The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Commonwealth Enterprise and Investment Council (CWEIC) have forged a strengthened collaboration to boost trade ties between Bangladesh and Commonwealth nations.
FBCCI, led by President Mahbubul Alam, extended an invitation to CWEIC for support in expanding textile, pharmaceutical, and agriculture exports to Commonwealth countries. The call was made during a dinner meeting hosted by FBCCI in honor of Lord Marland, Chairman of CWEIC, on Tuesday evening, 13th February.
President Mahbubul Alam emphasized Bangladesh’s increasing appeal as an investment hub for industry diversification, value chain integration, and export market expansion. Having surpassed the $55.55 billion export milestone in 2022-23, Bangladesh aims to enhance competitiveness, targeting a $300 billion export value by 2041 as part of its trillion-dollar economic journey.
FBCCI stands proud as an advocate for the business community, striving to foster a robust and globally competitive business environment within Bangladesh. Mahbubul Alam highlighted FBCCI’s commitment to supporting trade, industry, and sustainable economic development.
He underscored the significance of FBCCI’s collaboration with CWEIC, citing their participation in the Commonwealth Business Forum, as instrumental in showcasing Bangladesh’s business potential, national development, and prosperity. Mahbubul Alam identified key sectors for collaboration, including Technology Transfer and Innovation, IT, renewable energy, education, skills development, vocational training, healthcare, pharmaceuticals, and access to finance for SMEs.
Lord Marland, Chairman of CWEIC, commended Bangladesh’s recent economic development, expressing optimism about the country achieving ‘Smart Bangladesh’ status by 2031, a decade ahead of projections. He affirmed CWEIC’s commitment to working closely with FBCCI to further enhance trade and investment, tapping into the untapped potential between Bangladesh and Commonwealth nations.
Key figures present at the event included FBCCI Vice President Md. Khairul Huda Chopol, Shomi Kaiser, Md. Munir Hossain, Strategic Advisor of CWEIC Zillur Hussain MBE, FBCCI Director Sujib Ranjan Dash, Secretary General Md. Alamgir, and various business dignitaries.
