• November 2, 2021
  • Log In
  • Blog
বাংলা English
My Blog
  • Home
  • Entertainment
  • Lifestyle
    • Fashion
    • Foods
    • Travel
    • Health
  • Sports
  • Bangladesh
    • National
    • Business
    • Education
    • Politics
    • Law
  • World
  • More
    • Environment
    • Technology
    • COVID 19
    • Video
    • Photos
My Blog
বাংলা English
  • Home
  • /
  • Business
  • /
  • Bangladesh should focus more on regional trade blocs: experts
Bangladesh Business admin November 2, 2021 (0) (24)

Bangladesh should focus more on regional trade blocs: experts

Experts at a webinar observed that Bangladesh should focus more on regional trade blocs to attract trade and investments.

They made the observation at the webinar on “Asia and Pacific and Bangladesh: Harnessing Economic Potentials” held on the fourth day of “Bangladesh Trade and Investment Summit 2021”, said a press release here.

Bangladesh is located in a strategic location in the Asia and Pacific and poised to improve its competitiveness to make its vibrant position in this region but the country needs to work more in policy reforms, product diversification, market diversification, business process simplification, competitive tax and tariff regime, infrastructure development to harness the economic potentials, they mentioned.

 

Secretary to the Prime Minister’s Office (PMO) Md Tofazzel Hossain Miah was the chief guest at the webinar while Economic Relations Division (ERD) Secretary Fatima Yasmin was present as special guest.

Japanese Ambassador to Bangladesh Ito Naoki joined the webinar as the guest of honour while Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman delivered a power point presentation.

“Bangladesh has a very strategic location in the Asian region. Asia is the new economic frontier now and Bangladesh is a part of it,” Tofazzel Hossain Miah said, adding that Bangladesh is poised to transform in many areas with some commendable achievements.

He said LDC graduation is a sign of Bangladesh’s proven macroeconomic strength and resilience as well as our readiness. “We are trying to uplift the living standards of the vulnerable people,” he added.

He also underscored the importance of sustainable infrastructure. Bangladesh is located in a strategic location close to two big economies like China and India and it is an opportunity for Bangladesh.

Fatima Yasmin said Bangladesh have fastest growing economy in Asia and Covid-led pandemic has hampered our growth momentum though Bangladesh’s economic pace was very smooth.

 

“Due to adequate policy support, investment in infrastructure, resilient, dynamic and engaging private sector Bangladesh has been able to maintain a sustainable economic growth momentum,” she added.

Rizwan Rahman said the bilateral trade of Bangladesh and Asia and Pacific region hovers around US$36 Billion.

“Asia and Pacific is the third largest export destination of Bangladesh but it does not have any Preferential Trade Agreement (PTA) and Free Trade Agreement (FTA) with Asia and Pacific member countries,” he added.

The DCCI President suggested that the rules of origin need to be relaxed by Asia and Pacific Trade Agreement (APTA) for export growth from LDCs.

More bilateral and multilateral agreements are to be made to tap the untapped markets of the Asian countries, he added.

Ito Naoki said in next 5 years per capita income of Bangladesh will reach to US$3000 dollars.

He said that lack of infrastructure is a bottleneck for investment but for Bangladesh it will be solved soon.

Japan has been the largest export market for Bangladesh and trade between Bangladesh and Japan has increased by 10 percent in the last fiscal, he added.

Among others, Nitol Niloy Group Chairman Abdul Matlub Ahmad and Metropolitan Chamber of Commerce and Industry (MCCI) President Barrister Nihad Kabir spoke, among others, on the occasion.

previous postiPhone 13 hit Bangladesh market next postE-orange owner Sonia, 2 others remanded again
admin (administrator)

You might also like!

Bangladesh

Students vie for admission to Dhaka University after a pandemic year

November 2, 2021
Bangladesh

Bangladesh logs 3 virus deaths, 229 cases in a day

November 2, 2021
Bangladesh

Gold worth Tk 10 crore recovered from Biman flight

November 2, 2021
Business

Elon Musk offers to donate $6 billion to UN if it can solve world hunger

November 2, 2021
Bangladesh

Dhaka is world’s second-most polluted city

November 2, 2021
Bangladesh

Kaaoo kaaoo kah-ow!

November 2, 2021
Bangladesh

Coastal People: Not merely at mercy of nature

November 2, 2021
Bangladesh

Cost of trade to reduce in 4IR: Tipu

November 2, 2021
Bangladesh

TCB extends selling of goods by 3 days

November 2, 2021
Bangladesh

E-orange owner Sonia, 2 others remanded again

November 2, 2021
Bangladesh

iPhone 13 hit Bangladesh market

November 2, 2021
Bangladesh

AL govt always a friend of people in danger: Tipu

November 2, 2021
Bangladesh

Bangladeshi investors should eye untapped Africa: Experts

November 1, 2021
Bangladesh

‘Mujib 100 Industry Exhibition’ is time-befitting initiative: Tipu Munshi

November 1, 2021
Bangladesh

Mirza Fakhrul criticises govt for failing to arrest prices of essential

November 1, 2021
Bangladesh

Violence flares up over UP polls: 7 killed in Narsingdi, Rangamati, Magura

November 1, 2021
Bangladesh

Ailing Raushan to be taken abroad if doctors suggest: GM Quader

November 1, 2021
Bangladesh

15 BNP men remanded over clash with police

November 1, 2021
Bangladesh

19th death anniv of Adv Sirajul Huq on Oct 28

November 1, 2021
Bangladesh

VP Nur forms new party ‘Gono Adhikar Parishad’

November 1, 2021
Bangladesh

BNP unlikely to wage movement this year

November 1, 2021
Bangladesh

Khaleda Zia doing well, says Fakhrul

November 1, 2021
Bangladesh

People don’t support BNP: Bahauddin Nasim

November 1, 2021
Bangladesh

AL cancels nominations of 2 UP polls candidates on vandalism charges

November 1, 2021
Business

Time to take sports seriously

November 1, 2021
Business

Deshi Bhalobashi – wearing local with pride

October 31, 2021
Business

OddPerson — An online fashion label

October 31, 2021

Leave a comment Cancel reply

Your email address will not be published. Required fields are marked *

  • Latest News
  • Popular News
  • From Bazm E Laila to contemporary times, a phenomenal voice that captivated millions of souls.
  • “Rust” last week. Speaking to photographers in Vermon
  • Biden tests negative for COVID-19 ahead of COP26 summit
  • National University to start in-person exams on Sept 8
  • Govt to take ‘necessary steps’ if pandemic disrupts SSC, HSC exam plans
  • From Bazm E Laila to contemporary times, a phenomenal voice that captivated millions of souls.
  • Dhaka is world’s second-most polluted city
  • VP Nur forms new party ‘Gono Adhikar Parishad’
  • Mirza Fakhrul criticises govt for failing to arrest prices of essential
  • Vietnam to open Phu Quoc island to vaccinated tourists in November

FACEBOOK

ME TV

Live TV

metvbd

About Us

METV is one of the most prominent news portal bringing you latest and breaking news of home and abroad, entertainment, lifestyle, special reports, politics, economics, culture, education, information technology, health, sports, columns, and features within one click.

Follow Us

Download App

metvbd
metvbd

Subscibe

    • About us
    • Contact Us
    • Privacy Policy
    • Unicode Converter
    Copyright © 2021. All Rights Reserved.
    Developed by Backoffice