A memorandum of understanding (MoU) has been signed with Argentina to export Bangladeshi garment products and directly import food products by TCB. The MoU was signed between the Ministry of Commerce and Argentina at the Secretariat on February 28.
According to the MoU, Bangladesh will export manufactured garments along with, jute and jute products, leather and leather products, and high-quality pharmaceuticals. On the other hand, Bangladesh can import soybeans, animal vegetable fats and oils, oilseeds, fruits, dairy products, and natural honey.
Argentina’s Foreign Minister Santiago Cafiero presented a jersey of Lionel Messi to Bangladesh at the signing ceremony and a painting was given as a gift from Bangladesh. Besides, the Argentine minister was also given leather bags, jute goods, and other gifts.
At that time, Santiago Cafiero said, we are taking initiatives to strengthen economic relations through Bangladesh’s love for Argentina based on football.
Commerce minister Tipu Munshi said that Bangladesh now imports products worth 500 million dollars from Argentina. But Bangladeshi products are not much exported there. Through this MoU, we will gradually increase exports there and imports will also increase. Besides, TCB will be able to directly import various food products from there.
Referring to Argentina as an important trading partner of Bangladesh and one of the major food producing countries in the world, Tipu Munshi said that Bangladesh can export apparel to Argentina and it will be a new market for our ready-made garments industry.
Exports of goods to Argentina have been increasing, albeit in limited form, over the past few years. In the last financial year, Bangladesh exported readymade garments worth $100 million to Argentina.