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UK proposes ‘Trade and Investment Dialogue’ with Dhaka


Published : 03 Dec 2020 10:20 PM

The British government has proposed to establish a ‘UK-Bangladesh Trade and Investment Dialogue’ to deepen the business ties further.

British High Commissioner Robert Chatterton Dickson met with Commerce Minister Tipu Munshi on Thursday to formally propose the establishment of a UK-Bangladesh Trade and Investment Dialogue on behalf of the UK Government.

The High Commission said the Trade and Investment Dialogue would look to facilitate the deepest possible future trading relationship between the UK and Bangladesh through a mutual commitment to identifying and addressing barriers to trade faced by our companies when exporting and helping improve the business environment.

As a champion of free trade, the UK wants to deepen its already strong trading relationship with Bangladesh by developing a trade partnership that builds on our shared trade and investment interests. Increasing trade between our two countries will help increase growth and aid economic development, the High Commission said in a statement.

“The UK is looking to harness the opportunity presented by the UK’s exit from the European Union to develop a future trade partnership with Bangladesh that will increase two-way trade and bring greater prosperity to both of our countries,” the High Commissioner was quoted as saying.

The value of Bangladesh exports to the UK is £3.2 billion; the value of UK exports to Bangladesh is £811 million. 

The UK was the third largest investor in Bangladesh in 2019; the UK is Bangladesh’s third largest export market.