Handout                                                                                                          Number : 2051

CMA delegation meets Foreign Minister

Dhaka, 23 May :

A Delegation from Chinese Manufacturers’ Association (CMA), Hong Kong met  Foreign Minister A. K. Abdul Momen in presence of Executive Heads of BIDA, BEZA, BEPZA, Hi-Tech Park, Public Private Partnership Authority (PPPA) at a seminar-meeting to explore ‘Trade and Investment Opportunities in Bangladesh’ at the Ministry of Foreign Affairs in Dhaka today. Twenty eight delegates from CMA led by Dr. Dennis NG, President of the Chinese Manufacturers’ Association Hong Kong attended the meeting at the Ministry.

In his introductory remarks Foreign Minister highlighted the pro-business, trade and investment friendly climate of Bangladesh. He reiterated that Bangladesh is now recognised worldwide as ‘Development Miracle’ under the visionary leadership and bold measures and initiatives taken by Prime Minister Sheikh Hasina and her government. This program is the true reflection of her vision and the commitment of the whole of the government approach to advocate and emphasize economic and trade diplomacy. He also highlighted different investment and trade entitlement and facilities provided by the government to the foreign investors like low cost of gas, electricity, water, economic zones, demographic dividend etc. He added that recent stable economic growth and the strong growth projections in the coming decade by a number of world’s reputed organizations has turned Bangladesh as one of the attractive destinations for investment in the present time. The Minister assured the fact that under the leadership of Prime Minister Sheikh Hasina, Bangladesh is politically most stable country in the region and her government shows ‘zero tolerance’ policy to any disruptive activities in the country that can affect business or otherwise. The Minister reassured of full support to foreign investors from the government.

Executive Heads of all the National Investment Authorities’ of Bangladesh-Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA), Bangladesh Hi-Tech Park Authority, Public Private Partnership Authority made presentations before the visiting delegates to apprise them business opportunities available in Bangladesh to foreign investors.

Delegates from CMA showed interest and expressed their optimism about investment in Bangladesh. CMA delegates will visit some already running factories established by Hong Kong in Bangladesh. On 25 May 2019 the delegation will also participate in a business matching seminar with local business counterparts.

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Touhid/Mahmud/Sanjib/Salim/2019/1920 Hrs