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Uruguay seeks increased trade with Bangladesh

Published : Friday, 2 February, 2024 at 12:00 AM  Count : 178
Business Correspondent
Non-resident Ambassador of Uruguay to Bangladesh Alberto A Guani who is based in New Delhi and now visiting Dhaka has laid emphasis on people-to-people relations between Bangladesh and Uruguay to understand development models of both counties
Alberto A Guani was talking to a group of selected journalists at a reception held at the Pan Pacific Sonargaon Hotel in the city on Wednesday.

Mayor of Dhaka North City Corporation Md Atiqul Islam was present as chief guest on the occasion. Managing Director of Dragon Group and Honorary Consul of Uruguay in Dhaka Mostafa  Quamrus Sobhan received the guests at the reception
Alberto A Guani congratulated the new government and praised Prime Minister Sheikh Hasinas role in the countrys tremendous development.

Though bilateral trade between two countries is below potentials, Bangladeshs export to the Latin Mercian country marked a sound growth during July-December period of 2023-24 fiscal year, he said.

Bangladeshs export to Uruguay, a rich member of South America, posted a sound growth during the July-December 2023 recording at 22459468.41 US dollars. Uruguay exports to Bangladesh on trhe other hand stood at US$56.97 million during 2022 as per COMTRADE database.

Emphasizing the peaceful and decent repatriation of Rohingya refugees in the Rakhine state, Ambassador of Uruguay Alberto A Guani said Uruguay supported Bangladesh on the Rohingya issue at the global levels in New York, Geneva and elsewhere.

Bangladesh is a leader in UN peacekeeping, and Bangladesh and Uruguay may sign an agreement to facilitate training and experience- sharing of Uruguayan peacekeepers in Bangladesh, he said.  

To question of FDI in Bangladesh, Alberto A Guani said that Uruguay had earlier conveyed its interest to sign an agreement on mutual avoidance of double taxation with Bangladesh.

The Latin American diplomat also suggested that Bangladesh may conclude the Bangladesh-Mercosur FTA as soon as possible to increase trade and investment in both directions.

The diplomat accredited to Bangladesh and based in New Delhi has expressed his keen interest to expand trade relation between Bangladesh and Uruguay gradually in the coming days.  

Praising enviable economic growth since the independence, he said that the Uruguay entrepreneurs may show interest to invest in Bangladeshs economic zones.

Uruguay also proposed to sign a visa waiver agreement with Bangladesh for the holders of diplomatic and official passports. Bangladesh is now working on this and soon send a draft to Uruguay for its consideration, said a MOFA official.



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