• Saturday, Feb 04, 2023
  • Last Update : 10:24 am

Tipu seeks Russian support for ensuring direct export there

  • Published at 02:48 pm September 20th, 2021
Commerce Minister Tipu Munshi
File photo of Commerce Minister Tipu Munshi Mehedi Hasan/Dhaka Tribune

The commerce minister cited transaction and duty related complexities as barriers to increasing trade volume with Russia

Commerce Minister Tipu Munshi sought sincere support from Russia to ensure direct export of Bangladeshi products including RMG to their market.

Tipu said there is a huge demand for Bangladeshi products including RMG in Russian market, but the RMG exports are being done there through another country due to various complexities.

He said the existing complexities have already been identified while efforts are on to addressing those.

The minister made the remarks when newly appointed Russian Ambassador to Dhaka Alexander V Mantytskiy visited him at his Secretariat office on Monday.

Tipu also hoped that once these issues are addressed properly, the export of Bangladeshi products would increase manifold to Russian market for which there is a need for sincere support from the Russian side.

Saying that Russia is a friendly nation of Bangladesh, he added that Bangladesh always expresses its gratitude to Russia since the country played a very important role during the War of Liberation of Bangladesh.

The minister cited that the trade volume with Russia could not be increased to a big extent due to some complexities in transaction in the banking channel and also due to some complexities related to duty.

Also Read - Saudi minister: KSA keen to invest more in Bangladesh

He also hoped that with the help of Russia, Bangladesh would be able to boost its export to Eurasian Economic Union and CIS countries.

In response, the Russian envoy said that Russia attaches special importance to its relationship with Bangladesh and the country is interested in boosting its trade and investment relationship with Bangladesh.

Since there is a huge demand for Bangladeshi products in Russian market, Mantytskiy hoped that the bilateral trade and investment would increase in the coming days if the existing trade barriers are removed.

He said that the Russian government is very much interested to resolve the existing barriers and thus wants to be a development partner of Bangladesh.

According to official data, Bangladesh exported goods worth $665.31 million to Russia against the imports of $466.70 million in the last fiscal year (FY21).

Commerce Secretary Tapan Kanti Ghosh, Additional Secretary (export) M Hafizur Rahman, Additional Secretary (FTA) Nur Md Mahbubul Haque were present, among others, on the occasion.

Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail