BUILD, ITC ink MoU

Business Initiative Leading Development (BUILD), a Public Private Dialogue (PPD) platform recently signed a Memorandum of Understanding (MoU) with the International Trade Centre (ITC)- a joint agency of the World Trade Organisation and the United Nations to support joint research linked to enabling trade and business environment in Bangladesh.

The MoU was countersigned by Nihad Kabir, Chairman of the Trustee Board of BUILD and Gerard Lynch, Director of Division Program Support of ITC.

The purpose of MoU is to provide the framework for cooperation between BUILD and the Trade and Market Intelligence (TMI) and the Trade Facilitation and Policy for Business (TFBP) sections of ITC in enabling trade and business environment of Bangladesh.

Subject to availability of funds, BUILD and ITC agreed to cooperate on five main areas including organising and participating in Public Private Dialogues (PPD), seminars, business conferences and other similar events on issues related to international trade issues, national trade policies and reforms.

Specific areas of collaboration under the MoU include identifying common regulatory barriers in national and international trade and in proposing solutions for eliminating barriers, developing joint efforts in fund raising for implementation of activities to improve trade and business environment in Bangladesh.

The parties will regularly monitor and review their activities under this MoU, and evaluate the results of the implementation in order to ascertain whether the objectives have been met and enable them to formulate recommendations on expansion of cooperation.

Under this MoU, BUILD and ITC will be represented by Ferdaus Ara Begum, Chief Executive Officer, BUILD and Mondher Mimouni, Chief of Trade and Market Intelligence section, Division of Market Development, ITC.