Local businesses receive inquiries for products worth $400m
Sunday, 9 November 2008
FE Report
The three-day German Trade Show 2008 concluded in the city Saturday, where the local entrepreneurs had trade inquiries for export of products worth around $400 million, the chief of the Bangladesh-German chamber said.
Bangladesh German Chamber of Commerce and Industry (BGCCI) President Saiful Islam said the trade show, arranged for the first time in Dhaka, created huge enthusiasm among local and foreign entrepreneurs, and also paved the way for further bolstering bilateral trade between two countries.
"Local entrepreneurs received trade inquiries worth around $400 million for export of products like leather and leather goods, cosmetics, garments and vessels to Germany," he said.
He also said Western Marine Shipyard Ltd, a local shipbuilding company, received an order from an European company for building 12 medium size vessels at a cost of around euro 100 million.
The BGCCI President said 12 local and 47 German companies set up 103 stalls in the trade show, organised by the BGCCI in collaboration with the German Embassy in Dhaka and GTZ, to showcase their products and enhance the existing harmonious relationships between Bangladesh and Germany.
"The first-ever German trade show also helped our manufacturers to be introduced with the latest German technologies, use of which can help them get better output," he added.
Replying to a question, Islam said: "We have planned to arrange German Trade Show after every two-year, as there is a huge request from entrepreneurs for such show."
"We are really impressed with the presence of participants in the show. Around 20,000 locals and foreigners visited the show," he said.
Islam said the show will help boosting the country's export to Germany, as a number of local entrepreneurs availed the opportunity of sharing views with the German businessmen, the second largest destination of Bangladesh's export products after the US.
Bangladesh's exports to Germany increased from Euro 1172.45 million in 2005 to Euro 1556.60 million in 2006, recording a hike of 33.76 per cent. Besides, Bangladesh's exports to the country in the past eight months of this year marked 10 per cent increase compared to that of 2007.
The BGCCI President said: "As we enter into an era of global financial turmoil and worldwide economic instability, we realise from statistics alone the shift of economic power and financial strength from the west to the east."
The three-day German Trade Show 2008 concluded in the city Saturday, where the local entrepreneurs had trade inquiries for export of products worth around $400 million, the chief of the Bangladesh-German chamber said.
Bangladesh German Chamber of Commerce and Industry (BGCCI) President Saiful Islam said the trade show, arranged for the first time in Dhaka, created huge enthusiasm among local and foreign entrepreneurs, and also paved the way for further bolstering bilateral trade between two countries.
"Local entrepreneurs received trade inquiries worth around $400 million for export of products like leather and leather goods, cosmetics, garments and vessels to Germany," he said.
He also said Western Marine Shipyard Ltd, a local shipbuilding company, received an order from an European company for building 12 medium size vessels at a cost of around euro 100 million.
The BGCCI President said 12 local and 47 German companies set up 103 stalls in the trade show, organised by the BGCCI in collaboration with the German Embassy in Dhaka and GTZ, to showcase their products and enhance the existing harmonious relationships between Bangladesh and Germany.
"The first-ever German trade show also helped our manufacturers to be introduced with the latest German technologies, use of which can help them get better output," he added.
Replying to a question, Islam said: "We have planned to arrange German Trade Show after every two-year, as there is a huge request from entrepreneurs for such show."
"We are really impressed with the presence of participants in the show. Around 20,000 locals and foreigners visited the show," he said.
Islam said the show will help boosting the country's export to Germany, as a number of local entrepreneurs availed the opportunity of sharing views with the German businessmen, the second largest destination of Bangladesh's export products after the US.
Bangladesh's exports to Germany increased from Euro 1172.45 million in 2005 to Euro 1556.60 million in 2006, recording a hike of 33.76 per cent. Besides, Bangladesh's exports to the country in the past eight months of this year marked 10 per cent increase compared to that of 2007.
The BGCCI President said: "As we enter into an era of global financial turmoil and worldwide economic instability, we realise from statistics alone the shift of economic power and financial strength from the west to the east."