to ensure the food security of the population as well as to build a sustainable food management.

    The Russian Ambassador said that there is immense potential for trade and investment between Bangladesh and Russia. Russia wishes to take this opportunity to play a role in achieving food security in Bangladesh.

    Food secretary at the time. Moshammat Nazmanara Khanum, Director General of the Food Department Sheikh Mujibur Rahman, President of the Food Safety Authority Abdul Qayyum Sarkar and charge d’affaires of the Russian Embassy in Dhaka Sergei Papov were present.

    (The information is taken from various Bangladeshi media)


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