Britain and Bangladesh agree to future trade partnership

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The first ever UK-Bangladesh Trade and Investment Dialogue took place at the Ministry of Commerce in Dhaka today on 16 February 2021.

The UK Government was represented by the British High Commissioner, Robert Chatterton Dickson, and the Government of Bangladesh was represented by the Commerce Secretary, Dr. Md. Jafar Uddin. The discussions were cordial and constructive.

The UK and Bangladesh agreed to develop a future trade partnership that will increase mutual prosperity and further Bangladesh’s economic development as it graduates from Least Developed Country status.

Both countries agreed to improve the trading relationship through a mutual commitment to private sector led growth, encouraging investment, and addressing barriers to trade faced by their companies when exporting goods and services.

The UK and Bangladesh discussed cooperation in areas such as GSP, LDC Graduation, investment cooperation, access of Bangladeshi professionals to UK service sectors, trade facilitation, ease of doing business, financial sector development, higher education provision, taxation issues and intellectual property protection.

The British High Commissioner said:

“The UK is committed to working with Bangladesh to create a trade and investment relationship that helps both of our economies grow.

“Foreign Investment can provide jobs, transfer skills and generate revenue. A conducive business environment and removal of market access barriers can benefit both countries.”

The Secretary Ministry of Commerce added:

“This dialogue will pave the way for our products, services and professionals to penetrate the UK market and contribute to increased investment in Bangladesh and expand our exports.”

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