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Bangladesh News Bangladesh Foreign Affairs
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Germany will provide €120 million in loan to assist Bangladesh in modernising the distribution grid infrastructure to contribute to a safer and stable electricity supply in the country, in continuation of development cooperation between the two countries.
A loan agreement on the "Modernisation of Power Distribution-Smart Grids Phase I" was signed between the Economic Relations Division, Ministry of Finance, Bangladesh, and KfW Development Bank, as a representative of the German Development Cooperation, on Monday, reads a press release.
Fatima Yasmin, Secretary, Economic Relations Divisions, Carolin Gassner, Director South Asia, KfW Development Bank and Anirban Kundu, Director, KfW Bangladesh, have signed the agreement on behalf of their respective organisations.
The Bangladesh Rural Electrification Board and the West Zone Power Distribution Co Ltd will implement the project.
Germany has been providing financial and technical assistance for the socio-economic development in Bangladesh since 1972.
Japan to provide 500m Japanese Yen in primary education development
Japan will provide 500 million Japanese Yen (approximately Tk38.93 crore) as a grant to implement "The Fourth Primary Education Development Programme (PEDP-4)" project in the third phase.
Fatima Yasmin, Secretary, Economic Relations Division (ERD), Ministry of Finance, signed the exchange of notes and the grant agreement on behalf of Bangladesh on Monday.
Ito Naoki, Ambassador of Japan in Bangladesh, has signed the exchange of notes while Yuho Hayakawa, Chief Representative, JICA Bangladesh Office, has signed the grant agreement on behalf of Japan on Monday, reads a press release.
The PEDP-4 is being implemented during 2018-2023 by the Ministry of Primary and Mass Education.
Under PEDP-4 the grant will be utilised for curriculum revision and textbook development, teacher education and continuous professional development and fiduciary system and budget.
It is to be noted that Japan has provided 2490 million Japanese Yen (Tk198 crore) as a grant for implementing the PEDP-3 project for 2011-2018.
Starting from 2018, Japan has also provided 1,000 million Japanese Yen (Tk75.65 crore) as a grant for implementing the PEDP-4 in the first and second phases.
Japan is the single-largest bilateral development partner providing financial support for the socio-economic development of Bangladesh. Till June 2021, the support has reached $16.16 billion in Official Development Assistance disbursements.
Japanese loans and grants are being utilised in a wide range of areas including power, roads, bridges, telecommunication, agriculture, health, education, water supply and sanitation, rural development, environment, human resource development, etc.
The Japanese assistance contributed significantly to the overall development of the country.
www.tbsnews.net
A loan agreement on the "Modernisation of Power Distribution-Smart Grids Phase I" was signed between the Economic Relations Division, Ministry of Finance, Bangladesh, and KfW Development Bank, as a representative of the German Development Cooperation, on Monday, reads a press release.
Fatima Yasmin, Secretary, Economic Relations Divisions, Carolin Gassner, Director South Asia, KfW Development Bank and Anirban Kundu, Director, KfW Bangladesh, have signed the agreement on behalf of their respective organisations.
The Bangladesh Rural Electrification Board and the West Zone Power Distribution Co Ltd will implement the project.
Germany has been providing financial and technical assistance for the socio-economic development in Bangladesh since 1972.
Japan to provide 500m Japanese Yen in primary education development
Japan will provide 500 million Japanese Yen (approximately Tk38.93 crore) as a grant to implement "The Fourth Primary Education Development Programme (PEDP-4)" project in the third phase.
Fatima Yasmin, Secretary, Economic Relations Division (ERD), Ministry of Finance, signed the exchange of notes and the grant agreement on behalf of Bangladesh on Monday.
Ito Naoki, Ambassador of Japan in Bangladesh, has signed the exchange of notes while Yuho Hayakawa, Chief Representative, JICA Bangladesh Office, has signed the grant agreement on behalf of Japan on Monday, reads a press release.
The PEDP-4 is being implemented during 2018-2023 by the Ministry of Primary and Mass Education.
Under PEDP-4 the grant will be utilised for curriculum revision and textbook development, teacher education and continuous professional development and fiduciary system and budget.
It is to be noted that Japan has provided 2490 million Japanese Yen (Tk198 crore) as a grant for implementing the PEDP-3 project for 2011-2018.
Starting from 2018, Japan has also provided 1,000 million Japanese Yen (Tk75.65 crore) as a grant for implementing the PEDP-4 in the first and second phases.
Japan is the single-largest bilateral development partner providing financial support for the socio-economic development of Bangladesh. Till June 2021, the support has reached $16.16 billion in Official Development Assistance disbursements.
Japanese loans and grants are being utilised in a wide range of areas including power, roads, bridges, telecommunication, agriculture, health, education, water supply and sanitation, rural development, environment, human resource development, etc.
The Japanese assistance contributed significantly to the overall development of the country.
Germany to give €120m for power distribution modernisation project
The project is likely to increase energy efficiency and reduce losses to achieve a reduction in greenhouse gas emissions
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Foreign minister AK Abdul Momen on Sunday said the United Nations should be a voice of all the countries, not just the mouthpiece of a few countries, reports UNB.
“There’s a need for a change in this situation,” he said while addressing a discussion at Jatiya Press Club marking the UN Day.
He said Bangladesh will be the candidate for UNGA President in 2026 and insisted that the next UN General Secretary, if it is from Asia, should be from Bangladesh.
Dr Momen said it is regrettable that there is no significant number of Bangladeshis in the UN leadership positions. “Now, time has come for increasing our representation in the UN.”
The Foreign Minister appreciated the UN role in many areas saying there was no third World War because of the UN though it has failed to resolve problems in many countries.
“We want peace in the world and the UN was established in search of peace. We recognise UN contributions,” he said.
Momen said Bangladesh will host a world peace conference in December as peace is imperative for development.
He said the emerging problems can be solved by the people and laid emphasis on a peace centric model eradicating poverty, deprivation and ensuring gainful employment.
Momen said they want to see a world that is pro-people, pro-planet, more peaceful, more prosperous and sustainable for all.
He said this is possible through partnership and collaboration leaving no one behind. Dhakabashi Organisation in cooperation with UNIC Dhaka organized the discussion presided over by Sujit Roy Nandi.
Meanwhile, UN Secretary General Antonio Guterres, in a message said, seventy-six years ago, the United Nations was created as a vehicle of hope for a world emerging from the shadow of catastrophic conflict.
“Today, the women and men of the UN carry this hope forward around the globe,” he said, adding that Covid-19, conflicts, hunger, poverty and the climate emergency remind them that the world is far from perfect.
He said they also make clear that solidarity is the only way forward. “We need to come together to tackle great challenges and advance the Sustainable Development Goals.”
“As we mark UN Day, let’s unite behind these ideals, and live up to the full promise, potential and hope of the United Nations,” said the UN chief.
en.prothomalo.com
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is keen to sign a memorandum of understanding (MoU) with the apex Spanish trade body to boost bilateral trade, reports UNB.
“It is important to develop relations between the businessmen of the two countries. So, the exchange of business information will be easier if the FBCCI has an MoU with the Spanish apex trade body, which was agreed by Spanish ambassador Francisco de Assis Benitez Salas,” FBCCI president Md Jashim Uddin said Thursday.
“A draft MoU would be sent to the Spanish embassy soon. Bangladesh is an attractive destination for foreign investors not only for exports but also for its huge domestic market,” he added.
“Although there is a huge potential to increase trade in Bangladesh, only a few Spanish companies are doing business in Bangladesh. It is possible to increase the trade but for that Bangladesh has to be introduced to the Spanish entrepreneurs,” Francisco said while paying a courtesy call on Jashim.
“Spain opened a commercial wing in 2018 to strengthen trade ties. A few companies, including Inditex and Zara are doing business in Bangladesh,” he added.
“However, there are many world-class Spanish companies in several sectors, including agriculture and food processing, machine manufacturing. Many of them do not have the right idea about Bangladesh. So, the possibility of trade relations between the two countries is still untapped.”
Announcing the establishment of 100 economic zones across the country, the FBCCI president said, like China, Japan, Korea and India, Spain can select a dedicated economic zone to set up factories.
Mostofa Azad Chowdhury Babu, senior vice-president of the FBCCI, highlighted the possibility of joint ventures of businessmen of the two countries for investment in the ceramic and tiles sector.
FBCCI vice-presidents MA Momen and Md Habib Ullah Dawn, director Mohammed Riyad Ali and CEO Mohammad Mahfuzul Hoque were also present.
en.prothomalo.com
“There’s a need for a change in this situation,” he said while addressing a discussion at Jatiya Press Club marking the UN Day.
He said Bangladesh will be the candidate for UNGA President in 2026 and insisted that the next UN General Secretary, if it is from Asia, should be from Bangladesh.
Dr Momen said it is regrettable that there is no significant number of Bangladeshis in the UN leadership positions. “Now, time has come for increasing our representation in the UN.”
The Foreign Minister appreciated the UN role in many areas saying there was no third World War because of the UN though it has failed to resolve problems in many countries.
“We want peace in the world and the UN was established in search of peace. We recognise UN contributions,” he said.
Momen said Bangladesh will host a world peace conference in December as peace is imperative for development.
He said the emerging problems can be solved by the people and laid emphasis on a peace centric model eradicating poverty, deprivation and ensuring gainful employment.
Momen said they want to see a world that is pro-people, pro-planet, more peaceful, more prosperous and sustainable for all.
He said this is possible through partnership and collaboration leaving no one behind. Dhakabashi Organisation in cooperation with UNIC Dhaka organized the discussion presided over by Sujit Roy Nandi.
Meanwhile, UN Secretary General Antonio Guterres, in a message said, seventy-six years ago, the United Nations was created as a vehicle of hope for a world emerging from the shadow of catastrophic conflict.
“Today, the women and men of the UN carry this hope forward around the globe,” he said, adding that Covid-19, conflicts, hunger, poverty and the climate emergency remind them that the world is far from perfect.
He said they also make clear that solidarity is the only way forward. “We need to come together to tackle great challenges and advance the Sustainable Development Goals.”
“As we mark UN Day, let’s unite behind these ideals, and live up to the full promise, potential and hope of the United Nations,” said the UN chief.
UN shouldn’t be mouthpiece for a few: Momen
He said the emerging problems can be solved by the people and laid emphasis on a peace centric model eradicating poverty, deprivation and ensuring gainful employment
en.prothomalo.com
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is keen to sign a memorandum of understanding (MoU) with the apex Spanish trade body to boost bilateral trade, reports UNB.
“It is important to develop relations between the businessmen of the two countries. So, the exchange of business information will be easier if the FBCCI has an MoU with the Spanish apex trade body, which was agreed by Spanish ambassador Francisco de Assis Benitez Salas,” FBCCI president Md Jashim Uddin said Thursday.
“A draft MoU would be sent to the Spanish embassy soon. Bangladesh is an attractive destination for foreign investors not only for exports but also for its huge domestic market,” he added.
“Although there is a huge potential to increase trade in Bangladesh, only a few Spanish companies are doing business in Bangladesh. It is possible to increase the trade but for that Bangladesh has to be introduced to the Spanish entrepreneurs,” Francisco said while paying a courtesy call on Jashim.
“Spain opened a commercial wing in 2018 to strengthen trade ties. A few companies, including Inditex and Zara are doing business in Bangladesh,” he added.
“However, there are many world-class Spanish companies in several sectors, including agriculture and food processing, machine manufacturing. Many of them do not have the right idea about Bangladesh. So, the possibility of trade relations between the two countries is still untapped.”
Announcing the establishment of 100 economic zones across the country, the FBCCI president said, like China, Japan, Korea and India, Spain can select a dedicated economic zone to set up factories.
Mostofa Azad Chowdhury Babu, senior vice-president of the FBCCI, highlighted the possibility of joint ventures of businessmen of the two countries for investment in the ceramic and tiles sector.
FBCCI vice-presidents MA Momen and Md Habib Ullah Dawn, director Mohammed Riyad Ali and CEO Mohammad Mahfuzul Hoque were also present.
FBCCI keen to sign MoU with top Spanish trade body
Like China, Japan, Korea and India, Spain can select a dedicated economic zone to set up factories, the FBCCI president said
en.prothomalo.com
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Russia is keen to increase its bilateral trade with Bangladesh as the world's largest country wants to strengthen its relation with the south Asian nation, Russian Ambassador to Bangladesh Alexander Vikentyevich Mantitsky said today.
Russia and Bangladesh have historically good relations, he said, adding that his country is proud to be a partner in the development journey of Bangladesh through active participation in various development projects, including the Rooppur Nuclear Power Plant.
The envoy, however, believes the full potential of trade between the two countries is yet to be explored. Moscow wants to improve this relationship, Mantitsky said.
The ambassador spoke in a meeting with the leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at the trade body's office in Dhaka.
Along with readymade garments, Bangladesh has the potential to export a good number of other items, including light engineering products, plastics, medicines and frozen food, FBCCI President Md Jashim Uddin said.
The lack of direct banking relationship and facility to open letter of credit are restricting the two nations to take benefit of the bilateral trade potential, he said.
The FBCCI signed a cooperation agreement with the then Soviet Union in December 1987.
The FBCCI signed a cooperation agreement with the Chamber of Commerce and Industry of Russian Federation in 2006 and another one with the Union of Moscow Chambers of Commerce and Industry in 2019.
The FBCCI president and the Russian ambassador agreed to re-visit the agreements reached a long time ago.
www.thedailystar.net
South Korea is committed to strengthen infrastructure partnership with Bangladesh, said Korean Ambassador to Bangladesh Lee Jang-keun today.
"Infrastructure development is the key to the success of Bangladesh's economic development and to the achievement of its grand vision to become a developed nation by 2041," he said in his keynote speech at the Infra Project Roadshow held at the InterContinental Hotel today, according to a press release issued by the Embassy of the Republic of Korea in Dhaka.
The Korean Embassy hosted the programme in cooperation with KOTRA Dhaka office.
"We are committed to further strengthening our partnership with Bangladesh in infrastructure area," the South Korean ambassador said.
"I believe infrastructure area can and should be the next RMG sector, another success story of economic cooperation between the two countries. And I think infrastructure can be an area which could take our bilateral ties into a new height in the coming decades," he also said.
The two countries have launched PPP (public-private partnership) platform in 2019 and recently identified five projects to be implemented under this framework including Meghna Bridge project.
South Korea has also been actively providing concessional loans, EDCF, economic development cooperation fund, to support infrastructure projects in Bangladesh, said the release.
Various potential opportunities were explored at the programme for cooperation in infrastructure projects in Bangladesh.
Public Private Partnership Authority (PPPA) CEO Sultana Afroz, appreciating collaboration in infrastructure between the two countries, particularly through PPP platform, mentioned this road show would provide a valuable opportunity to see the progress of the partnership and the potential projects.
Eleven Bangladesh authorities including PPPA, Bangladesh Power Development Board (BPDB), Roads and Highways Department, Bangladesh Railway, Bangladesh Bridge Authority, WASA and 31 South Korean construction and engineering companies, including 12 companies based in Dhaka, participated in the event.
www.thedailystar.net
Russia and Bangladesh have historically good relations, he said, adding that his country is proud to be a partner in the development journey of Bangladesh through active participation in various development projects, including the Rooppur Nuclear Power Plant.
The envoy, however, believes the full potential of trade between the two countries is yet to be explored. Moscow wants to improve this relationship, Mantitsky said.
The ambassador spoke in a meeting with the leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at the trade body's office in Dhaka.
Along with readymade garments, Bangladesh has the potential to export a good number of other items, including light engineering products, plastics, medicines and frozen food, FBCCI President Md Jashim Uddin said.
The lack of direct banking relationship and facility to open letter of credit are restricting the two nations to take benefit of the bilateral trade potential, he said.
The FBCCI signed a cooperation agreement with the then Soviet Union in December 1987.
The FBCCI signed a cooperation agreement with the Chamber of Commerce and Industry of Russian Federation in 2006 and another one with the Union of Moscow Chambers of Commerce and Industry in 2019.
The FBCCI president and the Russian ambassador agreed to re-visit the agreements reached a long time ago.
Russia keen to increase bilateral trade with Bangladesh: envoy
Russia is keen to increase its bilateral trade with Bangladesh as the world’s largest country wants to strengthen its relation with the south Asian nation, Russian Ambassador to Bangladesh Alexander Vikentyevich Mantitsky said today.
South Korea is committed to strengthen infrastructure partnership with Bangladesh, said Korean Ambassador to Bangladesh Lee Jang-keun today.
"Infrastructure development is the key to the success of Bangladesh's economic development and to the achievement of its grand vision to become a developed nation by 2041," he said in his keynote speech at the Infra Project Roadshow held at the InterContinental Hotel today, according to a press release issued by the Embassy of the Republic of Korea in Dhaka.
The Korean Embassy hosted the programme in cooperation with KOTRA Dhaka office.
"We are committed to further strengthening our partnership with Bangladesh in infrastructure area," the South Korean ambassador said.
"I believe infrastructure area can and should be the next RMG sector, another success story of economic cooperation between the two countries. And I think infrastructure can be an area which could take our bilateral ties into a new height in the coming decades," he also said.
The two countries have launched PPP (public-private partnership) platform in 2019 and recently identified five projects to be implemented under this framework including Meghna Bridge project.
South Korea has also been actively providing concessional loans, EDCF, economic development cooperation fund, to support infrastructure projects in Bangladesh, said the release.
Various potential opportunities were explored at the programme for cooperation in infrastructure projects in Bangladesh.
Public Private Partnership Authority (PPPA) CEO Sultana Afroz, appreciating collaboration in infrastructure between the two countries, particularly through PPP platform, mentioned this road show would provide a valuable opportunity to see the progress of the partnership and the potential projects.
Eleven Bangladesh authorities including PPPA, Bangladesh Power Development Board (BPDB), Roads and Highways Department, Bangladesh Railway, Bangladesh Bridge Authority, WASA and 31 South Korean construction and engineering companies, including 12 companies based in Dhaka, participated in the event.
South Korea committed to strengthen infrastructure partnership: Envoy
South Korea is committed to strengthen infrastructure partnership with Bangladesh, said Korean Ambassador to Bangladesh Lee Jang-keun today.
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Bangladesh Armed Forces and US Army Pacific began a three-day disaster response exercise on search and rescue operations after earthquake at Army Golf Club in the city on Tuesday.
The theme of the exercise titled ‘Disaster Response Exercise and Exchange’ is Resilience through Preparedness, said an ISPR press release.
State minister for disaster management and relief Enamur Rahman inaugurated the exercise as the chief guest.
Armed Forces Division principal staff officer Lieutenant General Waker-Uz-Zaman, disaster management and relief ministry secretary Md Mohsin and US Army Pacific’s Major General Reginald GA Neal were present at the inaugural function, among others.
More than 300 participants from 147 institutions of 23 countries across the world are taking part in the exercise DREE Bangladesh 2021.
The exercise will give an overall idea on international method of managing disasters including earthquake, increasing coordination among stakeholders to ensure concerted effort to tackle disasters, searching and rescuing operations to prevent earthquake and finalising a disaster management guideline on the basis of communication system, medical and shelter facilities and relief activities.
The disaster management and relief ministry, the AFD and US Army Pacific have been jointly organising the exercise in Dhaka since 2010.
www.newagebd.net
The United Kingdom on Wednesday emphasised on the implementation of the cross-border higher education act of Bangladesh linking it to the potentials of the operations of several British universities here.
The cross-border higher education act, which was enacted in 2016, ‘has so far not been implemented,’ British high commissioner Robert Chatterton Dickson said in Dhaka at a talk organised by Diplomatic Correspondents Association, Bangladesh.
Nine British universities ‘are keen to come to Bangladesh’ to cooperate in the areas of higher education, he said.
The UK also wants to get highly qualified people from Bangladesh through a point-based migration system, he said.
www.newagebd.net
The theme of the exercise titled ‘Disaster Response Exercise and Exchange’ is Resilience through Preparedness, said an ISPR press release.
State minister for disaster management and relief Enamur Rahman inaugurated the exercise as the chief guest.
Armed Forces Division principal staff officer Lieutenant General Waker-Uz-Zaman, disaster management and relief ministry secretary Md Mohsin and US Army Pacific’s Major General Reginald GA Neal were present at the inaugural function, among others.
More than 300 participants from 147 institutions of 23 countries across the world are taking part in the exercise DREE Bangladesh 2021.
The exercise will give an overall idea on international method of managing disasters including earthquake, increasing coordination among stakeholders to ensure concerted effort to tackle disasters, searching and rescuing operations to prevent earthquake and finalising a disaster management guideline on the basis of communication system, medical and shelter facilities and relief activities.
The disaster management and relief ministry, the AFD and US Army Pacific have been jointly organising the exercise in Dhaka since 2010.
Bangladesh-US disaster response exercise begins
Bangladesh Armed Forces and US Army Pacific began a three-day disaster response exercise on search and rescue operations after earthquake at Army Golf Club in the city on Tuesday...
www.newagebd.net
The United Kingdom on Wednesday emphasised on the implementation of the cross-border higher education act of Bangladesh linking it to the potentials of the operations of several British universities here.
The cross-border higher education act, which was enacted in 2016, ‘has so far not been implemented,’ British high commissioner Robert Chatterton Dickson said in Dhaka at a talk organised by Diplomatic Correspondents Association, Bangladesh.
Nine British universities ‘are keen to come to Bangladesh’ to cooperate in the areas of higher education, he said.
The UK also wants to get highly qualified people from Bangladesh through a point-based migration system, he said.
UK keen on implementation of cross-border higher education act
The United Kingdom on Wednesday emphasised on the implementation of the cross-border higher education act of Bangladesh linking it to the potentials of the operations of several British universities here...
www.newagebd.net
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Bangladesh has signed a memorandum of understanding (MoU) with Saudi Arabia on Public-Private Partnership to increase Saudi investment in the country.
Saudi Minister for Investment Khalid A Al-Falih and Prime Minister's Adviser on private industry and investment Salman F Rahman signed the MoU on behalf of their respective country at King Abdul Aziz International Conference Centre in Riyadh today.
Bangladesh's Ambassador to Saudi Arabia Dr Mohammad Javed Patwary was present on the occasion.
Regarding this MoU, Salman F Rahman said Saudi investment will rise in the country's various sectors including infrastructure, medical and tourism.
Referring to the country with an investment-friendly environment, Salman called upon Saudi businessmen to invest in Bangladesh.
"With the dynamic leadership and timely thinking of the prime minister, necessary reforms have been made in the field of foreign investment in Bangladesh," said the adviser, terming the country as an ideal place for investment.
He also said that if any Saudi company interested in investing in Bangladesh seeks priority assistance, all possible cooperation will be provided.
During a meeting with Khalid Al Falih on 19 September, Salman F Rahman requested for the signing of a Memorandum of Understanding on Public-Private Partnership to increase investment in Bangladesh. At that time, the Saudi minister assured to take immediate steps to sign a memorandum of understanding in this regard.
www.tbsnews.net
The Bridges Division has sought Korean investment to construct a subway from Tongi to Jhilmil and develop an elevated expressway to connect Hemayetpur in Savar with Madanpur in Narayanganj.
Korean investors are willing to invest in building a bridge on the River Meghna at Chandpur and Shariatpur points and another bridge in Bhola.
At the event titled "Infra Project Roadshow" held at a hotel in Dhaka on Wednesday, the parties discussed several issues of different infrastructure projects to be implemented within the next few years.
Representatives of 11 authorities of Bangladesh, including the Public Private Partnership Authority, the Roads and Highways Department, Bangladesh Railway, Bangladesh Bridge Authority presented their proposed projects to 31 Korean construction and engineering companies.
Representatives of Bangladesh and Korean companies sat together to explore potential opportunities for cooperation in the field of infrastructure projects through in-person and virtual meetings at the event, which was arranged by the embassy of Korea in Dhaka, in cooperation with the Korea Trade Investment Promotion Agency (Kotra).
Appreciating collaboration in infrastructure between the two countries, particularly through the PPP platform, Sultana Afroz, secretary and chief executive officer at the Public Private Partnership Authority, said the event opened up an opportunity to discuss infrastructure projects in Bangladesh.
She said Korea is one of the important development partners of Bangladesh holding the ninth position of providing official development assistance.
Four projects, including the bridge on Bhulta-Araihazar-Bancharampur road over the River Meghna, expressway on the Dhaka-Joydebpur-Mymensingh route and a circular railway line around Dhaka city, Sultana also said.
Some private Korean companies such as Samsung, Hyundai, POSCO, GS, Halla, Taeyoug, Heelim, Dowha, Korea Expressway Corporation expressed their interest in investing on implementing PPP projects in Bangladesh, she added.
Lee Jang-keun, Korean ambassador in Dhaka, at the event said infrastructure development is the key to the success of Bangladesh's economic development and to the achievement of its grand vision to become a developed nation by 2041."
Md Abul Hossain, superintending Engineer of the Bangladesh Bridge Authority, told The Business Standard, "We have presented some projects to our Korean counterpart and they also expressed interest in some other projects. "We hope both parties will reach a decision to implement some projects with Korean support," he said.
Masudur Rahman, director of a railway project, said, "We presented a dozen of pipeline projects before the Korean team to reach a decision about investment. There are some multibillion dollar projects, including a circular rail line around Dhaka city and a rail line from Bhanga to Payra port."
www.tbsnews.net
Highlights-
British High Commissioner to Bangladesh Robert Chatterton Dickson on Wednesday said that the UK would work with new and existing investors to ensure they could add benefit to, and benefit from, the success of Bangladesh's economy.
The UK is "strongly ready" to increase diplomatic trade, investment and security in the Indo-Pacific region over the next few decades, he said while speaking at the "DCAB Talk", organised by the Diplomatic Correspondent Association of Bangladesh (DCAB) at the National Press Club.
"As a high commission in Bangladesh, we are engaging deeply on issues including climate, biodiversity, and maritime security and many other areas, including working with British businesses to build trade and investment relationships as Bangladesh graduates from a Least Developed to Middle Income Country."
He said: "Graduation is a milestone, not a finishing line. We will continue to work with Bangladesh to achieve a smooth and successful graduation.
"We have also decided to continue the duty-, quota-free access to the UK market for three years after graduation, to 2029."
The envoy also spoke about the upcoming COP-26 to be held in Glasgow, Rohingya issues, defense and Covid-19 cooperation between both the countries.
He mentioned the UK's standing as the third-largest individual destination for Bangladeshi exports and being the second-largest cumulative investor in the country.
The envoy mentioned that British companies such as HSBC, Standard Chartered and Unilever play an important part in the economy of Bangladesh, not least as some of the nation's largest taxpayers.
Referring to the first bilateral UK-Bangladesh Trade and Investment Dialogue last February, he said the UK hoped the market could be opened up more than in the past, to high-value services, including in finance, education and health services.
The high commissioner also said he was delighted that Prime Minister Sheikh Hasina would visit London and Manchester next month to be a key speaker in a roadshow to promote Bangladesh as an economic opportunity.
Regarding the upcoming 26th UN climate change Conference of the Parties (COP26), which the UK will host in Glasgow on October 31 to November 12, he said Bangladesh had a particular role to play at COP26 through Hasina's role as Chair of the Climate Vulnerable Forum, which brings together 48 climate-vulnerable countries.
"Bangladesh's international leadership will be important in ensuring sufficient pressure is applied to the big emitters by the climate-vulnerable to reach the ambitious global deal that will be needed."
The high commissioner also said there was an opportunity in education, adding that many British universities were keen to contribute to higher education in Bangladesh.
Election should be Bangladesh-led process
Dickson hoped that the next general election would be held in a transparent and competitive atmosphere with participation of all political parties in Bangladesh.
He said that the election should be Bangladesh-driven and Bangladesh-led, noting that it was not for foreigners to say how elections should be held elsewhere.
"It is a matter for the Bangladeshi people to decide.
"The election should reflect the Bangladesh constitution led by Bangladeshis and fulfil the constitutional ambitions," he added.
He said that the UK would continue to support plural and democratic practice in Bangladesh.
Rohingya and other issues
Regarding the Rohingya issue, he said that they were concerned about recent violence in the camps.
"The UK was exploring ways that refugees could be given more productive ways to spend their time, with the opportunity for them to volunteer, provide camp services and basic livelihoods, and for children to be educated".
The UK reiterated the shared objective, which was for the Rohingyas to return to Rakhine as soon as possible in a voluntary, dignified and safe way.
Asked to comment on allegations of propaganda and conspiracy against Bangladesh which originated in the UK, the British high commissioner said the court had jurisdiction over the return of criminals. However, in the UK, if someone spreads hatred, the government takes action.
Answering a question on the recent attack on British MP Tulip Siddiq, he said, "You are informed that recently another British MP was killed. So, now the security of MPs, especially from the minority communities, is being taken extremely seriously by our government."
Among others, DCAB President Pantho Rahman and General Secretary AKM Moinuddin spoke on the occasion.
www.tbsnews.net
Australian High Commissioner to Bangladesh Jeremy Bruer has said his country will drive a clean-energy supply-chain initiative for the Indo-Pacific region and can assist countries like Bangladesh with energy resources, including renewable, to help fuel Bangladesh’s growth.
He said Australia released the first “Low Emissions Technology Statement” under the technology investment roadmap and they are keen to cooperate with Bangladesh in this area.
“The prosperity of our region depends on Australia remaining a reliable and responsible energy partner of choice in the clean-energy global economy,” said the High Commissioner, adding that they will consider a sizable financial contribution to ensure it delivers.
The Australian envoy made the remarks while delivering his keynote speech at a virtual dialogue titled “Bangladesh-Australia Relations: Prognosis for the Future.”
Cosmos Foundation, the philanthropic arm of the Cosmos Group, hosted the dialogue as part of its ongoing Ambassadors’ Lecture Series.
The opening remarks were delivered by Cosmos Foundation Chairman Enayetullah Khan. The session was chaired by Dr Iftekhar Ahmed Chowdhury, a renowned scholar-diplomat and former Advisor on Foreign Affairs of Bangladesh Caretaker Government.
Former Foreign Secretary Shamsher Mobin Chowdhury, Distinguished Fellow at Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya, Professor at International Relations Department of Dhaka University Imtiaz Ahmed, Brig Gen (retd) Shahedul Anam Khan and Honorary Advisor Emeritus, Cosmos Foundation Ambassador (retd) Tariq A Karim comprised the panel of discussants.
Enayetullah Khan said Australia has been seen as a trusted development partner in Bangladesh since the 1970s and recalled the broadcast of Bangladesh’s declaration of independence on Radio Australia, through which the rest of the world first came to know about it.
When independence finally came, he said, Australia became the 4th country and the first among the developed world to accord Bangladesh recognition on January 31, 1972.
The two countries, Khan said, continue to find new paths of collaboration and connection between their people, institutions and businesses.
Dr Iftekhar said Bangladesh-Australia ties go far beyond curry and cricket and shared liberal values rendered the two countries natural partners.
“We’re also looking for expanded collaboration in the whole range of activities -- e-commerce, infrastructure, power and energy, water, sanitation, hygiene; and tapping potential in the blue economy – our maritime resources,” he said.
High Commissioner Bruer said Australia has the potential to be a major supplier of LNG (liquefied natural gas) and other energy resources, including renewable energy to fuel Bangladesh’s growth. “We’d welcome support for expanded commercial energy partnerships.”
He said Australia has a plan that will ensure they meet their commitments and help its partners achieve theirs by developing at scale and cost the clean-energy technologies that all need.
“Our plan -- the long-term emissions reduction strategy outlines how Australia will harness low emissions technologies to meet its net zero commitments and continue to supply reliable and clean energy,” said the envoy.
The plan, he said, is backed by Australian government investment of $20 billion in low emissions technologies in the decade to 2030.
During that same period, the Australian High Commissioner said, they expect to leverage a further $80 billion of total investment from the private sector to support the commercialisation of technologies that they need to bring emissions down in Australia and around the world.
Australia’s focus is on cost-breakthroughs in clean hydrogen, long-duration energy storage, carbon-capture and storage low-carbon steel and aluminium and soil carbon measurement, he said.
Removing the green premium, the price difference between current technologies and low emissions solutions is the key to widespread global adoption.
Tariq Karim said Bangladesh needs to make a transition to clean energy from dirty energy, but it will not happen overnight.
“I recognize that. You can’t suddenly shut down coal-powered plants. If we do that in Bangladesh, our economic activities will hamper abruptly. But we’ve to make a transition,” said the noted diplomat.
In a sense, he said, Australia can help Bangladesh in such a transition. “But I’m disappointed that Australia is not there in the picture. Australia is the largest repository of natural gas. I think even more than Qatar or perhaps equal in Qatar. But we are importing LNG now from sources other than Australia.”
Tariq said Australia can come forward and support Bangladesh’s efforts towards transitioning from dirty power plants to cleaner power plants.
“Without fuel, the engines of growth will stop running everywhere and we'll have to find new fuel. We’re of course diverting to cleaner sources. We’ve fallen back on nuclear energy which has been our long-cherished dream, and the Prime Minister is talking about the second nuclear power plant,” he said.
But nuclear energy also requires having a more disciplined approach to deal with it because this boon can easily become a big disaster, the diplomat opined.
www.theindependentbd.com
Bangladesh Ambassador to the United States M Shahidul Islam has said the USA can persuade its friends in ASEAN and QUAD to distance themselves from the Myanmar military forces so that they refrain from culpability in the genocide.
He sought more support from the USA in resolving the Rohingya crisis with mounting pressure on Myanmar.
"Bangladesh believes that the United States can do more to mobilize international pressure on Myanmar to end the Rohingya crisis," said the Bangladesh envoy while addressing a webinar.
The United States may bring the Rohingya issue on the G-7 Summit agenda to show the strong resolve of the international community for a solution to the Rohingya crisis, said the Ambassador.
Atlantic Council, a leading think tank based in Washington DC, in partnership with Bangladesh Embassy in Washington DC, hosted the webinar titled “A new Bhashan Char agreement: What now for the Rohingya in Bangladesh” on Wednesday night.
Atlantic Council’s South Asia Centre featured Ambassador Shahidul Islam, who delivered keynote speech on the theme of the event and participated in a question-and-answer session.
Senior Director of Atlantic Council’s South Asia Centre Irfan Nooruddin gave an introductory remark while non-resident senior fellow Rudabeh Shahid moderated the event.
The United States may cancel all types of preferential treatment, including GSP facilities enjoyed by Myanmar, said the envoy.
Apart from reintroducing all pre-2016 sanctions, entities involved in trade with Myanmar need to be discouraged from engaging with Myanmar, he said.
"The United States can also speed up determination of genocide and crimes against humanity against the Rohingya as promised earlier.”
Ambassador Islam said, “There’s nothing inherently wrong with any religion, race, or nationality; the problem emanates when these identities are used to generate malice and hatred for political or economic reasons.”
He called upon the international community to bring the traders of malice to justice if to establish a rule-based international order.
Among other aspects, Ambassador Islam highlighted the genesis of the crisis, the Bangladesh government’s generous welcoming of the Rohingyas who fled widespread atrocities in Myanmar, Bangladesh’s sincere efforts to facilitate their return to Myanmar, recent developments in the camps, and the agreement signed by Bangladesh government with UN.
The Bangladesh Ambassador categorically mentioned that whatever political developments take place in Myanmar, the Rohingya crisis has to be resolved by Myanmar as they have created the crisis.
He added that Myanmar cannot be absolved from the responsibility, no matter whatever form of government runs the country.
Ambassador Islam appreciated the role of the United States in mitigating humanitarian needs and sought more support from the USA in resolving the Rohingya crisis.
The discussants recalled with gratitude the generosity of Bangladesh Prime Minister Sheikh Hasina in sheltering the survivors of mass atrocities and saving their lives.
The Atlantic Council’s South Asia Center expressed gratitude to the Bangladesh Ambassador for his willingness to engage in the conversation.
www.theindependentbd.com
Saudi Minister for Investment Khalid A Al-Falih and Prime Minister's Adviser on private industry and investment Salman F Rahman signed the MoU on behalf of their respective country at King Abdul Aziz International Conference Centre in Riyadh today.
Bangladesh's Ambassador to Saudi Arabia Dr Mohammad Javed Patwary was present on the occasion.
Regarding this MoU, Salman F Rahman said Saudi investment will rise in the country's various sectors including infrastructure, medical and tourism.
Referring to the country with an investment-friendly environment, Salman called upon Saudi businessmen to invest in Bangladesh.
"With the dynamic leadership and timely thinking of the prime minister, necessary reforms have been made in the field of foreign investment in Bangladesh," said the adviser, terming the country as an ideal place for investment.
He also said that if any Saudi company interested in investing in Bangladesh seeks priority assistance, all possible cooperation will be provided.
During a meeting with Khalid Al Falih on 19 September, Salman F Rahman requested for the signing of a Memorandum of Understanding on Public-Private Partnership to increase investment in Bangladesh. At that time, the Saudi minister assured to take immediate steps to sign a memorandum of understanding in this regard.
Bangladesh signs MoU with Saudi Arabia to boost Saudi investment
The MoU will boost Saudi investment in various sectors of our country, including infrastructure, medicine and tourism
The Bridges Division has sought Korean investment to construct a subway from Tongi to Jhilmil and develop an elevated expressway to connect Hemayetpur in Savar with Madanpur in Narayanganj.
Korean investors are willing to invest in building a bridge on the River Meghna at Chandpur and Shariatpur points and another bridge in Bhola.
At the event titled "Infra Project Roadshow" held at a hotel in Dhaka on Wednesday, the parties discussed several issues of different infrastructure projects to be implemented within the next few years.
Representatives of 11 authorities of Bangladesh, including the Public Private Partnership Authority, the Roads and Highways Department, Bangladesh Railway, Bangladesh Bridge Authority presented their proposed projects to 31 Korean construction and engineering companies.
Representatives of Bangladesh and Korean companies sat together to explore potential opportunities for cooperation in the field of infrastructure projects through in-person and virtual meetings at the event, which was arranged by the embassy of Korea in Dhaka, in cooperation with the Korea Trade Investment Promotion Agency (Kotra).
Appreciating collaboration in infrastructure between the two countries, particularly through the PPP platform, Sultana Afroz, secretary and chief executive officer at the Public Private Partnership Authority, said the event opened up an opportunity to discuss infrastructure projects in Bangladesh.
She said Korea is one of the important development partners of Bangladesh holding the ninth position of providing official development assistance.
Four projects, including the bridge on Bhulta-Araihazar-Bancharampur road over the River Meghna, expressway on the Dhaka-Joydebpur-Mymensingh route and a circular railway line around Dhaka city, Sultana also said.
Some private Korean companies such as Samsung, Hyundai, POSCO, GS, Halla, Taeyoug, Heelim, Dowha, Korea Expressway Corporation expressed their interest in investing on implementing PPP projects in Bangladesh, she added.
Lee Jang-keun, Korean ambassador in Dhaka, at the event said infrastructure development is the key to the success of Bangladesh's economic development and to the achievement of its grand vision to become a developed nation by 2041."
Md Abul Hossain, superintending Engineer of the Bangladesh Bridge Authority, told The Business Standard, "We have presented some projects to our Korean counterpart and they also expressed interest in some other projects. "We hope both parties will reach a decision to implement some projects with Korean support," he said.
Masudur Rahman, director of a railway project, said, "We presented a dozen of pipeline projects before the Korean team to reach a decision about investment. There are some multibillion dollar projects, including a circular rail line around Dhaka city and a rail line from Bhanga to Payra port."
Govt seeks Korean investment for Tongi-Jhilmil subway
At the event titled “Infra Project Roadshow” held at a hotel in Dhaka on Wednesday, the parties discussed several issues of different infrastructure projects to be implemented within the next few years
Highlights-
- Bangladesh to get duty-, quota-free access to UK market for 3 years after LDC graduation
- Election should be Bangladesh-led process
- Bangladesh's leadership important to ensuring pressure on big emitters in COP-26
British High Commissioner to Bangladesh Robert Chatterton Dickson on Wednesday said that the UK would work with new and existing investors to ensure they could add benefit to, and benefit from, the success of Bangladesh's economy.
The UK is "strongly ready" to increase diplomatic trade, investment and security in the Indo-Pacific region over the next few decades, he said while speaking at the "DCAB Talk", organised by the Diplomatic Correspondent Association of Bangladesh (DCAB) at the National Press Club.
"As a high commission in Bangladesh, we are engaging deeply on issues including climate, biodiversity, and maritime security and many other areas, including working with British businesses to build trade and investment relationships as Bangladesh graduates from a Least Developed to Middle Income Country."
He said: "Graduation is a milestone, not a finishing line. We will continue to work with Bangladesh to achieve a smooth and successful graduation.
"We have also decided to continue the duty-, quota-free access to the UK market for three years after graduation, to 2029."
The envoy also spoke about the upcoming COP-26 to be held in Glasgow, Rohingya issues, defense and Covid-19 cooperation between both the countries.
He mentioned the UK's standing as the third-largest individual destination for Bangladeshi exports and being the second-largest cumulative investor in the country.
The envoy mentioned that British companies such as HSBC, Standard Chartered and Unilever play an important part in the economy of Bangladesh, not least as some of the nation's largest taxpayers.
Referring to the first bilateral UK-Bangladesh Trade and Investment Dialogue last February, he said the UK hoped the market could be opened up more than in the past, to high-value services, including in finance, education and health services.
The high commissioner also said he was delighted that Prime Minister Sheikh Hasina would visit London and Manchester next month to be a key speaker in a roadshow to promote Bangladesh as an economic opportunity.
Regarding the upcoming 26th UN climate change Conference of the Parties (COP26), which the UK will host in Glasgow on October 31 to November 12, he said Bangladesh had a particular role to play at COP26 through Hasina's role as Chair of the Climate Vulnerable Forum, which brings together 48 climate-vulnerable countries.
"Bangladesh's international leadership will be important in ensuring sufficient pressure is applied to the big emitters by the climate-vulnerable to reach the ambitious global deal that will be needed."
The high commissioner also said there was an opportunity in education, adding that many British universities were keen to contribute to higher education in Bangladesh.
Election should be Bangladesh-led process
Dickson hoped that the next general election would be held in a transparent and competitive atmosphere with participation of all political parties in Bangladesh.
He said that the election should be Bangladesh-driven and Bangladesh-led, noting that it was not for foreigners to say how elections should be held elsewhere.
"It is a matter for the Bangladeshi people to decide.
"The election should reflect the Bangladesh constitution led by Bangladeshis and fulfil the constitutional ambitions," he added.
He said that the UK would continue to support plural and democratic practice in Bangladesh.
Rohingya and other issues
Regarding the Rohingya issue, he said that they were concerned about recent violence in the camps.
"The UK was exploring ways that refugees could be given more productive ways to spend their time, with the opportunity for them to volunteer, provide camp services and basic livelihoods, and for children to be educated".
The UK reiterated the shared objective, which was for the Rohingyas to return to Rakhine as soon as possible in a voluntary, dignified and safe way.
Asked to comment on allegations of propaganda and conspiracy against Bangladesh which originated in the UK, the British high commissioner said the court had jurisdiction over the return of criminals. However, in the UK, if someone spreads hatred, the government takes action.
Answering a question on the recent attack on British MP Tulip Siddiq, he said, "You are informed that recently another British MP was killed. So, now the security of MPs, especially from the minority communities, is being taken extremely seriously by our government."
Among others, DCAB President Pantho Rahman and General Secretary AKM Moinuddin spoke on the occasion.
UK ready to increase trade, investments in Bangladesh: Envoy
Highlights- Bangladesh to get duty-, quota-free access to UK market for 3 years after LDC graduation Election should be Bangladesh-led process Bangladesh's leadership important to ensuring pressure on big emitters in COP-26 British High Commissioner to Bangladesh Robert Chatterton Dickson on...
Australian High Commissioner to Bangladesh Jeremy Bruer has said his country will drive a clean-energy supply-chain initiative for the Indo-Pacific region and can assist countries like Bangladesh with energy resources, including renewable, to help fuel Bangladesh’s growth.
He said Australia released the first “Low Emissions Technology Statement” under the technology investment roadmap and they are keen to cooperate with Bangladesh in this area.
“The prosperity of our region depends on Australia remaining a reliable and responsible energy partner of choice in the clean-energy global economy,” said the High Commissioner, adding that they will consider a sizable financial contribution to ensure it delivers.
The Australian envoy made the remarks while delivering his keynote speech at a virtual dialogue titled “Bangladesh-Australia Relations: Prognosis for the Future.”
Cosmos Foundation, the philanthropic arm of the Cosmos Group, hosted the dialogue as part of its ongoing Ambassadors’ Lecture Series.
The opening remarks were delivered by Cosmos Foundation Chairman Enayetullah Khan. The session was chaired by Dr Iftekhar Ahmed Chowdhury, a renowned scholar-diplomat and former Advisor on Foreign Affairs of Bangladesh Caretaker Government.
Former Foreign Secretary Shamsher Mobin Chowdhury, Distinguished Fellow at Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya, Professor at International Relations Department of Dhaka University Imtiaz Ahmed, Brig Gen (retd) Shahedul Anam Khan and Honorary Advisor Emeritus, Cosmos Foundation Ambassador (retd) Tariq A Karim comprised the panel of discussants.
Enayetullah Khan said Australia has been seen as a trusted development partner in Bangladesh since the 1970s and recalled the broadcast of Bangladesh’s declaration of independence on Radio Australia, through which the rest of the world first came to know about it.
When independence finally came, he said, Australia became the 4th country and the first among the developed world to accord Bangladesh recognition on January 31, 1972.
The two countries, Khan said, continue to find new paths of collaboration and connection between their people, institutions and businesses.
Dr Iftekhar said Bangladesh-Australia ties go far beyond curry and cricket and shared liberal values rendered the two countries natural partners.
“We’re also looking for expanded collaboration in the whole range of activities -- e-commerce, infrastructure, power and energy, water, sanitation, hygiene; and tapping potential in the blue economy – our maritime resources,” he said.
High Commissioner Bruer said Australia has the potential to be a major supplier of LNG (liquefied natural gas) and other energy resources, including renewable energy to fuel Bangladesh’s growth. “We’d welcome support for expanded commercial energy partnerships.”
He said Australia has a plan that will ensure they meet their commitments and help its partners achieve theirs by developing at scale and cost the clean-energy technologies that all need.
“Our plan -- the long-term emissions reduction strategy outlines how Australia will harness low emissions technologies to meet its net zero commitments and continue to supply reliable and clean energy,” said the envoy.
The plan, he said, is backed by Australian government investment of $20 billion in low emissions technologies in the decade to 2030.
During that same period, the Australian High Commissioner said, they expect to leverage a further $80 billion of total investment from the private sector to support the commercialisation of technologies that they need to bring emissions down in Australia and around the world.
Australia’s focus is on cost-breakthroughs in clean hydrogen, long-duration energy storage, carbon-capture and storage low-carbon steel and aluminium and soil carbon measurement, he said.
Removing the green premium, the price difference between current technologies and low emissions solutions is the key to widespread global adoption.
Tariq Karim said Bangladesh needs to make a transition to clean energy from dirty energy, but it will not happen overnight.
“I recognize that. You can’t suddenly shut down coal-powered plants. If we do that in Bangladesh, our economic activities will hamper abruptly. But we’ve to make a transition,” said the noted diplomat.
In a sense, he said, Australia can help Bangladesh in such a transition. “But I’m disappointed that Australia is not there in the picture. Australia is the largest repository of natural gas. I think even more than Qatar or perhaps equal in Qatar. But we are importing LNG now from sources other than Australia.”
Tariq said Australia can come forward and support Bangladesh’s efforts towards transitioning from dirty power plants to cleaner power plants.
“Without fuel, the engines of growth will stop running everywhere and we'll have to find new fuel. We’re of course diverting to cleaner sources. We’ve fallen back on nuclear energy which has been our long-cherished dream, and the Prime Minister is talking about the second nuclear power plant,” he said.
But nuclear energy also requires having a more disciplined approach to deal with it because this boon can easily become a big disaster, the diplomat opined.
Australia keen to assist Bangladesh with energy resources, renewable to expedite growth: Envoy
Australian High Commissioner to Bangladesh Jeremy Bruer has said his country will drive a clean-energy supply-chain initiative for the Indo-Pacific region and can assist countries like Bangladesh with energy resources, including renewable, to help fuel Bangladesh’s growth. He said Australia...
Bangladesh Ambassador to the United States M Shahidul Islam has said the USA can persuade its friends in ASEAN and QUAD to distance themselves from the Myanmar military forces so that they refrain from culpability in the genocide.
He sought more support from the USA in resolving the Rohingya crisis with mounting pressure on Myanmar.
"Bangladesh believes that the United States can do more to mobilize international pressure on Myanmar to end the Rohingya crisis," said the Bangladesh envoy while addressing a webinar.
The United States may bring the Rohingya issue on the G-7 Summit agenda to show the strong resolve of the international community for a solution to the Rohingya crisis, said the Ambassador.
Atlantic Council, a leading think tank based in Washington DC, in partnership with Bangladesh Embassy in Washington DC, hosted the webinar titled “A new Bhashan Char agreement: What now for the Rohingya in Bangladesh” on Wednesday night.
Atlantic Council’s South Asia Centre featured Ambassador Shahidul Islam, who delivered keynote speech on the theme of the event and participated in a question-and-answer session.
Senior Director of Atlantic Council’s South Asia Centre Irfan Nooruddin gave an introductory remark while non-resident senior fellow Rudabeh Shahid moderated the event.
The United States may cancel all types of preferential treatment, including GSP facilities enjoyed by Myanmar, said the envoy.
Apart from reintroducing all pre-2016 sanctions, entities involved in trade with Myanmar need to be discouraged from engaging with Myanmar, he said.
"The United States can also speed up determination of genocide and crimes against humanity against the Rohingya as promised earlier.”
Ambassador Islam said, “There’s nothing inherently wrong with any religion, race, or nationality; the problem emanates when these identities are used to generate malice and hatred for political or economic reasons.”
He called upon the international community to bring the traders of malice to justice if to establish a rule-based international order.
Among other aspects, Ambassador Islam highlighted the genesis of the crisis, the Bangladesh government’s generous welcoming of the Rohingyas who fled widespread atrocities in Myanmar, Bangladesh’s sincere efforts to facilitate their return to Myanmar, recent developments in the camps, and the agreement signed by Bangladesh government with UN.
The Bangladesh Ambassador categorically mentioned that whatever political developments take place in Myanmar, the Rohingya crisis has to be resolved by Myanmar as they have created the crisis.
He added that Myanmar cannot be absolved from the responsibility, no matter whatever form of government runs the country.
Ambassador Islam appreciated the role of the United States in mitigating humanitarian needs and sought more support from the USA in resolving the Rohingya crisis.
The discussants recalled with gratitude the generosity of Bangladesh Prime Minister Sheikh Hasina in sheltering the survivors of mass atrocities and saving their lives.
The Atlantic Council’s South Asia Center expressed gratitude to the Bangladesh Ambassador for his willingness to engage in the conversation.
Urge ASEAN, QUAD friends to distance from Myanmar military: Bangladesh to US
Bangladesh Ambassador to the United States M Shahidul Islam has said the USA can persuade its friends in ASEAN and QUAD to distance themselves from the Myanmar military forces so that they refrain from culpability in the genocide. He sought more support from the USA in resolving the Rohingya...
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Prime minister Sheikh Hasina will hold bilateral talks with French preident Emmanuel Macron and prime minister Jean Castex separately in Paris on November 9.
The two sides will sign several memorandums of understanding and letter of intent on several issues after the talks, foreign minister AK Abdul Momen said in a press conference on Saturday.
Prime minister Sheikh Hasina will hold a meeting with British prime minister Boris Johnson on November 2 on the sidelines of UN climate conference COP26 in Glasgow in Scotland.
Sheikh Hasina is set to leave Dhaka Sunday for joining the conference and bilateral visit to France, including other engagements, foreign minister AK Abdul Momen said in a press conference on Saturday.
www.newagebd.net
www.newagebd.net
The two sides will sign several memorandums of understanding and letter of intent on several issues after the talks, foreign minister AK Abdul Momen said in a press conference on Saturday.
Prime minister Sheikh Hasina will hold a meeting with British prime minister Boris Johnson on November 2 on the sidelines of UN climate conference COP26 in Glasgow in Scotland.
Sheikh Hasina is set to leave Dhaka Sunday for joining the conference and bilateral visit to France, including other engagements, foreign minister AK Abdul Momen said in a press conference on Saturday.
Hasina-Macron summit on Nov 9
Prime minister Sheikh Hasina will hold bilateral talks with French preident Emmanuel Macron and prime minister Jean Castex separately in Paris on November 9.
www.newagebd.net
PM to visit UK, France for 2 weeks
Prime minister Sheikh Hasina will leave home on Sunday for two weeks to attend the 26th session of the UN climate conference (COP26) in the...
www.newagebd.net
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Railways Minister Nurul Islam Sujan today sought Russian investment in Bangladesh's railway sector.
The minister said this when Russian Ambassador to Bangladesh, Alexander Mantytskiy, called on him at the Railway Bhaban in the city.
"We are seeking foreign investment in the railway sector. Work on different projects is underway and more projects will be taken soon for the improvement of railway services under a master plan," he said.
"We are procuring new coaches and engines. New rail tracks are being constructed while bridges are being constructed and renovated. Russian investors could invest in these sectors and establish a training institute jointly with Bangladesh," said the minister.
When Alexander Mantytskiy invited the minister to visit his country, Nurul Islam accepted the invitation saying that he will visit Russia at a suitable time next month to see their rail communication system, technology, and coach and engine making factories.
Railways Secretary Selim Reza was also present at the meeting among others.
Bangladesh seeks Russian investment in railway sector: Minister
Railways Minister Nurul Islam Sujan today sought Russian investment in Bangladesh’s railway sector.
Sri Lanka and Bangladesh are considering launching a cruise service between Colombo and Dhaka, Bangladesh, the Tourism Ministry said.
This was revealed during a meeting between Bangladesh's High Commissioner to Sri Lanka Taregmd Ariful Islam and Tourism Minister Prasanna Ranatunga at the Ministry of Tourism.
Accordingly, it was decided to launch a cruise service between the two countries in the future.
Minister Ranatunga said that more attention should be paid to uplift the tourism industry in the South Asian region through regional conferences such as BIMSTEC and SAARC.
He also said that a joint tourism action plan should be implemented in these countries through a conference of tourism ministers of South Asian countries.
The Bangladesh High Commissioner said that a Memorandum of Understanding (MoU) on tourism is expected to be signed between the two countries.
During a visit to Bangladesh by Prime Minister Mahinda Rajapaksa earlier, it was decided to sign the MoU between the two countries.
The Bangladesh High Commissioner said that the MoU has been drafted and is expected to be signed soon.
The High Commissioner pointed out that the assistance of those involved in the tourism industry in Sri Lanka is essential for the revival of the tourism industry in Bangladesh and requested the Minister to assist in that endeavor.
Minister Ranatunga said that Sri Lanka is ready to come forward at any time.
It was revealed that SriLankan Airlines currently operates direct flights between Bangladesh and Sri Lanka.
The High Commissioner said that a private airline from Bangladesh is all set to launch direct flights between Bangladesh and Sri Lanka.(Darshana Sanjeewa Balasuriya)
Cruise service between Dhaka and Colombo to be launched - Breaking News | Daily Mirror
Sri Lanka and Bangladesh are considering launching a cruise service between Colombo and Dhaka, Bangladesh, the Tourism Ministry said. ..
www.dailymirror.lk
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Highlights:
A Chinese company alone wanted to invest $1 billion in the infrastructure sector, he told the media while highlighting the summit's outcome in the chamber's conference room.
Some 20 companies from 13 countries, such as Vietnam, China, Thailand, the United Kingdom, Japan, Sri Lanka, the Philippines, Hong Kong, Nigeria, Pakistan and Iran, want to invest in different sectors through joint ventures, while investors from six countries showed their interest for direct investment in infrastructure, pharmaceuticals, baby bottle, umbrella, agro and food processing, and IT sectors, according to him.
Nigeria wants to invest in pharmaceuticals, Thailand in baby bottles, Sri Lanka in umbrellas, and India in agro and food processing, Rizwan said.
Besides, Bangladesh's 26 products have been identified as potential items for exports to 14 countries. The country also has opportunities to import from 13 countries.
The commerce ministry and the DCCI jointly organised the seven-day trade and investment summit that ended on Monday.
Some 369 business-to-business meetings were held with organisations from 38 countries that took part at the virtual event.
The sectors that have foreign investment opportunities are power, energy, dairy products, ICT, digital land management, air conditioner and LED light, port and terminal development, infrastructure, renewable energy, payment gateway, readymade garment, leather, solar energy, fast moving consumer goods, jewellery, telecommunication, jute and jute made carpets.
The DCCI president said the recommendations received from the weeklong summit will be sent to the government's divisions concerned.
Commerce Secretary Tapan Kanti Ghosh at the media briefing said one of the main objectives of the summit was to let foreign investors know about Bangladesh's ongoing economic recovery from pandemic shocks.
The potential of post-pandemic trade and investment in Bangladesh was highlighted at the event.
"After graduating to a developing country in 2026, we have to face a tough competition because of non-availability of duty-free export facilities," he said.
There have been plenty of talks regarding free trade agreement (FTA) to counter post-LDC challenges, but the results are now virtually nil, he noted.
Stating that signing FTAs might result in a probable loss of revenue, the commerce secretary said, "Our average tariff is much higher than those with whom we are in negotiations into signing FTAs."
Bangladesh's average tariff is 14%-16%, while its competitor countries charge a 3%-6% tariff on average.
"We need to reduce tariff rates, but we cannot do that indiscriminately for the sake of local industry," Tapan said.
There is a tendency of tax evasion in the country because of high tariff rates, he said adding, "We can reduce such fraud by offering all sectors bond facilities and making bond management online."
The commerce secretary suggested signing FTAs with the countries where Bangladesh is currently enjoying duty-free facilities on a priority basis during the LDC transition period to keep exports normal.
Senior officials from the commerce ministry and DCCI leaders also attended the press conference.
www.tbsnews.net
- Six countries showed interest for direct investment in six sectors
- 20 companies from 13 countries want to go for joint-venture investment
- Bangladesh's 26 products have been identified for imports to 14 countries
A Chinese company alone wanted to invest $1 billion in the infrastructure sector, he told the media while highlighting the summit's outcome in the chamber's conference room.
Some 20 companies from 13 countries, such as Vietnam, China, Thailand, the United Kingdom, Japan, Sri Lanka, the Philippines, Hong Kong, Nigeria, Pakistan and Iran, want to invest in different sectors through joint ventures, while investors from six countries showed their interest for direct investment in infrastructure, pharmaceuticals, baby bottle, umbrella, agro and food processing, and IT sectors, according to him.
Nigeria wants to invest in pharmaceuticals, Thailand in baby bottles, Sri Lanka in umbrellas, and India in agro and food processing, Rizwan said.
Besides, Bangladesh's 26 products have been identified as potential items for exports to 14 countries. The country also has opportunities to import from 13 countries.
The commerce ministry and the DCCI jointly organised the seven-day trade and investment summit that ended on Monday.
Some 369 business-to-business meetings were held with organisations from 38 countries that took part at the virtual event.
The sectors that have foreign investment opportunities are power, energy, dairy products, ICT, digital land management, air conditioner and LED light, port and terminal development, infrastructure, renewable energy, payment gateway, readymade garment, leather, solar energy, fast moving consumer goods, jewellery, telecommunication, jute and jute made carpets.
The DCCI president said the recommendations received from the weeklong summit will be sent to the government's divisions concerned.
Commerce Secretary Tapan Kanti Ghosh at the media briefing said one of the main objectives of the summit was to let foreign investors know about Bangladesh's ongoing economic recovery from pandemic shocks.
The potential of post-pandemic trade and investment in Bangladesh was highlighted at the event.
"After graduating to a developing country in 2026, we have to face a tough competition because of non-availability of duty-free export facilities," he said.
There have been plenty of talks regarding free trade agreement (FTA) to counter post-LDC challenges, but the results are now virtually nil, he noted.
Stating that signing FTAs might result in a probable loss of revenue, the commerce secretary said, "Our average tariff is much higher than those with whom we are in negotiations into signing FTAs."
Bangladesh's average tariff is 14%-16%, while its competitor countries charge a 3%-6% tariff on average.
"We need to reduce tariff rates, but we cannot do that indiscriminately for the sake of local industry," Tapan said.
There is a tendency of tax evasion in the country because of high tariff rates, he said adding, "We can reduce such fraud by offering all sectors bond facilities and making bond management online."
The commerce secretary suggested signing FTAs with the countries where Bangladesh is currently enjoying duty-free facilities on a priority basis during the LDC transition period to keep exports normal.
Senior officials from the commerce ministry and DCCI leaders also attended the press conference.
Foreign cos keen to invest $1.16bn in Bangladesh
Some 20 companies from 13 countries want to invest in different sectors through joint ventures, while investors from six countries showed their interest for direct investment in infrastructure, pharmaceuticals, baby bottle, umbrella, agro and food processing and IT sectors
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Malaysia has expressed interest in diversifying palm oil exports to Bangladesh and investing in palm oil-related industries.
Malaysia's Plantation, Industries and Commodities Minister Datuk Zuraida Kamaruddin made the remarks during a courtesy call on Bangladesh High Commissioner to Malaysia Md Golam Sarwar in Putrajaya on Tuesday, reads a press release from Bangladesh High Commission in Kuala Lumpur.
Datuk Zuraida Kamaruddin, recalling the contribution of Bangladeshi workers in the development of Malaysia's palm oil sector, said Malaysia is interested in expanding the palm oil market in Asian countries.
He emphasised on increasing the production of palm oil and its productivity by providing uninterrupted labor, solving the housing problem and increasing the facilities for the workers.
High Commissioner Md Golam Sarwar briefed the Malaysian Minister on the economic and social progress of Bangladesh achieved under the leadership of Prime Minister Sheikh Hasina.
Bangladesh government is setting up a total of 100 economic zones and 28 high-tech parks in the country to attract foreign investors; Malaysian investors could benefit by investing in these economic zones and high-tech parks, Md Golam Sarwar told Datuk Zuraida Kamaruddin.
"Following in the footsteps of South Korea and Japan, Malaysia could be allocated a special economic zone to allow Malaysian investors to invest in Bangladesh," the Bangladesh High Commissioner to Malaysia said.
The Malaysian minister assured High Commissioner Md Golam Sarwar that he would discuss the matter with the concerned authorities.
They also discussed women empowerment, protection of the interests of Bangladeshi workers in Malaysia's plantation sector, expansion of halal trade between the two countries and initiation of negotiations for the signing of the Malaysia-Bangladesh Bilateral Trade Agreement.
Malaysia's investment in Bangladesh cumulates to more than $3 billion on various sectors like telecommunication, infrastructure, and education among other sectors.
Around 8 lakh Bangladeshi are working in Malaysia, according to an unofficial estimates.
High Commission Counselor (Labor) Md Hedayetul Islam Mandal, Counselor (Commercial) Md Rajibul Ahsan, Counselor (Political) Ruhul Amin and the deputy secretary general of Malaysia's Ministry of Plantation, Industries and Commodities along other high officials were present during the courtesy call.
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Rizwan Rahman, president of Dhaka Chamber of Commerce and Industry (DCCI), urged direct port connectivity between Chattogram and Ranong sea ports in a bilateral business meeting with Makawadee Sumitmor, ambassador of Thailand in Dhaka.
In course of the meeting on Tuesday at DCCI, he requested the ambassador to relocate labour intensive Thai industries to Bangladesh.
Rizwan Rahman said, "Bilateral trade between Bangladesh and Thailand reached $837.06 million in 2019-20. Bangladesh's total exports to Thailand were worth only $35.46 million whereas imports from Thailand amounted to $801.3 million in 2020. Exports from Bangladesh experienced a somewhat upward trend in 2021 when they reached $39 million from $35.46 million in 2020."
He also said that in terms of foreign direct investment or FDI in Bangladesh, Thailand is the 15th largest investor in this country but there are huge untapped opportunities for Thai investors, especially in the areas of infrastructure, automotive and light engineering, agro and food processing, tourism and health services.
He emphasised executing a bilateral FTA or PTA (Free or Preferential Trade Agreement) because that would facilitate greater trade and investment.
Makawadee Sumitmor said "There is still a trade gap between our two friendly countries but expansion of India-Myanmar-hailand trilateral routes will boost trade in this region."
She also said that next year the Thai embassy in Dhaka will organise a road show to celebrate diplomatic relations of 50 years between Bangladesh and Thailand.
DCCI Vice President Monowar Hossain was also present at the meeting.
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Malaysia's Plantation, Industries and Commodities Minister Datuk Zuraida Kamaruddin made the remarks during a courtesy call on Bangladesh High Commissioner to Malaysia Md Golam Sarwar in Putrajaya on Tuesday, reads a press release from Bangladesh High Commission in Kuala Lumpur.
Datuk Zuraida Kamaruddin, recalling the contribution of Bangladeshi workers in the development of Malaysia's palm oil sector, said Malaysia is interested in expanding the palm oil market in Asian countries.
He emphasised on increasing the production of palm oil and its productivity by providing uninterrupted labor, solving the housing problem and increasing the facilities for the workers.
High Commissioner Md Golam Sarwar briefed the Malaysian Minister on the economic and social progress of Bangladesh achieved under the leadership of Prime Minister Sheikh Hasina.
Bangladesh government is setting up a total of 100 economic zones and 28 high-tech parks in the country to attract foreign investors; Malaysian investors could benefit by investing in these economic zones and high-tech parks, Md Golam Sarwar told Datuk Zuraida Kamaruddin.
"Following in the footsteps of South Korea and Japan, Malaysia could be allocated a special economic zone to allow Malaysian investors to invest in Bangladesh," the Bangladesh High Commissioner to Malaysia said.
The Malaysian minister assured High Commissioner Md Golam Sarwar that he would discuss the matter with the concerned authorities.
They also discussed women empowerment, protection of the interests of Bangladeshi workers in Malaysia's plantation sector, expansion of halal trade between the two countries and initiation of negotiations for the signing of the Malaysia-Bangladesh Bilateral Trade Agreement.
Malaysia's investment in Bangladesh cumulates to more than $3 billion on various sectors like telecommunication, infrastructure, and education among other sectors.
Around 8 lakh Bangladeshi are working in Malaysia, according to an unofficial estimates.
High Commission Counselor (Labor) Md Hedayetul Islam Mandal, Counselor (Commercial) Md Rajibul Ahsan, Counselor (Political) Ruhul Amin and the deputy secretary general of Malaysia's Ministry of Plantation, Industries and Commodities along other high officials were present during the courtesy call.
Malaysia interested in palm oil value addition industry in Bangladesh
Around 8 lakh Bangladeshis are now working in Malaysia
Rizwan Rahman, president of Dhaka Chamber of Commerce and Industry (DCCI), urged direct port connectivity between Chattogram and Ranong sea ports in a bilateral business meeting with Makawadee Sumitmor, ambassador of Thailand in Dhaka.
In course of the meeting on Tuesday at DCCI, he requested the ambassador to relocate labour intensive Thai industries to Bangladesh.
Rizwan Rahman said, "Bilateral trade between Bangladesh and Thailand reached $837.06 million in 2019-20. Bangladesh's total exports to Thailand were worth only $35.46 million whereas imports from Thailand amounted to $801.3 million in 2020. Exports from Bangladesh experienced a somewhat upward trend in 2021 when they reached $39 million from $35.46 million in 2020."
He also said that in terms of foreign direct investment or FDI in Bangladesh, Thailand is the 15th largest investor in this country but there are huge untapped opportunities for Thai investors, especially in the areas of infrastructure, automotive and light engineering, agro and food processing, tourism and health services.
He emphasised executing a bilateral FTA or PTA (Free or Preferential Trade Agreement) because that would facilitate greater trade and investment.
Makawadee Sumitmor said "There is still a trade gap between our two friendly countries but expansion of India-Myanmar-hailand trilateral routes will boost trade in this region."
She also said that next year the Thai embassy in Dhaka will organise a road show to celebrate diplomatic relations of 50 years between Bangladesh and Thailand.
DCCI Vice President Monowar Hossain was also present at the meeting.
Thai Ambassador and DCCI President meet to discuss business
Bilateral FTA or PTA between the two countries would facilitate greater trade and investment
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The friendship between Bangladesh and the United Kingdom, which has lasted over five decades, should be expanded further with a strategic partnership, said Prime Minister Sheikh Hasina.
“We need to change the lens we used to view our partnership. Our engagement now should truly be strategic,” the prime minister said.She highlighted the need for cooperation between the two countries on peacekeeping, counter terrorism, maritime and aviation security in an event at the British Foreign, Commonwealth and Development Office, organised by the British Asian Trust on Wednesday to mark the golden jubilee of the independence of Bangladesh
After the emergence of Bangladesh, the United Kingdom formally recognised the new nation on Feb 4, 1972 and also helped it to be acknowledged by other European and commonwealth countries.
Bangladesh joined the Commonwealth on Apr 18, 1972. The UK opened its diplomatic mission in Bangladesh that same year. The diplomatic relationship between the two countries has, therefore, spanned five decades.
British Minister Penny Morton, House of Lords member Jitesh Gadhia and British MPs of Bangladeshi origin Rushanara Ali, Rupa Haque and Apsana Begum were present at the event.
The vibrant British-Bangladeshi diaspora remains at the centre of the partnership between the countries, Sheikh Hasina said.
“We take pride in our diaspora. I am pleased to see there is growing representation of them in Westminster. All four of them (British MPs of Bangladeshi origin) are women at the moment.”
Hasina said she is confident that representation of the British Bangladeshi community in the ‘vibrant parliament’ will be strengthened further.
Her government wants to ‘nurture the young generation to true global citizens,’ the prime minister said. She hailed the UK’s interest in strengthening the partnership with Bangladesh on different sectors, including education and culture.
While noting the UK’s role in seeking a solution to the Rohingya crisis, Hasina also mentioned the growing difficulties Bangladesh is now facing to maintain law and order in Cox’s Bazar with the large number of Rohingya refugees sheltered there.
The security challenge may cause trouble on the regional and international level, she warned. It is the responsibility of the international community to see that the Rohingya, Myanmar nationals, should be able to return to their homeland safely and with dignity, she said. “This is the only way to resolve the issue.”
Highlighting the possibility for Bangladesh to become a regional connectivity hub, Sheikh Hasina said her government has already invested in the road, rail and maritime sectors, energy and digital communication. The partnership with India, Nepal and Bhutan is thriving, she said.
“Our partners around the world can benefit from these investments. We expect to see more participation from the UK and it is indeed time to expand our bilateral relationship.”
To provide a better life and good opportunities to future generations, her government has designed a ‘blueprint’ until 2100, Sheikh Hasina said.
“I know I won’t live that long but I have prepared the plan and framework.”
Recalling the assassination of Bangabndhu and other members of her family in 1975, Hasina, the daughter of Bangabandhu Sheikh Mujibur Rahman, became emotional.
Hasina said she turned her mourning into strength and has been working to materialise Bangabandhu’s dream of a golden Bangladesh - one with no poverty.
Prime Minister Sheikh Hasina reached London on Wednesday. Her sister Sheikh Rehana attended another event on Wednesday evening.
It is time to renew the UK-Bangladesh bilateral relationship, says PM Hasina
The friendship between Bangladesh and the United Kingdom, which has lasted over five decades, should be expanded further with a strategic partnership, said Prime Minister Sheikh Hasina.
bdnews24.com
Australia is eager to help Bangladesh in its efforts to mitigate the effects of climate change and send back the Rohingya refugees to Myanmar.
Australian Prime Minister Scott Morrison expressed the interest in a bilateral meeting with his Bangladeshi counterpart Sheikh Hasina on the sidelines of COP26, the UN climate change conference, in Glasgow on Tuesday, her Press Secretary Ihsanul Karim said.
Hasina said Bangladesh is a climate-vulnerable country and Australia, too, is experiencing extreme weather events, including bushfires, floods, coral bleaching, state news agency BSS reported.
"Both countries can work closely to build resilience against the impact of climate change," she said.
Although Bangladesh is not historically responsible for climate change, Hasina noted that the impact of phenomenon has been severe on the South Asian country.
"As such it is important for the international community, especially major carbon-
emitting countries, to respond to the needs of the developing countries which are most vulnerable to climate change, and the developed world must deliver on the $100 billion promised in climate finance and make it a reality," she said.
The prime minister underscored the urgency for the transfer of green and clean technologies from the developed countries to the developing nations for an effective response to the climate crisis and for post-pandemic recovery.
"If shared, many countries could be benefitted from Australia's technology-based emission reduction approach."
She thanked Australia for its continued support on the Rohingya issue while urged the country's government to exert more international pressure on Myanmar to take the Rohingya back to their homeland.
Australia keen to help Bangladesh on climate as Hasina, Morrison meet in Glasgow
Australia is eager to help Bangladesh in its efforts to mitigate the effects of climate change and send back the Rohingya refugees to Myanmar.
bdnews24.com
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Bangladesh can gain from the suspension of duty-free access to the US market for Ethiopia, a potential apparel export rival as buyers prefer this African nation for low manufacturing costs, according to apparel exporters.
Industry insiders think the loss of Ethiopia's duty-free benefit will bring in more orders for Bangladeshi apparel makers.
Ethiopia, already under strain from the growing cost of the conflict in its northern regions and pandemic impacts, is going to lose tariff-free access to the US market under the African Growth and Opportunity Act (AGOA) from 1 January next year, according to global media reports.
African manufacturers now enjoy tariff-free access to the US market under the scheme.
The Horn of Africa nation exported goods worth $245 million to the US last year, accounting for almost half its shipments to America.
BGMEA Vice-President Shadullah Azim told The Business Standard that the US move to suspend the duty-free facility for Ethiopia will help Bangladesh as the former is a preferred supplier country for a number of buyers."
Many Bangladeshi apparel manufacturers, who have plans to go for investment in Ethiopia to capitalise on low production costs there, will also be discouraged following the announcement to disqualify the country, he added,
BKMEA Vice-President Fazlee Shamim Ehsan said Ethopia is not a big exporter, but a number of brands place orders there only because of the country's duty-free access to the US market.
The US suspension will bring good news for Bangladesh as buyers will think twice about going to Ethiopia. Investors will also refrain from investing in the country as the duty-free facility will go soon, he added.
The duty-free benefit brings Ethiopia about $100m in "hard cash" annually and directly generates employment for about 100,000 people, mostly women in southern Ethiopia working in textile factories that export to the US, according to Vanda Felbab-Brown, co-director of the African Security Initiative at Brookings, reported African Business.
In recent months, the US has harshly criticised the conduct of Ethiopia's war in the Tigray region, which began in November 2020 and is estimated to have claimed tens of thousands of lives.
Human rights organisations have reported massacres and mass starvation as the government's war against the Tigray People's Liberation Front has escalated.
In a recent statement to Congress, US President Joe Biden said Ethiopia's "gross violations of internationally recognised human rights" would lead to its disqualification from the scheme, according to a statement issued by AGOA.
Tuesday's suspension follows a September 17th executive order sanctioning Ethiopians involved in violence in the Tigray region.
Biden said the situation in northern Ethiopia, characterised by "widespread violence, atrocities, and serious human rights abuses" constituted "an unusual and extraordinary threat to the national security and foreign policy of the United States."
Bangladesh to benefit from Ethiopia’s loss of duty-free facility in US
Industry insiders think the loss of Ethiopia’s duty-free benefit will bring in more orders for Bangladeshi apparel makers
With a large population, plenty of natural resources and a high import dependency, the African subcontinent can be a lucrative destination for Bangladeshi exports and investments particularly pharmaceuticals, readymade garments, footwear, agro and food-processing, said Bangladeshi business leaders.
Despite 3% contribution to global trade, Africa turns more and more import dependent riding on a steady economic growth, they told a webinar titled "Trade & Investment Cooperation of Africa and Bangladesh: Towards a New Trajectory" on Saturday – the fifth day of Bangladesh Trade and Investment Summit.
The programme arranged by the commerce ministry and Dhaka Chamber of Commerce & Industry (DCCI) also blamed tariff and non-tariff barriers slapped by the African nations on imports in exploring the market.
Muhammad Zahangir Alam, director at the Square Pharmaceuticals Ltd, said since Africa can meet only 25% of its drug demand, the populous continent mostly import the pharmaceutical products.
Referring to "a very positive economic growth" in Africa in the last one decade, Zahangir said Square has been exporting medicine worth $10 million per year in ten African countries such as Kenya, Tanzania and Ruanda.
"Our venture to Africa was encouraging and we established a medicine plant in Kenya based on that experience," he said, adding the plant, which will be inaugurated shortly, has been established in an economic zone and the Kenyan authorities provided them with some attractive incentives.
While talking about the investment barriers, he noted a lack of infrastructure, weak regulatory framework, disrupted supply chain, a lack of direct flight and skilled local pharmaceutical professionals.
As the chief guest to the programme, Planning Minister MA Mannan said the private sector needs to carry out aggressive investment both at home and abroad.
He said food processing and agriculture have good prospects in the African subcontinent.
"Many Bangladeshi entrepreneurs are now entering the African market," said the minister, adding, "We need to grab it."
In a presentation, DCCI President Rizwan Rahman showed Bangladesh largely benefits from the $1.5 billion bilateral trade as African investment in Bangladesh is declining while Bangladeshi investment in the continent is on a gradual rise.
"The demand for low-cost agro-products is high in Africa. Besides, there are employment opportunities for around 40 lakh Bangladeshis in different sectors, especially in agriculture."
To put money into the African market, the DCCI president proposed joint ventures in pharmaceuticals, RMG, real estate, construction, footwear, energy, agro and food-processing, degradable packaging, light-weight manufacturing, ICT and telecommunications.
Echoing the DCCI president on joint ventures, M Mosaddek Hossain, managing director at UniMed UniHealth Pharmaceuticals Ltd, said, "There are huge opportunities for joint ventures with African investors to hold a significant chunk of the African market worth $50 billion in the next ten years."
AHM Ahsan, vice chairman and CEO at the Export Promotion Bureau (EPB) said "With exports only to 5-6 African countries, Bangladesh's trade with Africa is significantly low compared to other regions. Their high import tariff is an obstacle. But the service sector is a potential sector for investment."
Md Tarikul Islam, Africa Wing director general at the foreign ministry, said Africa is resourceful country having enormous potentials. African investment in Bangladesh is not remarkable due to their restrictions over foreign investment.
Businesses see export potential in Africa market
Planning minister says Bangladeshi entrepreneurs need to grab the new investment and export destination
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Bangladesh has expressed interest to cooperate in 10 billion tree plantations under Saudi Green Initiative programme.
Dr Mohammad Jabed Patwari, Bangladesh's ambassador to the country, said this during a meeting with Prince Abdul Aziz bin Saad, the governor of Hail, Saudi Arabia on November 3.
At the time, the Ambassador said, Bangladesh, with experience and expertise, is willing to cooperate Saudi Arabia in its green initiative. Bangladesh is also interested in providing suitable and tolerant tree saplings for the desert, if required.
The governor expressed interest in joint research with various Bangladeshi organisations on tree plantation in Saudi Arabia and restoration of extinct trees in the desert.
He said the two countries could work more closely on the implementation of the greening projects in association with Bangladesh on the basis of the country's experience and knowledge in technical and scientific fields.
He proposed joint studies between the universities of Bangladesh and Saudi Arabia in this regard.
He also mentioned joint research with Bangladesh on water management through which both the countries can benefit.
On the other hand, Mohammad Jabed sought cooperation from the governor for the release of Bangladeshi migrants imprisoned in Hail Jail for various reasons.
Highlighting various matters of interest in Hail, the ambassador expressed hope about the growth of tourism between the two countries. He also spoke about the exchange of culture and heritage.
Mohammad Jabed also expressed sincere gratitude and appreciation to the Saudi government for providing free medical treatment and Covid-19 vaccines to the Bangladeshi migrants there.
In addition, the ambassador also met with Hail's Police Chief Major General Dr Kitab Al Otaibi and sought his cooperation in resolving any urgent issues of Bangladeshi migrants, including women domestic workers.
The police chief addressed the Bangladeshis as brothers and assured them of their cooperation in any need.
www.thedailystar.net
Commerce minister Tipu Munshi has sought Canadian investment and technical support to Bangladesh especially in canola crushing, protein fortification industries and production of other value-added agricultural commodities from the Saskatchewan Province of Canada.
The commerce minister made the request during an official meeting with the Saskatchewan Provincial Government’s minister of trade and export development Jeremy Harrison and minister of agriculture David Marit in Canada on Thursday.
He also pointed out the current government’s business and investment friendly policy, said a press release.
During the meeting, deputy minister of Saskatchewan Trade and Export Development, Jodi Bank, CEO of Global Institute of Food Security Stephen Visscher were also present along with other senior officials.
Tipu Munshi led the Bangladesh delegation and other members of his team Md Hafizur Rahman, additional secretary (export), Md Mohammad Mashooqur Rahman Sikder, officials of Bangladesh High Commission, Ottawa were also present.
The minister recalled that Canada was one of the first few countries that recognised Bangladesh immediately after the country’s independence.
He also mentioned that the friendly bilateral relationship between Bangladesh and Canada has reached a new height.
Tipu had given emphasis on enhancing bilateral trade and commerce as well as investment.
The Canadian counterpart trade and export development minister highly praised the current growth and economic development of Bangladesh and reassured to increase bilateral engagement in trade and commerce.
The commerce minister had drawn attention to increase the number of Bangladeshi students and technical and scientific collaboration with Canada.
The meeting ended with fruitful discussion and the leaders from both the sides vowed to exchange high-level business delegation in the next year for boosting bilateral engagement in trade and commerce.
Besides, Tipu visited a food grain processing facility named Agro-Corp and had meeting with the CEO of Saskatchewan Trade and Economic Partnership for enhancing partnership in trade and commerce.
www.newagebd.net
The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) has called upon the UK businessmen to come forward for further strengthening trade, investment and economic relations between the UK and Bangladesh.
FBCCI President Md. Jashim Uddin made the call at the Networking Business Meeting with the British Bangladesh Chamber of Commerce and Industry (BBCCI) on Friday in London.
While leading the Bangladeshi business delegation at the meeting, the FBCCI chief said that the UK and Bangladesh have an excellent bond of friendship which is reflected in partnership and people to people links.
The Bangladeshi Diaspora in the UK is taking an active participation in trade and investment through business and economic collaboration, he said.
In the context of the new economic development perspective, there are huge opportunities and prospects for further enhancing the trade and investment cooperation between the two countries, said the FBCCI chief.
He also mentioned that though UK is an important export destination of Bangladesh, but still exports of the country to the UK is concentrated to a few items like knitwear, woven garments, frozen fish and textile items.
Bangladesh offers one of the world's best competitive fiscal and non-fiscal incentives including profit repatriation, tax holiday and duty-free import of capital machinery, he added.
Mostofa Azad Chowdhury Babu, Senior Vice President, FBCCI mentioned that FBCCI and BBCCI can work together in a focused manner to promote our country's branding and facilitate export diversification, which is a must in the post LDC graduation period.
He urged NRB's to invest in Bangladesh.
M A Momen, Vice President of FBCCI emphasized on strengthening of relationship between FBCCI and BBCCI for business and economic activities. FBCCI as the apex trade body of Bangladesh is always open to facilitate any business interest in Bangladesh, he assured.
On the same day, FBCCI President along with other members of the delegation had a business meeting with Richard Burge, CEO of London Chamber of Commerce and Industry (LCCI). At the meeting, it was discussed that steps might be taken to sign a MoU between the FBCCI and LCCI under which both can undertake business promotion activities including regular exchange of delegations, business information exchange, joint research, trade fairs and networking events.
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Dr Mohammad Jabed Patwari, Bangladesh's ambassador to the country, said this during a meeting with Prince Abdul Aziz bin Saad, the governor of Hail, Saudi Arabia on November 3.
At the time, the Ambassador said, Bangladesh, with experience and expertise, is willing to cooperate Saudi Arabia in its green initiative. Bangladesh is also interested in providing suitable and tolerant tree saplings for the desert, if required.
The governor expressed interest in joint research with various Bangladeshi organisations on tree plantation in Saudi Arabia and restoration of extinct trees in the desert.
He said the two countries could work more closely on the implementation of the greening projects in association with Bangladesh on the basis of the country's experience and knowledge in technical and scientific fields.
He proposed joint studies between the universities of Bangladesh and Saudi Arabia in this regard.
He also mentioned joint research with Bangladesh on water management through which both the countries can benefit.
On the other hand, Mohammad Jabed sought cooperation from the governor for the release of Bangladeshi migrants imprisoned in Hail Jail for various reasons.
Highlighting various matters of interest in Hail, the ambassador expressed hope about the growth of tourism between the two countries. He also spoke about the exchange of culture and heritage.
Mohammad Jabed also expressed sincere gratitude and appreciation to the Saudi government for providing free medical treatment and Covid-19 vaccines to the Bangladeshi migrants there.
In addition, the ambassador also met with Hail's Police Chief Major General Dr Kitab Al Otaibi and sought his cooperation in resolving any urgent issues of Bangladeshi migrants, including women domestic workers.
The police chief addressed the Bangladeshis as brothers and assured them of their cooperation in any need.
Bangladesh interested to cooperate in Saudi Green Initiative
Bangladesh has expressed interest to cooperate in 10 billion tree plantations under Saudi Green Initiative programme.
Commerce minister Tipu Munshi has sought Canadian investment and technical support to Bangladesh especially in canola crushing, protein fortification industries and production of other value-added agricultural commodities from the Saskatchewan Province of Canada.
The commerce minister made the request during an official meeting with the Saskatchewan Provincial Government’s minister of trade and export development Jeremy Harrison and minister of agriculture David Marit in Canada on Thursday.
He also pointed out the current government’s business and investment friendly policy, said a press release.
During the meeting, deputy minister of Saskatchewan Trade and Export Development, Jodi Bank, CEO of Global Institute of Food Security Stephen Visscher were also present along with other senior officials.
Tipu Munshi led the Bangladesh delegation and other members of his team Md Hafizur Rahman, additional secretary (export), Md Mohammad Mashooqur Rahman Sikder, officials of Bangladesh High Commission, Ottawa were also present.
The minister recalled that Canada was one of the first few countries that recognised Bangladesh immediately after the country’s independence.
He also mentioned that the friendly bilateral relationship between Bangladesh and Canada has reached a new height.
Tipu had given emphasis on enhancing bilateral trade and commerce as well as investment.
The Canadian counterpart trade and export development minister highly praised the current growth and economic development of Bangladesh and reassured to increase bilateral engagement in trade and commerce.
The commerce minister had drawn attention to increase the number of Bangladeshi students and technical and scientific collaboration with Canada.
The meeting ended with fruitful discussion and the leaders from both the sides vowed to exchange high-level business delegation in the next year for boosting bilateral engagement in trade and commerce.
Besides, Tipu visited a food grain processing facility named Agro-Corp and had meeting with the CEO of Saskatchewan Trade and Economic Partnership for enhancing partnership in trade and commerce.
Commerce minister seeks further Canadian investment
Commerce minister Tipu Munshi has sought Canadian investment and technical support to Bangladesh especially in canola crushing, protein fortification industries and production of other value-added agricultural commodities from the Saskatchewan Province of Canada...
www.newagebd.net
The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) has called upon the UK businessmen to come forward for further strengthening trade, investment and economic relations between the UK and Bangladesh.
FBCCI President Md. Jashim Uddin made the call at the Networking Business Meeting with the British Bangladesh Chamber of Commerce and Industry (BBCCI) on Friday in London.
While leading the Bangladeshi business delegation at the meeting, the FBCCI chief said that the UK and Bangladesh have an excellent bond of friendship which is reflected in partnership and people to people links.
The Bangladeshi Diaspora in the UK is taking an active participation in trade and investment through business and economic collaboration, he said.
In the context of the new economic development perspective, there are huge opportunities and prospects for further enhancing the trade and investment cooperation between the two countries, said the FBCCI chief.
He also mentioned that though UK is an important export destination of Bangladesh, but still exports of the country to the UK is concentrated to a few items like knitwear, woven garments, frozen fish and textile items.
Bangladesh offers one of the world's best competitive fiscal and non-fiscal incentives including profit repatriation, tax holiday and duty-free import of capital machinery, he added.
Mostofa Azad Chowdhury Babu, Senior Vice President, FBCCI mentioned that FBCCI and BBCCI can work together in a focused manner to promote our country's branding and facilitate export diversification, which is a must in the post LDC graduation period.
He urged NRB's to invest in Bangladesh.
M A Momen, Vice President of FBCCI emphasized on strengthening of relationship between FBCCI and BBCCI for business and economic activities. FBCCI as the apex trade body of Bangladesh is always open to facilitate any business interest in Bangladesh, he assured.
On the same day, FBCCI President along with other members of the delegation had a business meeting with Richard Burge, CEO of London Chamber of Commerce and Industry (LCCI). At the meeting, it was discussed that steps might be taken to sign a MoU between the FBCCI and LCCI under which both can undertake business promotion activities including regular exchange of delegations, business information exchange, joint research, trade fairs and networking events.
FBCCI seeks investment from British-Bangladeshis
FBCCI President Md Jashim Uddin holds meeting with the British Bangladesh Chamber of Commerce and Industry in London
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South Korea has expressed its keen interest to preserve the historic Panam City for the benefit of next generations and to attract tourists, build in Sonargaon in Narayanganj in the early nineteenth century, about 37 kilometres south of the capital city Dhaka.
South Korean ambassador to Bangladesh Lee Jang Keun came up with this proposal as he made a courtesy call on state minister for cultural affairs KM Khalid at the latter’s secretariat office in Dhaka on Sunday.
‘South Korea already has preserved Baro Sardar Bari, one of the most significant heritage sites in Sonargaon, which is the first attempt to preserve a cultural heritage site in Bangladesh and similarly the Panam City which was capital of the fifteenth-century Bengal ruler Isa Khan also would be preserved,’ according to a release quoting the envoy as saying.
During the meeting, they discussed on different issues, including the birth centenary of the country’s founding president Sheikh Mujibur Rahman, golden jubilee of independence, 50-years anniversary of the diplomatic relations between Bangladesh and South Korea and Korean cooperation on preserving different important archaeological and cultural sites in the country.
Terming the culture is an important ingredient, the Korean ambassador said, ‘the culture is an important things which can play an important role in accelerating relations between the two countries.’
Remembering cultural deal signed between the two countries, the state minister said that the cultural agreement was signed between the two countries in Dhaka on June 14 in 1979. Then a five year long cultural exchange agreement was also signed on July 14 in 2019 under the purview of the earlier deal.
The Korean film festival will be held between November 24 and 26 at the national museum as Bangladesh has been regularly organising the Korean film festival since 2013, the Korean envoy told the meeting.
Joint secretary of the cultural affairs ministry Fahimul Islam along with other concerned officials were present at the meeting.
www.newagebd.net
South Korean ambassador to Bangladesh Lee Jang Keun came up with this proposal as he made a courtesy call on state minister for cultural affairs KM Khalid at the latter’s secretariat office in Dhaka on Sunday.
‘South Korea already has preserved Baro Sardar Bari, one of the most significant heritage sites in Sonargaon, which is the first attempt to preserve a cultural heritage site in Bangladesh and similarly the Panam City which was capital of the fifteenth-century Bengal ruler Isa Khan also would be preserved,’ according to a release quoting the envoy as saying.
During the meeting, they discussed on different issues, including the birth centenary of the country’s founding president Sheikh Mujibur Rahman, golden jubilee of independence, 50-years anniversary of the diplomatic relations between Bangladesh and South Korea and Korean cooperation on preserving different important archaeological and cultural sites in the country.
Terming the culture is an important ingredient, the Korean ambassador said, ‘the culture is an important things which can play an important role in accelerating relations between the two countries.’
Remembering cultural deal signed between the two countries, the state minister said that the cultural agreement was signed between the two countries in Dhaka on June 14 in 1979. Then a five year long cultural exchange agreement was also signed on July 14 in 2019 under the purview of the earlier deal.
The Korean film festival will be held between November 24 and 26 at the national museum as Bangladesh has been regularly organising the Korean film festival since 2013, the Korean envoy told the meeting.
Joint secretary of the cultural affairs ministry Fahimul Islam along with other concerned officials were present at the meeting.
S Korea keen to preserve Panam City
South Korea has expressed its keen interest to preserve the historic Panam City for the benefit of next generations and to attract tourists, build in Sonargaon in Narayanganj in the early nineteenth century, about 37 kilometres south of the capital city Dhaka...
www.newagebd.net
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South Korean company Kido Dhaka Co Ltd is going to establish a high-end garments and sportswear manufacturing industry in Adamjee Export Processing Zone with an investment of $31.17 million.
This fully foreign-owned company will produce annually 2 million pieces of different types of jackets made of cloths, leather, fibre, fleece, baby warmer, soft shell and sweatshirt along with vest, work-wear, coverall, hospital gown, protective cloths and personal protective equipment, according to a press release.
The investment is expected to create job opportunities for 6,040 Bangladeshi workers.
Kido Dhaka Co Ltd will generate more employment opportunities for the Bangladeshi nationals gradually as it has plans to invest more through taking closed industrial plants of EPZs on lease.
Ali Reza Mazid, member for investment promotion of Bangladesh Export Processing Zones Authority (Bepza), and Young Dae (Joseph), acting director of Kido Dhaka Co Ltd, signed an agreement in this regard today at Bepza Complex in Dhaka.
Major General Abul Kalam Mohammad Ziaur Rahman, new executive chairman of Bepza, and Major General Md Nazrul Islam, previous executive chairman, were present at the agreement signing ceremony.
The renowned sportswear manufacturing company of South Korea also has five plants in Vietnam, Myanmar and Indonesia.
S Korean Kido Group to invest $31.17m in Adamjee EPZ
South Korean company Kido Dhaka Co Ltd is going to establish a high-end garments and sportswear manufacturing industry in Adamjee Export Processing Zone with an investment of $31.17 million.
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The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has signed separate memorandums of understanding (MoUs) with Chamber Wales and Wales Bangladesh Chamber of Commerce at a business meeting in Wales.
Md Jashim Uddin, president of FBCCI and Paul Slevin, president of Chamber Wales, and Abdul Alim, president of Wales Bangladesh Chamber of Commerce, inked the deals on behalf of their respective organisations on 8 November, says a press release.
Speaking on the occasion, Md Jashim Uddin stated that Bangladesh now has many highly prospective diversified products to export to the UK.
Chamber Wales and Wales Bangladesh Chamber of Commerce and Industry may encourage people in the UK to use the products of Bangladesh, he added.
On the same day, the FBCCI president met Julie Morgan, deputy minister for Social Services of Wales at Cardiff.
In the meeting, Md Jashim Uddin mentioned that the UK and Bangladesh have an excellent bond of friendship which has been reflected in the partnership and people-to-people ties of both countries.
He said Bangladesh is now considered as the economic role model for other developing countries for its sustainable growth, women empowerment, and poverty reduction.
Md Jashim Uddin invited more UK investment to Bangladesh considering the facilities offered by the government.
Mostofa Azad Chowdhury Babu, senior vice-president of FBCCI, MA Momen, Md Aminul Haque Shamim, Md Amin Helaly, vice-presidents of FBCCI, Md Rejaul Kariem Rejnu, CIP, Tabarakul Tosaddek Hossain Khan Tito, Syed Sadat Almas Kabir, Syed Moazzem Hossain, Nadia Binte Amin, Khan Ahmed Shuvo, Ferdousi Begum, directors of FBCCI, Md Halal Uddin, former vice-president, Prabir Kumar Saha, former director, Engr Md Mohabbat Ullah, former director of FBCCI were also present in MoU's signing ceremony and the meeting with Julie Morgan, deputy minister for Social Services of Wales.
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Md Jashim Uddin, president of FBCCI and Paul Slevin, president of Chamber Wales, and Abdul Alim, president of Wales Bangladesh Chamber of Commerce, inked the deals on behalf of their respective organisations on 8 November, says a press release.
Speaking on the occasion, Md Jashim Uddin stated that Bangladesh now has many highly prospective diversified products to export to the UK.
Chamber Wales and Wales Bangladesh Chamber of Commerce and Industry may encourage people in the UK to use the products of Bangladesh, he added.
On the same day, the FBCCI president met Julie Morgan, deputy minister for Social Services of Wales at Cardiff.
In the meeting, Md Jashim Uddin mentioned that the UK and Bangladesh have an excellent bond of friendship which has been reflected in the partnership and people-to-people ties of both countries.
He said Bangladesh is now considered as the economic role model for other developing countries for its sustainable growth, women empowerment, and poverty reduction.
Md Jashim Uddin invited more UK investment to Bangladesh considering the facilities offered by the government.
Mostofa Azad Chowdhury Babu, senior vice-president of FBCCI, MA Momen, Md Aminul Haque Shamim, Md Amin Helaly, vice-presidents of FBCCI, Md Rejaul Kariem Rejnu, CIP, Tabarakul Tosaddek Hossain Khan Tito, Syed Sadat Almas Kabir, Syed Moazzem Hossain, Nadia Binte Amin, Khan Ahmed Shuvo, Ferdousi Begum, directors of FBCCI, Md Halal Uddin, former vice-president, Prabir Kumar Saha, former director, Engr Md Mohabbat Ullah, former director of FBCCI were also present in MoU's signing ceremony and the meeting with Julie Morgan, deputy minister for Social Services of Wales.
FBCCI signs MoUs with Chamber Wales, Wales Bangladesh Chamber of Commerce
Chamber Wales and Wales Bangladesh Chamber of Commerce and Industry may encourage people in the UK to use the products of Bangladesh
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Agriculture Ministry of the Netherlands assured of extending cooperation to Bangladesh in developing accreditation lab providing Phytosanitary certificates in enhancing exports of agricultural products.
Officials of agriculture ministry and agricultural food related government and non-government offices of the Netherlands gave the assurance at a meeting with Bangladesh Agriculture Minister Dr Md Abdur Razzaque at the residence of Bangladesh Ambassador to the Netherlands on Tuesday.
The minister said Bangladesh has attained remarkable success in agricultural production and the country has many surplus crops but Bangladesh is lagging behind in exports and processing.
He sought cooperation from the Netherlands in technical and knowledge exchange. The Netherlands representatives assured of working together with Bangladesh in removing impediments of exports of agricultural products from Bangladesh.
They also assured of strengthening ties among businessmen of the two countries in seed production, transportation and agricultural processing.
Bangladesh Ambassador to the Netherlands M Riaz Hamidullah, the Netherlands Ambassador in Dhaka Anne van Leeuwen and Netherlands Agriculture Ministry Agri-International Deputy Director Guido Landheer were present, among others.
Agricultural Marketing Department Director General Mohammad Yusuf, Pran RFL Group Chairman and Chief Executive Officer (CEO) Ahsan Khan Chowdhury, ACI Agro Link Managing Director and CEO FH Ansari, Square Food and Beverage Chief Operating Officer Parvez Saiful Islam, Gemcon Group Director Kazi Inam Ahmed, Meghna Group of Industries Chairman Md Mustafa Kamal and Bangladesh Fruits, Vegetable and Allied Product Exporters' Association President Jahangir Hossain were present, among the Bangladesh delegation.
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Officials of agriculture ministry and agricultural food related government and non-government offices of the Netherlands gave the assurance at a meeting with Bangladesh Agriculture Minister Dr Md Abdur Razzaque at the residence of Bangladesh Ambassador to the Netherlands on Tuesday.
The minister said Bangladesh has attained remarkable success in agricultural production and the country has many surplus crops but Bangladesh is lagging behind in exports and processing.
He sought cooperation from the Netherlands in technical and knowledge exchange. The Netherlands representatives assured of working together with Bangladesh in removing impediments of exports of agricultural products from Bangladesh.
They also assured of strengthening ties among businessmen of the two countries in seed production, transportation and agricultural processing.
Bangladesh Ambassador to the Netherlands M Riaz Hamidullah, the Netherlands Ambassador in Dhaka Anne van Leeuwen and Netherlands Agriculture Ministry Agri-International Deputy Director Guido Landheer were present, among others.
Agricultural Marketing Department Director General Mohammad Yusuf, Pran RFL Group Chairman and Chief Executive Officer (CEO) Ahsan Khan Chowdhury, ACI Agro Link Managing Director and CEO FH Ansari, Square Food and Beverage Chief Operating Officer Parvez Saiful Islam, Gemcon Group Director Kazi Inam Ahmed, Meghna Group of Industries Chairman Md Mustafa Kamal and Bangladesh Fruits, Vegetable and Allied Product Exporters' Association President Jahangir Hossain were present, among the Bangladesh delegation.
Netherlands to help Bangladesh in developing accreditation lab | News
DHAKA, Nov 10, 2021 (BSS) - Agriculture Ministry of the Netherlands assured of extending cooperation to Bangladesh in developing
