History of Bangladesh Foreign Trade Institute
Bangladesh Foreign Trade Institute (BFTI) is a non-profit research and training institution. Founded in 2003, it traces its inception to the concept of public-private partnership (PPP) between the Ministry of Commerce (MoC), Government of Bangladesh and the private sector. Its prime focus is on research, education, training and policy advocacy on international trade-related issues. The beneficiaries of the institute comprise both the public and private sectors, engaged in trade-related activities.
The creation of the BFTI as a PPP entity is a ground-breaking and pioneering initiative in Bangladesh that provides this organization a unique opportunity to have a clear understanding of the issues of concern for the target groups and to cater to their needs in the ever-expanding spheres of trade, especially international trade. The aims and objectives, and overall vision of the BFTI are shared by its stakeholders.
BFTI is administered by a Board of Directors. The Board is chaired by the Minister of Commerce with members drawn from both the government and business and industry. Private sector stakeholders include country’s business associations and chambers of commerce and industry, as well as the apex body — Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). Public sector membership comprises representatives from a number of ministries such as commerce, finance and foreign affairs.