Kuwait-Bangladesh trade relations deepen as imports nearly double since 2014

Meeting between the Bangladeshi trade delegation and the Kuwait Chamber of Commerce and Industry.

KUWAIT CITY, Sept 16: The Kuwait Chamber of Commerce and Industry (KCCI) affirmed on Tuesday the robust and steadily growing trade relations between Kuwait and Bangladesh, with imports rising from KD 19.9 million (approximately USD 65.6 million) in 2014 to KD 42.2 million (around USD 139 million) in 2023.

The announcement was made during a meeting held with a Bangladeshi trade delegation led by Md. Abdur Rahim Khan, Secretary of the Export Department at Bangladesh’s Ministry of Commerce. The delegation included Bangladesh’s Ambassador to Kuwait, Major General Syed Tareq Hussain, alongside Kuwaiti businessmen and company officials.

KCCI stated that the meeting focused on strengthening economic cooperation between the two friendly nations and exploring opportunities across diverse sectors to establish trade partnerships. The visiting delegation represented industries such as ready-made garments, knitwear, pharmaceuticals, agricultural products, renewable energy, healthcare services, minerals, and resources.

Abdur Rahim Khan delivered a visual presentation highlighting key government initiatives and incentives available to investors in Bangladesh, and reviewed prominent investment opportunities aimed at attracting Kuwaiti investors for commercial and investment collaborations.