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TIPU-TRADE-COVID-19
Govt to take advantage of changed world trade after Covid-19: Tipu
DHAKA, May 20, 2020 (BSS) – Commerce Minister Tipu Munshi today said the
government is intensifying its efforts to take the advantage of the changed
world trade after Covid-19.
“Bangladesh has to approach a long way in the world trade competition.
Investors around the world are looking for new places to invest,” he said
while presiding over the seventh ‘Trade Support Advisory Committee’ meeting
at the ministry conference room here, an official release said.
Industries Minister Nurul Majid Mahmud Humayun attended the meeting while
Foreign minister Dr AK Abdul Momen, Prime Minister’s Private Industry and
Investment Adviser Salman Fazlur Rahman, Former Federation of Bangladesh
Chambers of Commerce and Industry (FBCCI) President Md Shafiul Islam
Mohiuddin and Bangladesh Garment Manufacturers and Exporters Association
(BGMEA) President Dr Rubana Huq, among others, joined the meeting through
online.
Tipu said many countries and companies across the world have already come
forward to invest in the 100 special economic zones announced by Prime
Minister Sheikh Hasina.
“In the current global situation, Japan is planning to shift its
investment from China to other countries,” he added.
Abdul Monem said Bangladesh’s two foreign exchange earning sectors are
exports and remittances. “In the current situation, the garment buyers have
been requested not to cancel the purchase order from Bangladesh. Many
countries have already promised not to cancel purchase orders. The United
States has expressed interest in importing medicines from Bangladesh,” he
added.
He said a request has been made so that Bangladeshi workers in different
countries do not have any problem in staying, eating and medical treatment.
“The countries concerned have assured to fulfill this responsibility. If
timely steps are taken, investment will come to Bangladesh and exports will
also increase a lot,” he added.
Nurul Majid Mahmud Humayn said a suitable environment is prevailing in the
country for setting up industrial factories. “The government has adopted an
investment friendly policy. We need to inform our investment policy to
foreign investors. We are ready to cooperate in any way. Employment will
increase if alternative factories are built in the country,” he added.
Salman Fazlur Rahman said Bangladesh has an opportunity to attract foreign
investment. “We have to use this opportunity without wasting time. We need to
make a quick list and contact with the investors to highlight the investment
policies and opportunities of Bangladesh. If necessary, a task force can be
formed for this purpose,” he added.
BSS/PR/KUC/ARS/2046 hrs