MDB issues new scheme with revised collateral requirement after the Malta Chamber of SMEs highlights difficulties
23 September 2020
Following problems flagged by members on accessing the MDB loan scheme, the Malta Chamber of...
GRTU Vice-President International Relations Mr Alfred Barthet and Abigail Mamo have this week met the candidate for the appointment as Honorary Consul for Malta in Bangladesh.
Mr Chowdhury, aged 40, is 80% owner of a company which focuses on the technology sector. He is credited with being, over the past 10 years, a vital element in the growth of the IT sector in Bangladesh.
Mr Chowdhury explained that it is now his second time in Malta and that he has met already very high ranking Maltese officials. He explained how Malta can be of interest to Bangladeshi Companies especially as a base into Europe. He said he acknowledged the skill of trade of the Maltese, of importing and re-exporting.
Through figures it transpired that Malta's trade with Bangladesh is very limited and can be very improved. Bangladesh is one of the fast growing economies. It is the major producer of Jude in the world which contributes highly to the country's GDP. The demand for Jude had diminished with the advent of new materials however the country has remained strong in the textile industry. Malta's trade with Bangladesh is mainly of import of textile products. It was also however interesting to note that there are 5 companies listed with the MFSA with Bangladeshi shareholding and 2 vessels registered with the Malta Maritime Authority.
Members having an interest in doing business with Bangladesh are to contact Abigail Mamo @ GRTU.
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