FBCCI seeks more investment from Commonwealth countries

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Economic Reporter :
FBCCI President Sheikh Fazle Fahim said on Monday urged the Commonwealth countries from the Asia-Pacific to Africa region to come to Bangladesh with investment to tap the potentials of the growing South Asian economy.
He made the call during a meeting with the Deputy Chairman of Commonwealth Enterprise and Investment Council (CWEIC) Rt Hon Sir Hugo Swire at the Federation Bhaban in the capital city.
CWEIC is the Commonwealth’s business network with over 90 business and government strategic partners from 27 countries and territories. It has a mandate to facilitate trade and investment throughout the 54 member nations of the Commonwealth.
The FBCCI boss said the United Kingdom, which has recently come out from the European Union, should also come forward to invest more in Bangladesh. The UK is one of the top export markets for Bangladesh that earned $4.1 billion in 2019 fiscal year from Britain.
While Bangladesh’s major Commonwealth trade partners include the UK, Malaysia, Singapore, India, Australia and Canada with a total $23.15 billion of imports, he said Bangladesh has a huge potential to increase its trade volumes by bringing other countries of the 54-nation platform under its domain.
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