Import of GFC fans, Kinnows and Basmati rice: Bangladesh businessmen sign three agreements worth $8 million at Expo 2013

Kinnows and Basmati rice
Kinnows and Basmati rice

October 01, 2013

Three memorandums of understanding (MoUs) have been finalised between Bangladeshi buyers and Pakistani companies. The signing ceremony was held at Expo Convention in the presence of Mrs Shahida Qaiser, Director Investment /B2B TDAP, Riazuddin Qureshi DG Board of Investment Sindh and Commercial Attache of Pakistan at Dhaka Ms Farah Farooq.

GFC Fans has agreed to provide 150,000 fans to Nurul Islam a Bangladeshi delegate representing Shuba Enterprises and Z&Z Corporation Bangladesh worth five million dollars for FY 2013-14. Another major agreement amounting to two million dollars took place between Tasho Enterprises Bangladesh and Roshan Enterprises Pakistan for export of kinnows to Bangladesh from November this year. Tasho Enterprises who is the biggest importer of fresh fruits, vegetables, dry fruit, dates and other food items visiting Pakistan as a delegate from Bangladesh has also got a purchase order of Basmati Rice from MATCO Rice worth almost half million dollar.

Earlier, during the day at a meeting held with TDAP Secretary Mrs Rabia Javery Agha, the Bangladeshi delegation informed her about the Pakistani products having huge demand like ladies fabric and designer wear lawns, footwear, pharmaceutical raw material and medicines, spices, marble and the emerging market of mini trucks. On the existing trade volume between Bangladesh and Pakistan which is not very impressive, it was shared by the delegation that due to certain barriers to trade like restrains on business visas which the entrepreneurs from both the sides recurrently faced, non-signing of Free Trade Agreement (FTA) between the two countries and lack of implementation of regional agreement the South Asian Free Trade Agreement in its true spirit by the two countries that the progress on increasing trade relations and business remained slow.

While talking to the media, Commercial Attache of Pakistan in Bangladesh informed that a 20-member delegation has arrived this year to attend Expo 2013 with leading importers of food, sports, surgical goods, food processing and textile raw material, machinery and plants some of whom are already importing goods from Pakistan. Whereas, this year three buyers from other potential areas are also attending expo like marble, chain superstores/retail outlets and pharmaceutical. She emphasised upon the need for more active interaction and linkages between the chambers, trade bodies and associations of both the countries in promoting mutual commercial interest of both countries.-PR Courtesy Business Recorder.

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