Economy
Argentine FM arrives in Dhaka to reopen embassay & deepen ties
Argentina’s Minister of Foreign Affairs, International Trade and Worship Santiago Andrés Cafiero arrived in Dhaka at the morning (27 February) to inaugurate the South American country’s new embassy here and deepen trade and cultural relations.
Foreign Minister Dr. AK Abdul Momen received him at the VIP Lounge of Hazrat Shahjalal International Airport upon his arrival in Dhaka.
Argentina is reopening its embassy here after 45 years. State Minister for Foreign Affairs Md Shahriar Alam will join the Argentine foreign minister to inaugurate the Embassy of the Argentine Republic in Banani this afternoon.
The Argentine embassy in Dhaka was closed in 1978 by the military junta that ruled the country at the time. Diplomatic operations, such as visas in order to travel, have since been handled by the Argentine embassy in India.
Argentina says it is convenient to reopen the embassy in accordance with foreign policy guidelines based on “political, strategic and commercial” reasons. Apart from reopening the Argentine embassy in Dhaka, Cafiero is likely to meet Prime Minister Sheikh Hasina, and Commerce Minister Tipu Munshi.
“There is also the possibility of signing visa exemption agreements on diplomatic and official passports, MoUs on cooperation in agriculture and diplomatic training academies of the two countries,” Ministry of Foreign Affairs Spokesperson Seheli Sabrin told reporters. The two countries are working on a memorandum of understanding on football related matters as well, she said.
Apart from the import of soybean oil and wheat from Argentina, the two sides are likely to discuss Bangladesh’s inclusion in South America’s powerful economic alliance Mercosur. Mercosur, or the Southern Common Market, is an economic and political bloc originally comprising Argentina, Brazil, Paraguay, and Uruguay.
The Argentine visiting team is likely to enjoy a friendly match between two teams comprising Bangladesh’s junior footballers as well as meeting with football officials.
Expatriate Bangladeshis sent approximately US$ 2.11 billion in remittances during the first 28 days of September in the fiscal year 2024-25, according to data released by Bangladesh Bank on 29 September.
Of this total, state-owned and specialised banks handled $679.10 million, while private banks received $1.43 billion in remittances.
Chief Adviser to Bangladesh’s interim government, Professor Muhammad Yunus, has vowed to expedite reforms and hold elections swiftly. Yunus, who recently assumed the role after the collapse of Prime Minister Sheikh Hasina’s 15-year administration, expressed his commitment during an interview with Tokyo-based news outlet NHK WORLD in New York on Sunday. He was attending the United Nations General Assembly at the time.
Following mass student-led protests that ended Hasina’s long-standing rule in August, Yunus stepped in as the leader of the caretaker government. Known for founding Grameen Bank, an institution providing microloans to the underprivileged, Yunus, along with the bank, earned the Nobel Peace Prize in 2006 for his efforts in poverty alleviation.
During the interview, Yunus emphasized that the interim government’s primary mission is to implement reforms promptly and ensure elections are held as soon as the groundwork is complete. He underscored the importance of success, stating, “Failure is not something that we can accept.”
Addressing the pivotal role of students in the ousting of the Hasina administration, Yunus acknowledged the sacrifices made by young people, referring to their involvement as part of a “revolution.” He highlighted his intention to engage the younger generation in shaping policy.
Furthermore, Yunus called for continued support from Japan, Bangladesh’s largest donor, during this crucial transition period. He stressed that Japan’s assistance is vital to stabilizing Bangladesh’s economy and fostering a democratic foundation in the nation.
Syeda Rizwana Hasan, the Adviser for Environment, Forests, and Climate Change, announced today that steps will be taken to restrict the use of polythene shopping bags to safeguard future generations.
Starting from October 1, polythene bags will be banned in shopping malls, followed by a ban in kitchen markets from November 1.
“Everyone must take responsibility and stop using polythene voluntarily. Action against polythene producers will begin from November 1,” Rizwana Hasan stated during a seminar.
The Department of Environment (DoE) organized the seminar to raise public awareness about alternatives to banned polythene bags.
Rizwana Hasan highlighted that the restriction on polythene will be executed in phases according to legal provisions, and discussions with shopping centers and store owners are ongoing to ensure a smooth transition.
She also announced plans to make the government secretariat a plastic-free zone by December.
Other speakers at the seminar included Environment Secretary Dr. Farhina Ahmed, DoE Director General Dr. Abdul Hamid, Director Rajinara Begum, President of the Shop Owners Association Muhammad Helal Uddin, and Md. Arifur Rahman Bhuiyan, Assistant Professor of Environmental Science at BUP. They discussed the harmful effects of polythene and the need for alternative products.
Earlier, Rizwana Hasan inaugurated a fair showcasing eco-friendly alternatives to polythene bags and visited 24 stalls. The fair featured products from government and private entrepreneurs, including reusable bags, jute bags, paper bags, and items made from bamboo and cane.
