BD keen to boost bilateral trade ties with Algeria

Bangladesh has shown keen interest to enhance bilateral trade and economic ties with Algeria in potential business sectors like apparels making, pharmaceuticals and industrial raw materials sourcing like LNG, metals, electronic and light engineering products.

"Bangladesh is eager to boost bilateral trade and economic ties with Algeria", Foreign Secretary Md Jashim Uddin said after meeting with the President of Algerian Chamber of Commerce and Industry (ACCI) in Algiers on Tuesday, as per a message received on Wednesday.

The Foreign Secretary is now leading a Bangladesh delegation in Algiers for the second Foreign Office Consultation between the two countries.
Highlighting the expanding bilateral trade, the Bangladesh Foreign Secretary expressed optimism that more could be done if more and more business enterprises from both the countries explore further avenues of engagement.

He presented the potential areas of trade that could happen between the two countries, the message said.

Jashim also suggested that ACCI could explore the possibility of joint ventures with Bangladesh in the areas of ship building, ICT and agriculture.

The President of Algerian Chamber of Commerce and Industry expressed Algeria's readiness in deepening the economic ties with Bangladesh.

He acknowledged Bangladesh's achievements in export-oriented industries and underscored the potentials for increased trade in energy, construction, and agro-processing sectors.

The Foreign Secretary echoing similar sentiment laid out joint action plans which includes among others, an online meeting to kick off the bilateral interaction for 2025, facilitating the participation in each other's international trade fairs, formation of joint business forum, exchange of business delegations in each other's capitals.

They also agreed upon signing a MoU, pending for signature between FBCCI and ACCI.

The President of Algerian Chamber of Commerce and Industries welcomed the proposals of Bangladesh Foreign Secretary and said Algeria would encourage more interactions of business from both countries.

It would encourage participation of Bangladeshi companies to their upcoming International Trade Fair and Intra Africa Trade Fair to be held in Algiers in June and September 2025 respectively.

He assured that his Chamber will accord priority to proposals and help implement the recommendations.

The meeting concluded with a shared commitment to strengthening Bangladesh-Algeria trade relations, fostering economic growth, and promoting business-to-business connections between the two friendly nations.

President of Tizi Ouzou Province Chamber of Commerce, President of Boumerdes Province Chamber of Commerce and Secretary General of ACCI were present in the meeting. �BSS