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Russia, Bangladesh express willingness to sign Free Trade Agreement

Xinhua 2009-02-10

Russia, Bangladesh express willingness to sign Free Trade Agreement

DHAKA, Feb. 10 (Xinhua) — Dhaka and Moscow on Tuesday expressed their willingness to sign a Free Trade Agreement (FTA) to further bolster bilateral trade during a meeting between Russian envoy and Bangladesh’s foreign minister here, according to a statement of Bangladesh’s Foreign Ministry.

The volume of Russia-Bangladesh trade is now only 250 million U.S. dollars and there is opportunity to expand trade through signing a FTA, Russian Ambassador Gennady Trotsenko to Dhaka was quoted as saying in a meeting with Bangladesh’s Foreign Minister Dipu Moni.

Expressing similar view, the press release said, the country’s Foreign Minister Moni also said that Bangladesh is interested to sign such an agreement.

During the meeting, they discussed cooperation in power and energy, agriculture, commerce, economy, political and culture sectors in details.

The Russian ambassador also expressed the country’s keen interest to support Bangladesh in developing power sector, the release said.

Trotsenko said his country’s is willing to help Bangladesh expand a power plant in Siddhirganj, near the country’s capital city Dhaka, to increase its production capacity.

The Russian ambassador said a 10 member high-powered delegation, comprising representatives of different institutions, including the central bank of Russia, led by economic development secretary, will visit Bangladesh soon to explore new windows of cooperation.

 source: Xinhua