Bangladesh's FBCCI seeks enhanced trade, investment ties with UK

10 Nov '21

1 min read

Pic: Silviya Arsova | Dreamstime.com

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) recently called upon UK businesses to come forward for further strengthening trade, investment and economic relations between both the countries. FBCCI president Mohammad Jashim Uddin made the call at a meeting with the British Bangladesh Chamber of Commerce and Industry (BBCCI) last week in London.

The Bangladeshi diaspora in the UK is taking active participation in trade and investment through business and economic collaboration, Jashim Uddin said.

In the context of the new economic development perspective, there are huge opportunities and prospects for further enhancing the trade and investment cooperation between the two countries, said the FBCCI chief.

He also mentioned that though the United Kingdom is an important export destination of Bangladesh, still its exports to the former are concentrated on a few items like knitwear, woven garments, frozen fish and textile items.

Bangladesh offers one of the world’s best competitive fiscal and non-fiscal incentives including profit repatriation, tax holiday and duty-free import of capital machinery, he was quoted as saying by Bangladesh media reports.

Fibre2Fashion News Desk (DS)

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