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Bangladesh, Singapore trade bodies sign four MoUs

| Updated: March 13, 2018 19:07:23


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Bangladesh and Singapore have inked four MoUs at the signing ceremony in the opening session of the Bangladesh-Singapore Business Forum 2018 in Singapore.

Trade bodies and government agencies of the two Asian countries on Tuesday signed the Memoranda of Understanding (MoUs) for collaboration over ICT, trade and investment, reports UNB.

International Enterprise Singapore, Singapore Business Federation and Bangladesh Business Chamber of Singapore (BDCham) jointly organised the business forum at the Shangri-La Hotel in the island city.

Prime Minister Sheikh Hasina witnessed the signing, said the report.

Bangladesh Investment Development Authority (BIDA) and International Enterprise Singapore (IE Singapore) signed an MoU on collaboration of investment activities into Bangladesh.

BIDA Executive Chairman Kazi Aminul Islam and Acting CEO of IE Singapore Kathy Lai inked the deal on behalf of their respective sides.

According to the MoU, the two agencies will work together to facilitate the entry of Singaporean companies, including SMEs, into Bangladesh.

ICT Division of Bangladesh and Institute of Systems Science of the National University of Singapore (NUS-ISS) inked another MoU.

The second MoU was signed on digital leadership, innovation and digital government transformation between the ICT division and NUS-ISS.

ICT Division Secretary Subir Kishore Choudhury and NUS-ISS CEO Khoong Chan Meng inked the deal on behalf of their respective parties.

According to the MoU, both parties will collaborate on developing and delivering capacity building programmes for public service officers in support of the Digital Bangladesh Vision 2021 Programme and provide advisory and consulting for relevant national projects and initiative.

Besides, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Singapore Manufacturing Federation (SMF) inked another deal to strengthen business relations and promote economic cooperation.

FBCCI President Mohammad Shafiul Islam and SMF President Douglas Foo signed the agreement.

The remaining MoU was signed Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka and SMF to strengthen business relations and promote economic cooperation.

MCCI President Nihad Kabir and SMF President Douglas Foo signed the deal on behalf of their respective sides.

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