TDS Desk:

Speaking at a press conference at a Dhaka hotel Wednesday (8 January), the ambassador also expressed hope that import-related issues between both countries will be resolved soon.

“It has not been possible to import beef from Brazil to Bangladesh due to bureaucratic complications and lack of certification during the former regime,” he said.

“I had met with the then-commerce minister regarding this matter. I went to the Ministry of Commerce to obtain permission after going to the Ministry of Livestock. The officials accompanying the commerce minister provided various regulations in Bengali. Ultimately, permission to import beef was not granted,” he said.

The event was organised by the Brazil Bangladesh Chamber of Commerce & Industry (BBCCI) ahead of the Made in Bangladesh Exhibition to be held in Brazil’s Sao Paulo on 15-18 June.

Referring to agricultural products, he mentioned that Brazil is ready to export beef and poultry products to meet the demand for meat in Bangladesh.

During the press conference, the organisers said they are hoping for participation from over a hundred companies, showcasing products ranging from ready-made garments to pharmaceuticals, leather, and textiles at the Made in Bangladesh Exhibition in Brazil.

The BBCCI will host the exhibition to promote exportable goods, diversify markets, strengthen bilateral trade, and facilitate networking in Latin America, particularly Brazil.

Emphasising the immense potential for deepening trade relations between the two countries, Fernando said, “The exhibition is a significant step towards strengthening the ties between Brazil and Bangladesh.

“This initiative provides a platform for businesses to showcase their excellence and forge meaningful partnerships. I am confident this event will further enhance mutual understanding and pave the way for greater economic cooperation.”

He said, “If the price of beef per kilogram in Bangladesh is $5, it is 5 cents in Brazil. Through this expo, Bangladeshi products will not only be showcased in Brazil, but also create opportunities for technology transfer.”

During the press conference, Md Saiful Alam, vice president of the BBCCI, highlighted the chamber’s commitment to advancing bilateral trade and investment.

He said imports from Brazil to Bangladesh amount to $3 billion, but exports from Bangladesh to Brazil are only $1 billion dollars.

“The expo aligns perfectly with BBCCI’s vision of fostering economic collaboration and opening new avenues for Bangladeshi entrepreneurs. This is a golden opportunity for our exporters to penetrate new markets and elevate their businesses to a global stage,” he said.

“Whether you’re a leader in the garment industry, a pioneer in jute products, or a trailblazer in pharmaceuticals, this event is your gateway to international growth,” Saiful said while inviting Bangladeshi importers to seize this opportunity to build alliances with Brazilian counterparts and explore high-quality goods such as soybeans, sugar, and industrial machinery.

He also urged businesses to take advantage of the early bird registration, open until 31 January, with exclusive discounts available.

“With bilateral trade between Bangladesh and Brazil valued at $2.53 billion in 2022, the potential for exponential growth is undeniable. The expo offers a platform to explore synergies, such as Bangladesh’s jute aligning with Brazil’s sustainability goals and Brazilian industrial equipment supporting Bangladesh’s industrialisation,” he said.