Digitisation driving Bangladesh economy: Tipu Munshi

Staff Correspondent

25 November, 2020 12:00 AM printer

Digital systems are playing a key role in advancing economy of Bangladesh which has helped it maintain a solid growth amid Covid-19, Commerce Minister Tipu Munshi has observed.

“Bangladesh is progressing fast in digitalisation under the leadership of Prime Minister Shiekh Hasina. Digital facilities are playing important role in the economy,” he commented.

He was addressing the opening session of Commonwealth B2B high level virtual meeting held on Monday night, says a commerce ministry release. For this, 98 percent mobile banking facility are contributing to the economy, while 65 percent people are working under internet facility, he mentioned.

Current volume of trade under digital commerce is more than $1 billion and half of the people involved with e-commerce are women, he pointed out. “Bangladesh posted 5.24 percent economic growth even in a tough time of Covid-19 pandemic, which was the highest in Asia,” Tipu Munshi remarked.

In the meeting, he put forward propsoals for Commonwealth B2B digital connectivity, creation of Commonwealth B2B digital market place, adoption of programme for virtual training and capacity building and taking steps for recoup trade losses and mitigating climate change impacts.

The commerce minister called for formation of a working group to help commonwealth work for a long time in the proposed areas.

The Commonwealth B2B high level meeting was aimed at identifying priority areas and taking necessary programmes to create scope of direct discussion among private sectors to enhance intra-commonwealth trade and investment.

Tipu Munshi was delivering speech on ‘Digital and Green Business Recovery in Private Sector.’ Bangladesh Commerce Secretary Md Jafar Uddin joined the meeting on line.  Export Department Minister of International trade department, UK Graham Stuart, Commonwealth Enterprise and Investment Council Chairman Lord Marland. Commonwealth Secretary General Patricia Scotland presented the keynote paper at the event. 

State Minister for Foreign Affairs Shahriar Alam, Rwanda’s Trade and Industry Minister Soraya Hakuziyaremye, Jamica’s Foreign and Foreign Trade Minister Kamina Johnson Smith, took part in the online panel discussion.

Pacific Islands Private Sector Organisation (PIPSO) Chairman Stephen Lyon and CEO of Commonwealth Enterprise and Investment Council Samantha Cohen CVO were also panel discussants of the meeting.