Moscow and Dhaka discussed expanding ties in energy, agriculture, and fertilizers

Trade bodies representing Bangladesh and Russia have signed a pact aimed at removing barriers to boost investment and cooperation between the two countries.

The Federation of Bangladesh Chambers of Commerce and Industry and the Russia-Bangladesh Business Council signed a memorandum of understanding on Thursday as the two nations seek to boost bilateral trade, currently pegged at nearly $2 billion.

“By combining our respective strengths, resources, and expertise, we can unlock significant new opportunities for mutual benefit,” Russian Ambassador to Bangladesh Aleksandr Khozin said.

He added that, to achieve this, the two countries need to remove existing barriers in regulation and logistics.

The pact was signed on the sidelines of a meeting of the meeting of the Bangladesh-Russia Intergovernmental Commission, a government to government mechanism that the countries have established to facilitate trade and investments.

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