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Bangladesh wants stronger ties with UAE

Bangladesh is keen to boost bilateral trade with the UAE.  

UAE-Bangladesh trade has a very high potential for growth as the level of bilateral trade is still quite low. The United States and European Union are Bangladesh’s largest export markets dominated by readymade garments because of the high demand there. Bangladeshi exporters have decided to focus on the Middle East and start using the UAE as a gateway.

The balance of trade is hugely tilted in favor of the UAE. Major exports of Bangladesh to the UAE are readymade garments, woven and knitwear, vegetables, frozen fish, jute yarn and twine, home textiles and textile fabrics, fruit juices, tea in packets, spices, stainless steel ware, melamine tableware, electronics, cables and jute products, among others.

Some vegetable products, plastic articles, cotton and cotton yarn, fabrics, iron, steel and its products, electrical machinery and equipment are also re-exported from the UAE to Bangladesh.

Bangladeshi companies have regularly been participating in expos such as Gitex, Gulfood and the Dubai Shopping Festival, among others. Bangladesh is planning to host a single country exhibition in the UAE to promote its products in the region. Major Bangladeshi firms are expected to be participating in this single country exhibition, which is expected later this year.

 
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