26 September 2018 03:20 AM

Economic Relations

Thursday، 26 November 2015 12:00 AM

According to the figures released by the Central Bank of Bangladesh, the volume of trade exchange with Egypt was put at $55million in (2008/9); i.e. up 80% compared to the 2007/8 figures with an increase of $30.6 million, which tips the balance of trade in Egypt's favor by $29.7 million.

Egyptian exports to Bangladesh in 2008/9 were estimated at $42.4 million; i.e. up 135% compared to the 2007/8 figures.

Main exports: Fertilizers, iron and steel and mining products.

Meanwhile Egyptian imports from Bangladesh in 2008/9 were calculated at $12.7 million, with the weaving and textile products being the main export.

Egyptian investments in Bangladesh

Company

Ownership Percentage

Field of activity

Bannglalink (Orascom)

100%

Cell phones

Pharaoh Communication Networks Bangladesh Ltd.

100%

Contracting

Mobizone Telecommunication Services Ltd (Arpuplus)

100%

Data services

Civitech

100%

Civil engineering Consultants

 Contractual Framework

MOU for cooperation between Foreign Service Academy (Bangladesh) and Institute of Diplomatic Studies (Egypt).

Egyptian Foreign Ministry has approved the draft MOU.

Waiting to be signed.

Agreement on Scientific and Technological Cooperation between Bangladesh and Egypt.

Egyptian Government has approved the amendment proposed by Bangladesh.

Waiting to be signed.

Agreement between Bangladesh and Egypt on Promotion and Protection of investment.

Two sides are working on the Agreement.

 

Bangladesh-Egypt Joint Commission Agreement.

Although the agreement on establishing a Joint Commission was signed on 04 August 1990, the meeting never took place.

 

Preferential Trade Agreement (PTA) between Bangladesh and Egypt.

Bangladesh and Egypt are working on the Agreement.

Will be signed after vetting from both sides.

Executive Program on Cultural and Scientific and Educational Cooperation.

Bangladesh and Egypt are presently working on the Agreement.

Will be signed after vetting from both sides.

Educational and Cultural Cooperation Agreement between Bangladesh and Egypt.

Concluded on 09 November 1974.

In force

 

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