BD trade economy to turn $100b soon: ICCB

June 01, 2014 00:00:00

ICCB President Mahbubur Rahman (3rd from left) seen at the inaugural session of the ICC Knowledge Centre Trade Workshop on Incoterms 2010 and URDG at a city hotel Saturday. Director of Trade and Investment British High Commission, Dhaka, Justin Davies, me

President of the International Chamber of Commerce, Bangladesh (ICCB) Mahbubur Rahman Saturday said Bangladesh's trade economy would soon stand at US$100 billion, reports UNB.

"Bangladesh economy is growing up despite the unstable situation in 2013. It's expected that Bangladesh trade economy is going to touch $100 billion in near future," he said.

The top business leader said Bangladesh needs to create a congenial environment to attract both domestic and foreign direct investments for setting up basic industries, without which the country cannot sustain its growth momentum and achieve the aim of becoming middle country within next few years, he added.

Mr Rahman made the remark while inaugurating ICC knowledge centre workshop on Incoterms 2010 and Uniform Rules for Demand Guarantees (URDG) at a city hotel.

He said he must congratulate the private sector, particularly the export industries, namely readymade garments, leather, pharmaceuticals and also the shipbuilding industry.

"I must also thank our hard-working migrant workers whose regular remittances of around $14 billion have helped meet our much-needed foreign exchange," said the ICCB president.

ICC Knowledge Centre is a joint initiative of the International Chamber of Commerce Bangladesh (ICCB) and HSBC Bangladesh.

It is a first-ever unique learning, networking and knowledge facilitation platform for the professionals of the local trade community, engaged with international trade in Bangladesh.

ICC Knowledge Centre Executive Committee chairman M Fazlul Hoque said ICC Knowledge Centre will play vital role for the trade specialists to enrich their knowledge.

Member, ICC Banking Commission and Secretary to the Banking Commission of ICC Czech Republic Pavel Andrle conducted the workshop and ICCB secretary general Ataur Rahman also spoke on the occasion.

Director of Trade and Investment British High Commission, Dhaka Justin Davies and country head of Global Trade & Receivable Finance (GTRF) HSBC Bangladesh Syed Javed Noor also attended the programme.