Dhaka, Jan. 7 -- Bangladesh and Uruguay held their first-ever bilateral political consultations on Wednesday and decided to encourage more private sector cooperation including regular interactions between their apex chambers of commerce and industries.

The consultations were held at the State Guest House Padma, following the signing of the Memorandum of Understanding (MoU) on bilateral political consultations between Bangladesh and Uruguay.

The MoU was signed to establish an institutional framework for regular, structured, and comprehensive dialogue between the two countries, said the Ministry of Foreign Affairs.

Bangladesh and Uruguay established their diplomatic relations in 1972.

Foreign Secretary Asad Alam Siam and the non-residen...