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After attending the Dubai Expo, the prime minister wooed Middle Eastern businesses at a joint forum. The forum aims to discuss strengthening trade ties between the two countries.
“I assure all of you that Bangladesh is now a lucrative land,” she said, adding that the country “soon” would become the father of the nation, Bangabandhu Sheikh Mujibur Rahman The envisaged “Golden Bangladesh”.
Hasina issued a “very warm invitation to join the dream and vision of Bangladesh”.
Before Hasina left Dhaka for her visit, Foreign Minister Abdul Momen had said that Bangladesh’s imports and exports were about $2 billion in trade with the oil-rich UAE. Of these, the UAE alone exported $1.5 billion.
The forum, jointly organised by the UAE Chamber of Commerce and the Bangladesh Chamber of Commerce and Industry, marked the establishment of the Joint Business Council. Hasina attended the event at the Dubai Exhibition Centre via video conference from Abu Dhabi.
Hasina congratulated the UAE government and people on a successful Expo Dubai, “a wonderful showcase of visions and ideas from around the world despite COVID-19 restrictions”.
“I must say that this Expo inspires hope that our dreams for the future can be bigger and brighter than the past.”
The Prime Minister also congratulated the business leaders of the UAE and Bangladesh for launching the Joint Business Council. “I have high hopes for the council and expect a lot in return and satisfaction.”
Describing Bangladesh’s socio-economic achievements, she said it is one of the few economies in the world that has grown even during the pandemic.
“Our continued growth is the result of a clear vision, prudent planning, sound governance, political stability and the tireless efforts of our hardworking people and dynamic entrepreneurs.”
Today, Bangladesh has become a ‘development miracle’. “
She pointed out that the Centre for Economics and Business Research predicts that by 2036, Bangladesh will be the 24th largest economy in the world. “Our equitable and inclusive ‘development model’ provides a solid foundation for further growth.” We are working to turn our $416 billion economy into one of the largest in the world soon. “
Bangladesh, aiming to become a developed country by 2041, is rapidly urbanizing, industrializing and increasing teledensity to connect individuals with governance, innovation and markets, she said. “Our goal is to seamlessly connect our elements of production to global markets.”
The Prime Minister said Bangladesh offers a huge domestic market of over 168 million people. “Our population is young, energetic and ambitious.”
“Thanks to our deep and broad innovations in agriculture and extension, productivity and remittances, our disposable income has grown faster than many comparable countries.”
“On top of that, we have an excellent geo-strategic location and are directly connected to all major international trade and shipping routes. We are also at the junction of the populous and growing regions of South, Southeast and East Asia,” Hasina Say.
“It’s interesting that our huge domestic market and the markets adjacent to us are actually untapped.”
“All these advantages make Bangladesh an attractive destination for investors, as well as the future manufacturing and economic hub of the region.”
Our principle policy and position is “friendly to all, no malice to anyone”. This insulates us from anything that could affect our free market cause and free economic order.
She also said that political stability in Bangladesh means investors can plan for the long term.
“There are also no restrictions on the ownership of foreign businesses. Also, Bangladesh has healthy foreign exchange reserves. Also, investors are free to repatriate their profits. In fact, Bangladesh’s sovereign rating is rising rapidly.”
The Prime Minister said Bangladesh’s special economic zones and high-tech parks are ready for new businesses. “We are ready to provide policy and infrastructure support to ensure that investors who choose Bangladesh as their home can only find the best in the world.”
“We are now strengthening multi-layered connections to food, finance and energy security. Our financial markets are now ready to support advanced private equity and fintech solutions. The digital Bangladesh we aspired to almost 12 years ago is now become a reality. So I invite you to come and work with us.”
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