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Egypt eyes Bangladesh's rawhides & jute expertise

24 Jun '24
15 min read
Egypt eyes Bangladesh's rawhides & jute expertise
Pic: Adobe Stock

Insights

  • Egypt is interested in importing rawhides from Bangladesh and using its expertise to develop Egypt's jute industry.
  • This was discussed by Egyptian ambassador Omar Mohie Eldin Ahmed Fahmy and Bangladesh's state minister for commerce, Ahasanul Islam Titu.
  • Minister Titu hopes that future Egyptian business visits will boost investment opportunities.

Egypt has expressed a keen interest in importing rawhides from Bangladesh and leveraging the country's expertise to enhance its own jute industry. This interest was conveyed by Egyptian ambassador to Bangladesh, Omar Mohie Eldin Ahmed Fahmy, during a meeting with Bangladesh’s state minister for commerce, Ahasanul Islam Titu, at the Secretariat.

Ambassador Fahmy highlighted Egypt's desire to collaborate with Bangladesh, utilising its historical experience in the jute industry to foster similar development in Egypt.

State Minister Titu mentioned that the commerce ministry is currently negotiating commercial agreements with 26 countries globally. He noted that once investments are made, Bangladesh could leverage market advantages in Southeast Asia and ASEAN countries. Titu expressed optimism that future visits by Egyptian business delegations to Bangladesh would further enhance investment opportunities, according to Bangladeshi media reports.

Fibre2Fashion News Desk (DP)

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