Bangladesh to work together with EU to boost trade and investment overcoming problems: Tipu Munshi | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
Bangladesh to work together with EU to boost trade and investment overcoming problems: Tipu Munshi

Bangladesh

UNB
04 October, 2023, 05:35 pm
Last modified: 04 October, 2023, 06:08 pm

Related News

  • US yet to confirm third-round talks as tariff deadline looms
  • Khulna Power to sell second plant to Turkish firm
  • Milestone plane crash: Students were preparing for coaching after class
  • Milestone crash: Indian medical team arrives in Dhaka
  • 13 political parties urge CA to announce specific election date

Bangladesh to work together with EU to boost trade and investment overcoming problems: Tipu Munshi

Tipu Munshi said if foreign investors come here and invest, they will benefit a lot

UNB
04 October, 2023, 05:35 pm
Last modified: 04 October, 2023, 06:08 pm
Bangladesh to work together with EU to boost trade and investment overcoming problems: Tipu Munshi

Commerce Minister Tipu Munshi on Wednesday urged the European investors who already invested here and have been successfully operating their businesses to advocate for Bangladesh's competitiveness in the global arena.

"You come and see. Let's take the message to investors," he said while speaking at a seminar as the chief guest.

The commerce minister said Bangladesh wants to work hand in hand with the European Union (EU) and is committed to removing the existing problems that hinder inbound investment.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"Yes, we acknowledge our challenges. However, we are eager to engage with the EU and collaborate effectively. Together, we can address these issues and find solutions," Munshi said, adding that if the foreign investors come here and invest, they will benefit a lot. 

The seminar titled "Unlocking Trade and Investment for European Companies in Bangladesh" was jointly organised by Dhaka Chamber of Commerce and Industry (DCCI) and the European Union Delegation to Bangladesh at a hotel in Dhaka.

Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Lokman Hossain Miah was present as special guest. 

Lokman said they are working for reforms to attract more FDI from the EU member countries. "BIDA is committed to provide faster and investment friendly services."

He also informed that all services of BIDA will be available in OSS by the end of this year and invited more direct or joint venture EU investment in Bangladesh enjoying various fiscal and non-fiscal incentives given to the foreign investors.      

Readiness of Bangladeshi industries coupled with sustainable regulatory framework, favourable tax regime, positive image branding, technologically skilled workforce, export competitiveness, conducive environment and diversification of products are key to attract more investment from the European Union countries in Bangladesh, said the speakers.

DCCI President Md Sameer Sattar said the five-decade-long Bangladesh and EU partnership had truly become an unprecedented and remarkable journey that turned the EU into one of the most reliable trading partners of Bangladesh.

"Our total export to the EU has surged to USD25.23 billion in FY2023 having 93% RMG share which has positioned Bangladesh as one of the popular sourcing destinations," he said.

Upon the LDC graduation of Bangladesh in 2026, Bangladesh needs to sustain the export market in its traditional and major destinations including the EU.

He also emphasized sustainable export product diversification to increase the share of Bangladesh's export to the EU market.

He invited EU investors to harness the country's proven and diversified investment sectors including agro-processing, textile, automobile, service sector, ICT in hi-tech parks, skills development, infrastructure, economic zones and logistics sectors for rewarding return and sustaining the win-win bilateral economic ties.      

Ambassador and Head of EU Delegation to Bangladesh Charles Whiteley said for decades, the EU has been the main destination for "made in Bangladesh" goods.

The graduation of Bangladesh to a developing country will reinvigorate EU-Bangladesh ties, he said, adding that it is time to explore new areas of cooperation from ICT to infrastructure, aviation, renewable energy, agriculture and pharmaceuticals. The EU is keen to boost bilateral trade and investment ties in the days to come.

Counsellor, EU Delegation to Bangladesh Jurate Merville said that to attract European FDI, a friendly regulatory framework is crucial.

She said that the EU is one of the top investors here in Bangladesh. She also called for an increasing skilled workforce to tap the future potentials of international business. 

Country Representative, Airbus Morad Bourouffala stressed on human capital development, skill development is more important for Bangladesh.

Syed Nasim Manzur, Managing Director, Apex Footwear Ltd. said RMG has positioned us in a prestigious stage in the global arena.

"But we have a few other sectors that have huge potential to have their access in the EU market like the leather industry," he said.

"At present we have many (Leather Working Group) LWG certified factories in Bangladesh. We need more EU companies to invest in manufacturing industries in Bangladesh. We need EU investment in skills transfer technology to create a technologically skilled workforce," he added.

Iqbal Chowdhury, CEO, Lafarge Holcim said cost effective and sustainable energy security is crucial for smooth production. "Existing FDI is our brand ambassador to attract more FDI."

Massih Niazi, CEO, Petromax LPG said they are successfully operating in Bangladesh. "At present we are facing a few short-term challenges like shortages of dollar, lack of LC opening and inflation, devaluation of taka."

He also hoped that these challenges will be overcome soon. He said the power supply, roads and transportation system should be improved, he added.  

Ziaur Rahman, Regional Country Manager, H&M said to compete in the international market "we have to prioritize our product diversification."

Mushtaque Ahmed, Vice President, Bangladesh Bicycle and Parts Manufacturers and Exporters Association said Bangladesh is now producing a huge number of e-bikes and the EU market will be a potential destination for this product.

Top News

Tipu Munshi / European Union (EU) / Bangladesh

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BB asks female staff to wear 'modest' attire, discourages short-sleeved or length dresses, leggings
    BB asks female staff to wear 'modest' attire, discourages short-sleeved or length dresses, leggings
  • Representational image. Photo: Collected
    US yet to confirm third-round talks as tariff deadline looms
  • File photo of BNP Chairperson Khaleda Zia arriving at the Evercare Hospital from her Gulshan residence on 18 June 2025. Photo: UNB
    Khaleda Zia taken to Evercare Hospital for late night medical check-up

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • The Government Seal of Bangladesh
    Govt mulls allowing trade unions with 20 workers, industry leaders warn of disorder
  • Photo: CA Press Wing
    Stronger stance needed on maintaining law and order: Political parties to CA

Related News

  • US yet to confirm third-round talks as tariff deadline looms
  • Khulna Power to sell second plant to Turkish firm
  • Milestone plane crash: Students were preparing for coaching after class
  • Milestone crash: Indian medical team arrives in Dhaka
  • 13 political parties urge CA to announce specific election date

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

5h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

ISPR reports 31 dead, official tally 29

ISPR reports 31 dead, official tally 29

6h | TBS Today
13 political parties meet with chief advisor; urge to announce election date

13 political parties meet with chief advisor; urge to announce election date

7h | TBS Today
Bangladesh and Pakistan unite to fight drugs

Bangladesh and Pakistan unite to fight drugs

8h | TBS Today
Case Study of Milestone Tragedy

Case Study of Milestone Tragedy

8h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net