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Wales keen to boost trade with Bangladesh

FBCCI calls for investment in textile, renewable energy, ICT, human resources

  • Special Correspondent
  • 27 November, 2022 12:00 AM
  • Print news
Wales keen to boost trade with Bangladesh

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Wales has shown interest to extend bilateral relations with Bangladesh in the fields of readymade garments, renewable energy, ICT and human resources.

All Chambers Wales Trade, Investment and Education Mission, United Kingdom showed the interest at a meeting at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) office in Dhaka Saturday.

The delegation of Wales was headed by the executive chairman of the Chamber Wales Paul Slevin.

Speaking at the occasion he mentioned that, "Wales and Bangladesh have opportunities for bilateral cooperation in trade, education and culture."

He urged both governments to include the private sector in all development works.

Paul Slevin said that, “Skill is now most important to face the challenges of competitiveness.”

Participating in open discussions, the speakers emphasised the development of technical collaborations between institutions in Wales with the institutions of Bangladesh to develop skilled manpower.

Addressing the event, FBCCI President Md. Jashim Uddin said, “About 83 percent of Bangladesh's total exports come from the RMG sector. After LDC graduation, most of the value addition of export goods should be done locally to get GSP plus benefits in the European market."

"In this regard, the textile industry, especially man-made fibre, will be one of the potential investment sectors,” he added.

The FBCCI president also informed the delegation about investment possibilities in renewable energy, ceramics, furniture, information and communication technology and human resource development.

He said that there are opportunities for individual or joint investment of businessmen in Bangladesh. FBCCI chief assured the delegation of providing support to entrepreneurs from Wales who are interested in investing in Bangladesh.

Mostofa Azad Chowdhury Babu, Senior Vice President of FBCCI, delivered concluding remarks. He said, “the meeting will open up a  new dimension for strengthening the bilateral trade relation between Bangladesh and Wales.”

Among others, FBCCI Vice President Md. Amin Helaly, Md. Habib Ullah Dawn, Directors, Secretary General Mohammad Mahfuzul Hoque, Distinguished Members of All Wales Trade, Investment and Education Mission of UK attended the meeting.