Regional trade key to national prosperity: Minister Mintoo

Environment, Forest and Climate Change Minister Abdul Awal Mintoo today (4 April) underlined the importance of strengthening Bangladesh-India economic ties in the post-election period, emphasising that regional collaboration is crucial for sustained growth.

He made the remarks at a press conference in Dhaka organised by ICC Bangladesh to launch the book 'Made in Nepal' by industrialist and author Dr Binod Chaudhary.

Mintoo said, "You have to understand my statement in context. I would like to go back to the 1750s. If you read Adam Smith's book 'The Wealth of Nations', it says that if you want to improve your society, if you want to make your country wealthy, you have to trade with neighboring countries."

He highlighted that Bangladesh's long-term prosperity is closely tied to regional cooperation, particularly with India, which remains a critical economic and geographic partner.

Mintoo stressed that post-election policies should reflect the historical significance of cross-border trade for national development.

Supporting this view, Nepali industrialist Binod K Chaudhury, whose book was being launched, pointed to the influence of geography on national destinies.

"Sometimes our destinies are governed by our geographies," Binod said, noting that Nepal's plans for broader economic engagement with Bangladesh require India's positive participation.

The launch was hosted by ICC Bangladesh under the leadership of Mahbubur Rahman, president of the chamber.

ICC Bangladesh, the national committee of the International Chamber of Commerce, promotes trade facilitation, policy reforms, and the integration of Bangladeshi businesses into the global economy.

The event also highlighted Binod K Chaudhury's journey as Nepal's first billionaire, offering lessons in entrepreneurship, resilience, and innovation in emerging markets.