Home breadcru News breadcru Policy breadcru Dhaka plans virtual platform connecting missions abroad to raise FDI

Dhaka plans virtual platform connecting missions abroad to raise FDI

11 Mar '22
2 min read
Foreign minister AK Abdul Momen. Pic: Ministry of Foreign Affairs, Bangladesh
Foreign minister AK Abdul Momen. Pic: Ministry of Foreign Affairs, Bangladesh

The Bangladesh foreign ministry is planning to host a virtual business and investment platform connecting all 80 Bangladesh missions abroad to expedite the government’s efforts to raise foreign direct investment, the country’s minister handling the portfolio AK Abdul Momen recently told the Bangladesh Economic Forum 2022 held in Dubai.

“Our progress is rooted in the innovative and indomitable spirit that we possess,” the minister said, adding that the steady growth trajectory needs to be taken to another height to graduate to be a developing country by 2024 and a developed nation by 2041.

“We have strengthened our capacity and intensified our efforts in this regard following the vision of the honourable prime minister on pursuing and emphasising on economic and trade diplomacy,” he was quoted as saying by Bangla media reports.

“I also wrote to our ambassadors abroad to intensify their efforts in this regard as well as sought their views on how we can do better and deliver better and most effectively to promote our trade and investment among foreigners,” he said.

He said his ministry has established a new international trade, investment and technology wing to deal and coordinate all trade and investment issues for supporting all relevant national authorities and ministries.

The foreign office is already experimenting with prototypes of minimum viable innovation engines and complementary asset portfolios, he said.

In the next few years, Dhaka expects to gain equitable market access, export basket expansion, significant amount of FDI inflow, transfer of critical technologies and employment of professionals and workers in foreign countries, he added.

ALCHEMPro News Desk (DS)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!