BCIM business leaders explore ways to boost cooperation in trade, logistics
Business leaders of Bangladesh, China, India and Myanmar (BCIM) are exploring ways of cooperation in trade and logistics in the sub-region under the Covid-19 epidemic situation.
The development comes at BCIM Business Council Meeting through a digital platform where participants reviewed and summarised key tasks in 2020 and discussed promotion projects of the council in 2021.
BCIM Business Council Yunnan Office organised the meeting hosted by the China Chamber of International Commerce, The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the Confederation of Indian Industry and Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry.
FBCCI President Sheikh Fazle Fahim said regional value chain initiatives were focused and targeted sectoral ecosystem of industries.
"We may strategise regional value chain initiatives with raw materials, knowledge, expertise from BCIM member countries for respective domestic industry while maximising production competitive edge of Bangladesh, export to BCIM market and beyond, maximising our value chains with global implications based on shared resources and knowledge," he said.
He said energy, multi-modal transportation, joint seed development, agri-mechanisation, mechanisation components, agro-food processing, MSMEs, startup ecosystem, health tech, fin tech, edu tech, construction, shipbuilding, high value textile, jute, durable consumer goods, service cooperation in logistics, light engineering, automobile and motorbike components, defense armament, software, hardware, cyber security equipments, hospitality etc. are some of the highly prospective areas for joint ventures.
BCIM Business Council aims at establishing a consultation mechanism for the industrial and commercial circles in the region, giving play to the leading role of pragmatic cooperation, and promoting communication and cooperation among the four countries' chambers of commerce and industry.