Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Bangladesh and the United Kingdom signed a Memorandum of Understanding (MoU) to enhance cooperation in Public-Private Partnerships (PPP), reinforcing their shared commitment to boosting investment and sustainable infrastructure development in the aviation sector.
The MoU was signed on Tuesday by Ashik Chowdhury, Chief Executive Officer of the PPP Authority of Bangladesh, and Sarah Cooke, British High Commissioner to Bangladesh, in the presence of the UK Trade Envoy, Baroness Rosie Winterton of Doncaster, according to a statement.
Ms Baroness is visiting Dhaka this week to reinforce and expand the longstanding and mutually beneficial UK–Bangladesh trade and economic partnership, added the statement issued by the British High Commission.
The agreement marks a significant step in strengthening bilateral collaboration, with a focus on investment facilitation, knowledge exchange, capacity building, and increased private sector participation in the aviation sector.
Speaking at the event, Baroness Rosie Winterton said, “The UK and Bangladesh are close economic partners. This MoU demonstrates our shared ambition to develop an aviation sector that underpins trade, tourism, and economic growth."
The MoU provides a platform for investment and job creation that will benefit both the countries, she said, adding, "I look forward to seeing today’s agreement translate into real progress on the ground.”
The British High Commissioner to Bangladesh, Sarah Cooke, said: “As one of the largest investors in Bangladesh, the UK is a reliable, long-term economic partner."
The MoU reflects their shared commitment to strengthen that partnership to drive mutually beneficial trade, investment and economic growth, she noted.
M Rashiduzzaman Millat, state minister for Civil Aviation and Tourism, said the MoU will hopefully further strengthen the partnership and business ties between Bangladesh and the UK.
He said PPPA will carry forward the country’s agenda in line with the instructions of the Prime Minister and assured full support and commitment to Bangladesh-UK engagement that creates mutual benefit for both countries.
Terming the MoU an important step forward, Ashik Chowdhury, CEO, Public Private Partnership (PPP) Authority, said the support of the Prime Minister’s Office and the commitment of the Ministry of Civil Aviation and Tourism have helped to bring us to this point.
"The UK is one of Bangladesh’s largest investors, but we have not seen a major new UK investor enter the market in recent years," he said.
This sends a clear signal that Bangladesh is open for business and ready for a new generation of investments, he said, adding it also creates opportunities for our young workforce and supports its growing global mobility. We are excited about the potential ahead.”
Humayun Kobir, Adviser, Ministry of Foreign Affairs, Ministry of Disaster Management and Relief & Ministry of Civil Aviation and Tourism said
"We want to unlock the creative potential of our people, particularly our young people, as well as the strength and dynamism of British diaspora businesses."
He further said they want to deepen and expand their business engagement with the UK.
"I believe this agreement will help pave the way for broader, more wide-ranging collaboration across sectors.”
munni_fe@yahoo.com