DHAKA, Jan 31, 2024 (BSS) - The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has expressed its keen interest in bolstering trade and economic ties with Mongolia.

"The country could serve as a potential destination for exporting skilled manpower to meet its growing labor market needs," said FBCCI President Mahbubul Alam at a courtesy meeting with Mongolian Ambassador Ganbold Dambajav today at FBCCI's office in the capital's Gulshan.

Mahbubul Alam highlighted the potential sectors for collaboration between Bangladesh and Mongolia, emphasizing the global recognition attained by Bangladeshi products such as ready-made garments, jute and leather products, footwear, medicines, plastic goods, textiles, ceramic products, light engineering, and electronic products.
 
The FBCCI President said that Prime Minister Sheikh Hasina has taken various initiatives to attract foreign investors, including the establishment of 100 special economic zones, tax exemptions for foreign investors, and one-stop services to create a favorable environment for foreign investment, said a press release.

He invited the Mongolian investors to explore the potential sectors of Bangladesh. Meanwhile, Ambassador of Mongolia Ganbold Dambajav expressed his interest in taking skilled manpower from Bangladesh for agriculture, ready-made garments and construction sectors.

He emphasized Mongolia's ample land for cultivation despite its small population, presenting an opportunity for collaboration. The Ambassador identified Mongolia as a potential significant source of raw materials for Bangladeshi garments and expressed interest in collaborating with the tourism sector.

The Ambassador also invited the Bangladeshi businessmen to explore opportunities in Mongolia. FBCCI director Kausar Ahmed, FBCCI International Wing Consultant ambassador Mosud Mannan and others were present at the program.