Monday, 29 November, 2021

Int’l trade summit to showcase Bangladesh

  • Staff Correspondent
  • 18 October, 2021 12:00 AM
  • Print news

The government will showcase Bangladesh's economic success story and trade strength to the world through a weeklong trade and investment summit to woo foreign traders and investors. 

Ministry of Commerce and Dhaka Chamber of Commerce & Industry (DCCI) will jointly organise the International virtual Summit titled “Bangladesh Trade & Investment Summit 2021.”

“Bangladesh’s LDC graduation will pose challenges as it will lose some benefits. Time has come to get prepared how to continue the current pace of business and trade,” Commerce Minister Tipu Munshi told a press conference at the DCCI auditorium on Sunday.

The summit will be held from 26th October to 01 November, which is expected to be inaugurated by Prime Minister Sheikh Hasina.

The event will present the emerging products of the country including leather goods, leather goods, pharmaceuticals, automotive & light engineering, plastic products, agro & food processing, jute, textiles and FMCG, IT or ITES apart from infrastructure.

The summit is being held marking the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the golden jubilee of the country’s independence.

Bangladesh, the natural gateway between ASEAN and South Asia Within a strategic location, is one of Asia’s most remarkable success stories propelled by a consistent development record.

DCCI President Rizwan Rahman said: “Some 552 companies from 38 countries of 5 continents will participate in 450 business to business (B2B) match-making sessions, which will help to explore new business opportunities and attract FDI in Bangladesh.”

He informed that six webinars on different trade and investment-related issues will be organized, where representatives from the business community, experts from local & international and policymakers will participate to put their insights on these issues.

DCCI President opined that this virtual summit will showcase Bangladesh's preparedness during the COVID-19 pandemic to investors and entrepreneurs.        

The commerce minister said that this summit is a remarkable example of the PPP model which will help Bangladesh to showcase and take necessary measures in formulating new policies for a developed economy. In recent years, Bangladesh made remarkable progress especially in electricity generation and infrastructure development which is an added advantage to attract foreign trade and investment, he added.

The Commerce Minister said his ministry is relentlessly working to sign FTAs and PTAs with potential countries to tackle the challenges after the LDC graduation of Bangladesh.

 “It is high time for us to work on other potential sectors to expand our export market and diversify our products as well to lower over-dependency on RMG exports,” he noted.

Commerce Secretary, Tapan Kanti Ghosh expected that the country’s export potentials will be highlighted through the summit, which will help to attract more investment and foreign trade.   

DCCI Senior vice president NKA Mobin, vice president Monowar Hossain, members of the DCCI Board of Directors and high officials from the Ministry of Commerce were present at the press conference.