The Financial Express

Bangladesh offered help to retain growth pace in post-LDC period

| Updated: February 19, 2022 23:46:35

- Picture used for illustrative purpose - Picture used for illustrative purpose

Commonwealth Enterprise and Investment Council (CWEIC) is willing to assist Bangladesh in sustaining its robust economic growth after the country's graduation from the category of least developed countries (LDCs), says Samantha Cohen, CEO of CWEIC.

Ms. Samantha made the remark at a meeting with Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI), held at a city hotel on Sunday, says a statement.

Businesspeople around the globe are still not well-aware of the rapid transformation that Bangladesh has gone through in recent years and also about the tremendous opportunities that the 'New Bangladesh' offers, said the FBCCI chief.

FBCCI is keen to connect to the private sector of the Commonwealth countries to promote the government's 'Branding Bangladesh' initiative," he added.

CWEIC will organise visit of a high-level business delegation to Bangladesh later this year, Ms. Samantha said.

She requested FBCCI to arrange B2B meetings and factory visits for the delegation to show them the compliance and competitive advantages of the growing sectors of the country.

During the meeting, they discussed various aspects of mutually beneficial cooperation as well as how the Commonwealth platform can be utilised to retain Bangladesh's economic pace in the post-LDC period.

They talked on export diversification and exploring markets across the Commonwealth states, collaboration to increase high-skilled workforce and innovation, investment in infrastructures with technology accessibility, streamlining trade facilitation and technical support to strengthen the potential sectors of the country.

CWEIC will also assist Bangladesh in entering the mainstream market of its major and highly potential trade partners, including the UK, Canada and Australia, as well as highlight Bangladesh's remarkable development accomplishments and innumerable potential among its member states.

FBCCI is strategic partner of CWEIC and Md Jashim Uddin, president of the federation, is one of the members of the council's Advisory Board.

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