A delegation from the African nation of Eswatini, currently in Bangladesh, has claimed the latter can explore a US $ 1.3 billion untapped market by expanding business ties with Eswatini.
As per reports, the Eswatini delegation came up with the observation at a recent meeting with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) in Dhaka, in which the Minister for Commerce, Trade and Industry of Eswatini Manqoba Khumalo led the delegation.
At the said meeting, the delegation, reportedly, apprised Bangladesh businesses that Eswatini is a member of the Southern African Development Community (SADC) and Southern African Customs Union (SACU) and with its strategic geographic location, acts as a gateway to the African continent while also underlining that establishing business and investment relations with Eswatini would provide favourable market access to regional blocs in Africa.
Reports further added, FBCCI Senior Vice President and Acting President Mostofa Azad Chowdhury Babu earlier proposed inking an MoU between FBCCI and its Eswatini an counterpart to bolster bilateral trade and investment.
