Online Research Workshop on “Applicability and Legal Enforceability of Sales-Purchase Contract in International Trade Operations in Banks” held07-10-2021
Dhaka, 06 October, 2021:
A half day long online Research workshop was held at the Bangladesh Institute of Bank Management (BIBM) on 06 October, 2021. Mr. Ahmed Jamal, Chairman of BIBM Executive Committee and Deputy Governor of Bangladesh Bank was present in the research workshop as the chief guest.
Mohammed Sohail Mustafa CFA, Associate Professor & Director (Training & Certification Program) of BIBM delivered welcome address. Dr. Md. Akhtaruzzaman, Director General of BIBM Chaired the Program. A paper “Applicability and Legal Enforceability of Sales-Purchase Contract in International Trade Operations in Banks” was presented in the research workshop by Dr. Shah Md. Ahsan Habib, Professor (Selection Grade) of BIBM.
Other members of the research team are Antara Zareen, Assistant Professor of BIBM; Tofayel Ahmed, Assistant Professor of BIBM; Mohammad Anisur Rahman, Deputy General Manager of Bangladesh Bank; Kamal Hossain, Deputy General Manager of BFIU; Md. Mahmudur Rahman, Senior Executive Vice President of Islami Bank Bangladesh Limited and A.T.M. Nesarul Hoque, Senior Vice President of Mutual Trust Bank Limited.
Dr. Barkat-e-Khuda, Dr. Muzzafer Ahmed Chair Professor of BIBM & Former Professor of Dhaka University; Syed Mahbubur Rahman, Managing Director & CEO of Mutual Trust Bank Limited; Muhammad Qaisar Ali, Additional Managing Director of Islami Bank Bangladesh Limited; Imtiaz Uddin Ahmed, Deputy Managing Director of Shahjalal Islami Bank Limited and Md. Moinul Huq, Director & Head- Treasury and Trade Solutions, Citibank N.A., Bangladesh made comments as designated discussants.
Deputy Governor said that Bangladesh Bank has taken a number of initiatives in the area of trade payment and finance to overcome the challenges in this sector. Authorized Dealers are allowed to provide trade financing, both funded and non-funded, against export LC and export contract. Moreover, during covid-19 Bangladesh Bank has brought relaxation of foreign exchange regulations in export, import, remittance and other trade services he added.
Director General of BIBM said, findings of the study along with opinions and observations made today will help BB to take future actions.
A good number of participants including senior bank executives, academicians, media representatives, faculty members of BIBM took part in the online research workshop.