May 29, 2022, 6:42 pm


Staff Correspondent

Published:
2022-01-24 07:19:14 BdST

Bangladesh to receive Commonwealth assistance even after LDC graduation: Cohen


Bangladesh will get continued assistance from Commonwealth Enterprise and Investment Council (CWEIC) after its LDC graduation to continue the country’s robust economic growth, CWEIC Chief Executive Officer Samantha Cohen said on Sunday.

She made the assurance during a meeting with FBCCI President Md Jashim Uddin at a hotel in Dhaka.

Bangladesh will graduate from the Least Developed Country (LDC) group in 2026.

During the meeting, they discussed on 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.

The FBCCI president said that the businesses 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.

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.

They also talked about 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 etc.

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 Commonwealth Enterprise and Investment Council (CWEIC) and 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.

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