Any country will gain by investing in Bangladesh

Any country will benefit by investing in Bangladesh as the government is offering lucrative facilities to investors, Commerce Minister Tipu Munshi said on Wednesday.

Bangladesh is providing security to all investments, which will be helpful for investors, the minister said while addressing the opening ceremony of the three-day long 35th Asian Trade Promotion Forum (ATPF) CEO Meeting as the chief guest at Hotel Intercontinental in Dhaka.

Urging foreign countries to pour money into Bangladesh’s growing market, he said, “Bangladesh's development has become visible now. Work to establish 100 Special Economic Zones in important places of the country is progressing rapidly, with several zones in final stages. Many countries have the opportunity to invest here.”

He also said, “Bangladesh has sufficient skilled manpower. Bangladesh is a big market of about 17 crore people…. There is an opportunity to produce and export products in Bangladesh at low cost.”

The minister said, “Bangladesh’s economy was active even amidst the global economic turmoil caused by the Covid-19 pandemic during the last one and a half years.

However, he went on to say that the fuel and gas crisis created due to the recent Russia-Ukraine war has adversely affected Bangladesh along with the world. Yet, the country’s economy is moving in the right direction and it is expected to become a developing country in the coming years. 

Speaking about the ATPF’s potential in the Asia Pacific region, Tipu Munshi said the forum can benefit the region’s nearly 4 billion population through mutual information exchange and joint ventures.