Staff Correspondent: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md. Jashim Uddin made the call at the Bangladesh Economic Forum in Dubai, the capital of the United Arab Emirates, organized by Pan Asia Group and BIDA on Yesterday.
Bangladesh exported us$ 0.5 billion to UAE in the FY 2020-21, while the import was us$ 1.3 billion. The UAE ranks 13th largest investor in Bangladesh.
Citing these statistics, the FBCCI President said that there are huge untapped potentials from both the Bangladesh and UAE to enhance bilateral trade and investment.
“We have a very favorable investment policy and incentives with huge resources for 100% value addition in different sectors like jute, leather, agriculture, frozen fish, handicrafts and home textiles. UAE can choose Bangladesh as their next destination for trade and investment.”he added.
The President said that geographical advantage makes Bangladesh the gateway of South Asia and ASEAN countries. Moreover, investors could enter into the Chinese market by investing in Bangladesh as it is located very close to China. Bangladesh also has a huge domestic market of 170 million people. The country has a total labor force of 68.5 million people which is the 7th largest in the world. Bangladesh is also sufficient in producing enough electricity for industrial plants.
Talking about the infrastructural readiness, the FBCCI Chief said, 100 economic zones, 26 IT parks, sector-based cluster parks, 6 EPZs and tourism parks across the country make Bangladesh one of the most attractive destinations for foreign investors.
FBCCI President called for enhanced cooperation in development in innovation, energy, ports and logistics, MSMEs, ICT, RMG, agro-business and halal food processing, plastics, electrical and electronics, light engineering, banking, insurance, jute, leather, tourism, skills development and knowledge transfer to facilitate the transition of the 4IR.
Also present on the occasion were Foreign Affairs Minister Abdul Momen MP, Private Industry and Investment advisor to Prime Minister Salman F Rahman MP, BIDA Executive Chairman Sirajul Islam, BSEC Chairman Prof. Shibli Rubayat-Ul-Islam and President of Bangladesh Business Council, Dubai Mahtabur Rahman Nasir.
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