Monday, 4 July, 2022

50 Years of Relations

Nordic countries seek to boost trade with Bangladesh

  • Diplomatic Correspondent
  • 27 May, 2022 12:00 AM
  • Print news

A business promotion event was held in Dhaka to boost Nordic business and investments in Bangladesh with focus on sustainability.

Embassies of Denmark, Norway and Sweden in collaboration with the Nordic Chamber of Commerce and Industry in Bangladesh (NCCI) organised the event.

This was styled as seminar held on May 24, which was the part of an overall Nordic celebration to commemorate 50 years of bilateral relations between the Nordic countries and Bangladesh.

Industries Minister Nurul Majid Mahmud Humayun attended the event as the chief guest. He highlighted the long standing and friendly relations between Bangladesh and the Nordic countries.

He expressed his hopes that these ties will be strengthened even further in the imminent future, with more Nordic-Bangladeshi cooperation in areas like sustainability and business investment. The Nordic countries were among the first to recognise Bangladesh on  4 February 1972 just weeks after the country’s liberation.

Over the years, the volume of trade and investment between the Nordic countries and Bangladesh has grown steadily and there is an increased interest in expanding the overall business relations.

Today, more than 100 Nordic companies operate business in Bangladesh, which reflects the dynamic partnership that is in transition.

Some of the Nordic investments and imports have gone beyond business purposes and helped empowering millions of people (Grameenphone, H&M and Arla).

During the event, ambassador of Denmark Winnie Estrup Petersen, ambassador of Norway Espen Rikter-Svendsen and ambassador of Sweden Alex Berg von Linde stressed the importance and need for sustainability.

They focused on the Nordic companies that are well-placed to supply many advanced skills, goods, services and technical solutions which Bangladesh will need to continue on its path of sustainable development and economic growth.

A number of Nordic companies with engagement in Bangladesh attended the event together with the Bangladesh business community, prominent business chambers and associations, government bodies and companies, development partners and representatives of the diplomatic community.

The event provided an arena for discussions between a wide range of relevant stakeholders.

Four breakout sessions focused on business sectors like telecom and ICT, energy and power, agriculture and food and logistics and manufacturing.

The event also created an opportunity for the Nordic companies to network with their Bangladeshi counterparts, and highlight their work related to sustainability in Bangladesh.

The scope for increased commercial interaction between the Nordic countries and Bangladesh was emphasised during the event.