BSS
  23 Jan 2022, 19:53

Commonwealth to assist Bangladesh's economic growth after LDC graduation 

   DHAKA, Jan 23, 2022 (BSS) - Commonwealth Enterprise and Investment Council 
(CWEIC) will assist Bangladesh in sustaining its robust economic growth after 
LDC graduation. 

   Samantha Cohen, CEO of CWEIC, made this remark when he met with Md Jashim 
Uddin, president of the Federation of Bangladesh Chambers of Commerce and 
Industry (FBCCI), today at a city hotel in the capital, said a press release.

    Md Jashim Uddin said that the businessmen around the world are still not 
well-aware of Bangladesh's rapid transformation that took place in the recent 
years and also about the tremendous opportunities that the "New Bangladesh" 
offers.

   FBCCI is keen to connect with the private sector of the Commonwealth 
countries to promote the government's "Branding Bangladesh" initiative, he 
added.

   Samantha mentioned that CWEIC will organize a high-level business 
delegation to Bangladesh later this year. 

   She requested FBCCI to arrange B2B meetings and factory visits for the 
delegation to show them the compliance and competitive advantages of the 
growing sectors of the country.

   During the meeting, they discussed various aspects of mutually beneficial 
cooperation as well as how the Commonwealth platform can be utilized to 
retain Bangladesh's economic pace in the post LDC period. 

   They talked on export diversification and exploring markets across 
Commonwealth states, collaboration to increase high-skilled workforce and 
innovation, investment in infrastructures with technology accessibility, 
streamlining trade facilitation and technical support to strengthen the 
potential sectors of the country.

   CWEIC will also assist Bangladesh to enter the mainstream market of its 
major and highly potential trade partners including the UK, Canada and 
Australia as well as highlight Bangladesh's remarkable development 
accomplishments and innumerable potentials among its member states.

   FBCCI is the strategic partner of CWEIC and Md Jashim Uddin, President of 
FBCCI is one of the members of CWEIC's Advisory Board.

   Mohammad Mahfuzul Hoque, Secretary General of FBCCI was also present at 
the meeting.