The protocol was signed at the concluding day of the first meeting of the intergovernmental commission (IGC) on trade, economy, scientific and technical cooperation between the two governments held in Moscow from October 22-24.
Aiming to forge more economic cooperation, both sides identified the necessity of institutional cooperation and streamlining and simplifying the existing procedures of trade and commerce, said the foreign ministry here on Sunday.
ERD Senior Secretary Shofiqul Azam and Deputy Minister of Agriculture of Russia and Head of the federal agency for fishery Ivan V Shestakov co-chaired the meeting.
The first session of the Commission encompassed a wide range of areas of cooperation for discussion between Bangladesh and Russia -- ranging from trade, investment, power and energy, food, agriculture, fisheries and livestock, science and technology, ICT, education, industry, research and development to manpower recruitment.
The agreement on Intergovernmental Commission on trade, economy, scientific and technical cooperation was signed between Bangladesh and Russia in 2017.
The two sides came up with the proposal of respective areas of cooperation at the meeting.
Taking into account the sustained economic growth that is happening both in Bangladesh and Russia, both sides underlined that enhanced cooperation should be maintained in the sector of trade and investment, science and technology, education and research, agriculture, power and energy, food, ICT and manpower recruitment to utilise the potentials of cooperation.
Both sides also underscored the importance of exchange of knowledge and expertise and establish further people- to people contact.
The need of participation of both public and private sectors in different areas of cooperation was also highlighted.
Bangladesh welcomed the friendly gestures of the Russian side for their readiness to exchange training and experiences in different areas.
The next session of the Intergovernmental Commission meeting will be held in Dhaka next year.