The webinar on ‘Trade & Investment Cooperation of Africa and Bangladesh: Towards a New Trajectory’ was held on the 5th day of Bangladesh Trade & Investment Summit 2021, organised by the Dhaka Chamber of Commerce and Industry (DCCI).
"The private sector needs to be aggressive to invest both at home and abroad. Food processing and agriculture have good prospects there [in Africa],” Manna was quoted as saying by a DCCI press release.
"Our trade with Africa is significantly low compared to other region. Bangladesh exports only to five-six countries of Africa. Their high import tariff is an obstacle to increase export. But, the services sector is a potential sector for investment," AHM Ahsan, vice chairman and chief executive officer, Export Promotion Bureau (EPB), said.
"The African investment in Bangladesh was recorded only $306 million. Bangladesh may invest in manufacturing and agricultural sectors of some African countries. Bangladeshi investors can invest in African Growth and Opportunity Act (AGOA) and can expand export to the US market for strategic market sustenance," DCCI president Rizwan Rahman said.
Fibre2Fashion News Desk (DS)