Bangladesh becomes suitable place for investment: Kamal

Staff Correspondent

24 February, 2020 12:00 AM printer

Finance Minister AHM Mustafa Kamal on Sunday said that Bangladesh has become a suitable destination for investment from abroad which can be explored by Commonwealth states for mutual benefits.

The minister said this when Sir Hugo Swire KCMG, Deputy Chairman of the Commonwealth Enterprise and Investment Council (CWEIC) and former UK Minister of State for the Foreign and Commonwealth Office called on him at his ERD office in the city’s Sher-e-Bangla Nagar on Sunday, said a press release.

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Sheikh Fazle Fahim and Business Development Director of CWEIC AQ Hamza, accompanied him at the meeting held at finance minister’s Sher-e-Bangla Nagar office.

During the meeting, Sir Hugo Swire stated that CWEIC is keen on enhancing trade and investment between Bangladesh and other member nations of the Commonwealth through a strategic partnership, says a finance ministry release.

He also stated CWEIC aims to establish a hub office in Dhaka to help facilitate further engagements and was inviting leading Bangladeshi private sector businesses to join as strategic partners.

CWEIC also invited Bangladeshi businesses to join the delegation led by FBCCI to the upcoming Commonwealth Business Forum to be held in Rwanda alongside the Commonwealth Heads of Government Meeting (CHOGM).

The finance minister urged the CWEIC deputy chair for playing a catalyst role to enhance trade among the Commonwealth states. He argued that the trade among these countries are still very low comparing to other unions of the world.

However, Kamal welcomed the idea expressed by Sir Hugo Swire and suggested that the importance of Bangladesh to the Commonwealth as a whole and Commonwealth trade in particular is very important.

He added that Bangladesh has become a suitable destination for investment from abroad which can be exploited by Commonwealth states for mutual benefits.