At a time when trade relations between Bangladesh and the United Kingdom are growing strong, British investors are reportedly keen on investing in the country’s prosperous readymade garment sector.
Rushanara Ali, the British Prime Minister’s trade envoy to the country during her recent meeting with Bangladesh Commerce Minister Tofail Ahmed maintained that the investors of her country were keen to invest in the apparel, energy and development sectors of Bangladesh.
During the meeting, Ahmed reportedly expressed hope that the bilateral trade relations between the two countries would increase even after the UK comes out from the European Union (EU) formally.
“Bangladesh is in close discussion with the UK in this regard,” maintained Tofail Ahmed while underlining that Bangladesh currently enjoys duty-free and quota free market access to the EU under Everything But Arms (EBA) scheme.
The UK is reportedly not only the third biggest export destination of Bangladesh but also one of the largest foreign investors as well.
There are reportedly more than 100 British entities operating in various sectors including retail, banking, energy, infrastructure, consultancy, education, etc, in cities such as capital Dhaka, port city of Chittagong and Sylhet.