Rushanara hails economic progress, wants enhanced partnership with UK
She noted that public and private sector- coordination is much needed for the continuation of this progress.
Ali also said that private sector development and trade expansion are the real growth drivers for Bangladesh’s economy.
In the meeting Rizwan Rahman said that the bilateral trade between Bangladesh and UK was USD $ 4.11 billion in 2021. The UK’s net FDI stock in Bangladesh was about $ 2.53 billion and the UK is the 3rd largest export destination for Bangladesh and in future it will grow further.
Rizwan Rahman invited British investments in the ship building, RMG, agro-processing, leather and footwear, light engineering and skills development sector of Bangladesh.
Bangladesh will enjoy duty free, quota free facility in the UK up to 2029 but DCCI president requested to allow Bangladesh to continue this facility even after 2029.
Rizwan also said that the Rules of Origin requirement facility can be eased and extended. Technical Barriers to Trade (TBT) needs to be reduced and rationalized, he added.