Finance
Bangladesh's Economy Development in the private sector is the driving force of Bangladesh's economy: Rushnara Ali
Dhaka, March 30: Rushnara Ali, Trade Envoy of the Prime Minister of the United Kingdom, stated that development and expansion of trade in the private sector is the main driving force of Bangladesh's economy. She said Bangladesh has achieved tremendous success in the socio-economic sector and coordination of public-private sector is essential to continue this trend of progress.
She made the remarks at a meeting at the Dhaka Chamber of Commerce and Industry (DCCI) building on Tuesday (March 29). At the same time, she emphasized the need to enhance the bilateral partnership between the United Kingdom and Bangladesh.
The meeting was attended by British High Commissioner to Dhaka Robert Chatterton Dixon. He said the private sector in Bangladesh is very strong and they are leading the way in the economy. Bangladesh and the United Kingdom can work together on industrial planning and skills development. He also mentioned that Mirsarai Economic Zone in Chittagong is a good place for foreign investors.
DCCI President Rizwan Rahman said that in 2021, the bilateral trade between Bangladesh and the United Kingdom was 4.11 billion. The UK's net FDI stock in Bangladesh was around USD 2.53 billion and the UK was Bangladesh's third largest exporter. The volume of these exports will increase further in the future.
He called on British investors to invest in Bangladesh in shipbuilding, readymade garments, agro processing, leather and footwear, light engineering and skills development.
