Michael Miller, the recently appointed European Union (EU) Ambassador to Bangladesh, has made a major statement to strengthen commercial relations by stating that the EU intends to increase investment and assist Bangladesh in moving out of the Least Developed Country (LDC) category.
Ambassador Miller underlined the significance of establishing a favourable business climate to promote increasing trade and investment links between the two entities during a courtesy call on Foreign Affairs Advisor Md. Touhid Hossain.
Miller emphasised the EU’s continued support for Bangladesh, citing the US $ 975 million the European Investment Bank (EIB) has invested in vital areas like energy, water, health, and railway. Additionally, he stated that the EIB is prepared to increase its investments in Bangladesh even more.
Adviser Hossain responded by applauding the EU’s efforts and urging more collaboration in the establishment of technical training facilities and other areas essential to economic expansion. Potential agreements for cooperation and partnership that would take Bangladesh-EU relations to the next level were also discussed.