DHAKA, Feb 23, 2020 (BSS) – Finance Minister AHM Mustafa Kamal today said that Bangladesh has become a suitable destination for investment from abroad which can be explored by Commonwealth states for mutual benefits.
The minister said this when Right Honourable (Rt Hon) Sir Hugo Swire KCMG, Deputy Chairman of the Commonwealth Enterprise and Investment Council (CWEIC) and former UK Minister of State for the Foreign and Commonwealth Office called on him at his ERD office in the city’s Sher-e-Bangla Nagar today, said a press release.
FBCCI President Sheikh Fazle Fahim, and Director of Business Development, CWEIC AQ Hamz were present.
Kamal urged the CWEIC deputy chair for playing the role of catalyst to enhance trade among the Commonwealth states.
Noting that the trade among these countries is still very low compared to other unions of the world, the finance minister welcomed the idea expressed by Sir Hugo Swire and suggested that the importance of Bangladesh to the Commonwealth as a whole and Commonwealth trade in particular is very significant.
During the meeting, Hugo Swire stated that CWEIC is keen to enhance trade and investment between Bangladesh and other member nations of the Commonwealth through a Strategic Partnership.
He also stated CWEIC aims to establish a hub office in Dhaka to help facilitate further engagements and invited leading Bangladeshi private sector businesses to join as Strategic Partners.
CWEIC also invited Bangladeshi businesses to join the delegation, led by FBCCI, to the upcoming Commonwealth Business Forum to be held in Rwanda alongside the Commonwealth Heads of Government Meeting (CHOGM).