FBCCI seeks investment from Australia

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought investment from Australian entrepreneurs and enterprises, reports BSS.
FBCCI also proposed to establish a Comprehensive Economic Partnership Agreement (CEPA) or a Regional Trade Agreement (RTA) between Bangladesh and Australia to bolster market access and stimulate investment between the two countries.
FBCCI, the country's apex trade body, stressed the importance of creating a direct shipping route between Chattogram and Sydney to reduce logistical costs and enhance competitiveness.
FBCCI also reaffirmed its commitment to providing all kinds of support to Australian investors to set up their businesses in Bangladesh, said a press release.
FBCCI Vice President Dr. Joshoda Jibon Deb Nath made this call during a seminar titled, "Strengthening Bilateral Trade and Investment between Bangladesh and Australia," held on Wednesday at the Four Seasons Hotel in Sydney, Australia, said a press release.
The seminar was hosted by FBCCI in association with the High Commission of Bangladesh in Canberra, Australia.
The seminar was supported by the Consulate General of Bangladesh in Sydney, Australia.
While addressing the seminar, Dr. Joshoda emphasized the potential for enhanced Bangladesh-Australia cooperation across key sectors, including pharmaceuticals, IT services, agricultural technology, renewable energy and education.
He added that vast untapped potential remains in the economic and business relations.