‘B2B digital market crucial for cross-border connectivity among Commonwealth countries’ | 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

Wednesday
July 23, 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
WEDNESDAY, JULY 23, 2025
‘B2B digital market crucial for cross-border connectivity among Commonwealth countries’

Economy

TBS Report
23 November, 2020, 10:40 pm
Last modified: 24 November, 2020, 12:39 pm

Related News

  • Commonwealth nations to discuss slavery reparations, climate change
  • 28 lakh litres of diesel imported from India thru cross-border pipeline
  • FBCCI president urges Commonwealth countries to revisit GCF
  • Sharing cross-border water resources: Cooperation or conflict?
  • Passengers' movement through land ports relaxed

‘B2B digital market crucial for cross-border connectivity among Commonwealth countries’

The event jointly organised by the Government of Bangladesh and the Commonwealth

TBS Report
23 November, 2020, 10:40 pm
Last modified: 24 November, 2020, 12:39 pm
E-B2B is a type of business model where exchange of goods and services take place between two or more businesses online. Illustration: Rakibur Rahman
E-B2B is a type of business model where exchange of goods and services take place between two or more businesses online. Illustration: Rakibur Rahman

The Business-to-Business (B2B) digital marketplace can play a crucial role in developing the cross-border connectivity among Commonwealth countries, said experts on Monday.

They recommended resolving tariff and non-tariff barriers among the member countries to cash in on the B2B marketplace.

Trade with the help of technologies will also be helpful to accelerate the private sector's recovery, the speakers said at a B2B discussion styled "High-level Public-Private Virtual Dialogue on a Digital and Green Business Recovery".

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

The event was jointly organised by the Government of Bangladesh and the Commonwealth.

While addressing the event virtually, Graham Stuart, export minister of the United Kingdom, said it is necessary to digitalise the supply chain in the Commonwealth region as its market is expected to reach $2 trillion by 2030.

"The Covid pandemic has opened up an opportunity for going for a free, fair and protective trade," he added.

Commerce Minister Tipu Munshi said Bangladesh has made significant progress in digitalisation. During the pandemic, E-commerce has witnessed a rapid growth with mobile banking reaching all over the country.   

"I believe that we will be able to survive in the digital marketplace coping with all challenges," the minister added. 

Salman F Rahman, adviser to the prime minister for private sector industry and investment, said Bangladesh government is focusing on developing 100 economic zones to draw foreign investment. Besides, 33 high-tech parks are going to be established.

"Bangladesh has enjoyed continuous growth over the last seven years, despite the pandemic we saw a 5.2 % growth riding on digital connectivity. When every country saw a drop," Salman F Rahman added.

He also mentioned that digital banking has witnessed high growth over the last five years.

The government is focusing on connecting rural areas with a broadband network, he added.

Soraya Hakuziyaremye, minister of trade and industry of the Republic of Rwanda, said his government has focused digital at this time of the pandemic in terms of education, health service and business.

Citing Rwanda's success in digitalisation, Bangladesh State Minister for Foreign Affairs Shahriar Alam said Commonwealth countries might build a digital technology hub to share technological knowledge and ideas among the member countries.

Mentioning Bangladesh's investment in green energy, Sheikh Fazle Fahim, president of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI), said Bangladesh is leading the way in renewable energy through the solar home system.

The country's apparel sector also obtained 24 LEED Platinum certified green factories. Of them, six are amongst the top 10 in the world. Some 500 factories are in the pipeline to get the US green building council certificates, he added.

Prime Minister Sheikh Hasina's comprehensive financial stimulus package of $12.1 billion absorbed Covid-19 shocks this year, he added. 

Top News / Banking

Business-to-Business / crucial / Cross-Border / Commonwealth countries

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

  • Chief Adviser Muhammad Yunus held a meeting with leaders of 13 political parties at the state guest house Jamuna today (23 July). Photo: Focus Bangla
    13 political parties urge CA to announce specific election date
  • Photo: Syed Zakir Hossain/TBS
    1,200 sued over attacks, vandalism during student protest at Secretariat
  • Flags of Bangladesh and India. Illustration:UNB
    Milestone crash: Indian medical team arrives in Dhaka

MOST VIEWED

  • Screengrab/Video collected from Facebook
    CCTV footage shows how Air Force jet nosedived after technical malfunction
  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Why Bangladesh's capital market is poised for a bull run
    Why Bangladesh's capital market is poised for a bull run
  • ISPR clarifies crashed plane was battle aircraft, not training jet
    ISPR clarifies crashed plane was battle aircraft, not training jet
  • Photo: Syed Zakir Hossain/TBS
    Secretariat protest: 75 injured in police-protester clash over edu adviser's resignation for delaying HSC rescheduling
  • Exim Bank's former chairman Nazrul Islam Majumder being taken to court on 22 July 2025. Photo: Collected
    Will repay all money if granted bail, won’t run away, ex-Exim Bank chair Nazrul tells court

Related News

  • Commonwealth nations to discuss slavery reparations, climate change
  • 28 lakh litres of diesel imported from India thru cross-border pipeline
  • FBCCI president urges Commonwealth countries to revisit GCF
  • Sharing cross-border water resources: Cooperation or conflict?
  • Passengers' movement through land ports relaxed

Features

Photo: Mehedi Hasan/TBS

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

1d | Panorama
Photo: 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

1d | Panorama
Despite all the adversities, girls from the hill districts are consistently pushing the boundaries to earn repute and make the nation proud. Photos: TBS

Ghagra: Where dreams rise from dust for Bangladesh women's football

3d | Panorama

More Videos from TBS

ISPR reports 31 dead, official tally 29

ISPR reports 31 dead, official tally 29

22m | 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

37m | TBS Today
Bangladesh and Pakistan unite to fight drugs

Bangladesh and Pakistan unite to fight drugs

1h | TBS Today
Case Study of Milestone Tragedy

Case Study of Milestone Tragedy

2h | 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