Bangladesh will get focus in post-Brexit trade policy: Tipu

Staff Correspondent

4 December, 2020 12:00 AM printer

Commerce Minister Tipu Munshi on Thursday hoped that Britain will give due importance to Bangladesh in its new trade policy after its cesession from the European Union called ‘Brexit.’ 

The minister also expected that Britain will continue the present trade benefits given to Bangladesh even after the country’s graduation from LDCs bracket.  “After the separation o from the European Union, Britain will give importance to Bangladesh in their new trade policy,” Tipu hoped.

The minister said this while exchanging views with British High Commissioner to Bangladesh Robert Chatterton Dickson at the Commerce Minister’s official residence in the city, said a press release.

“Bangladesh is encouraged by Britain’s interest in post-Brexit trade and investment. Trade talks between the two countries are essential for the proper

management of trade and investment in new ventures,” he commented. A government to government (G2G) trade meeting between the two countries will be held in January for increasing trade and investment after Brexit, he noted. Trade and economic relations between Bangladesh and Britain are long and Britain is the third largest export market of Bangladesh, the commerce minister informed.

“There are lots of opportunities to increase trade and investment between the two countries,” he pointd out, adding that many British investors have already invested in different potential sectors. The setting up of 100 special economic zones in important places of the country is moving fast and countries like China, Japan, Korea and India have come forward to invest there, Tipu Munshi said, outlining investment potentials in Bangldesh.

He also assured that British investors will benefit if they invest here as the Government of Bangladesh has announced many opportunities for foreign investors. In the coming days, Bangladesh and Britain will work together to increase trade and investment, he added. Robert Chatterton Dickson said that Britain is providing importance to Bangladesh in terms of post-Brexit trade and investment. “It is possible to take detailed action in this regard by holding trade meetings between the two countries. The British Government is keen to discuss regarding trade and investment with the Bangladesh Government,” he added.

He said Britain’s ongoing trade and investment with Bangladesh will continue and will be further enhanced in the future.