Sherpa Hossainy's Blog

German trade show eyes advancing relations

Posted in Bangladesh, Business, Dhaka, Export and Import by Sherpa Hossainy on November 3, 2011

Published in The Independent on 28 October 2011

Read the article on Independent website

Digital print version

The bilateral trade between Bangladesh and Germany is growing at a significant pace as the mutual ties were fortified in the areas of trade and politics recently, commerce minister Faruk Khan said on Thursday.

“The relation between the two countries has flourished based on mutual confidence and it’ll continue to grow,” the commerce minister said while inaugurating the three-day “German Trade Show 2011” at Bangabandu International Conference Centre in the city.

Bangladesh German Chamber of Commerce and Industry (BGCCI) organised the show where German ambassador to Bangladesh Holger Michael, BGCCI president Saiful Islam and executive director Daniel Seidl were also present.

Faruk Khan said the upcoming visit of the German President to Dhaka will be very significant in strengthening the bilateral relations. Germany’s Federal President Christian Wulff is likely to arrive in Dhaka on November 28, which will be the first visit by a German head of state in last 25 years.

Khan emphasised the need to increase exports to Germany and hoped that the trade show would focus more potentials in trade and investment relation between the two countries.

German ambassador Holger Michael said, “Bangladesh and Germany not only have political and business cooperation, we have cooperation in development, environmental, educational and cultural sectors.”

He said there were successful talks during the visit of Prime Minister Sheikh Hasina, foreign minister Dipu Moni and commerce minister Faruk Khan to Germany in the last few months.

BGCCI president Saiful Islam said Bangladesh now holds the third position instead of the previous seventh in terms of exports to Germany. He hoped of more German investments in Bangladesh.

Islam said the two ways trade was at $4 billion in fiscal year 2010-11, with 80 per cent trade was in favour of Bangladesh. The trade show aims to build on the outstanding Bangladesh-German trade relationship, he said.

Bangladesh exported goods worth $3.43 billion to Germany and imported goods worth $691.30 million in fiscal 2010-11, according to the commerce ministry of Bangladesh.

German chamber executive director Daniel Seidl said interests of German companies on Bangladesh market had increased vigorously in recent times.

Organisers say it is the biggest ever trade show in the country and almost 70 top companies from Germany and Bangladesh are showcasing their offerings from diverse industries including RMG, shipbuilding, energy, IT, logistics and pharmaceuticals.

The BGCCI president said they expect over 25,000 visitors in the three-day trade show, which will end on October 29. Having 200 plus memberships, BGCCI is the largest bilateral chamber in Bangladesh.

The first ever German Trade Show in Bangladesh was from 6-8 November 2009 where 60 companies and organisations exhibited their products and services.

Two Nobel laureates — Prof Muhammad Yunus of Bangladesh and German climate change expert Prof Wolfgang Cramer — are scheduled to deliver lectures at the seminars in the fair.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: