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FBCCI seeks British investment in power, energy

An FBCCI delegation, led by its president Abdul Matlub Ahmad, met UK Prime Minister’s Trade Envoy for Bangladesh Rushanara Ali at a city hotel on Tuesday.

British High Commissioner in Dhaka Alison Blake, FBCCI first vice-president Md Shafiul Islam Mohiuddin, vice-president Mahbubul Alam and directors of the apex trade body were present at the meeting.

The both sides discussed bilateral trade and economic cooperation, said a press release of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

Abdul Matlub Ahmad sought British investment in the power and energy sector and emphasised the transfer of British technology to Bangladesh.

He also expressed his interest to export pharmaceutical products to the UK and said FBCCI will send a business delegation to the UK soon.

The FBCCI president urged the British MP to facilitate more Bangladeshi students in the UK universities.

The FBCCI proposed forming a joint working committee under the leadership of both the British High Commission and the FBCCI to resolve the existing trade related issues.

Md  Shafiul Islam Mohiuddin, first vice president of FBCCI informed the meeting that Bangladesh has been working to develop the labour standard, and has eliminated child labour from the industries.

He requested the High Commissioner to arrange a catalougue show in Dhaka, so that the businssmen could interact each other.

Rushanara Ali said the friendship between the UK and Bangladesh has developed a lot in the recent years.

She assured that the trade between Bangladesh and the UK will not be hampered for Brexit, expressing her interest to work with Bangladesh on climate change issues.

The UK is the third single largest destination for Bangladesh’s exports after the United States of America (USA) and Germany. Over the years, Bangladesh’s exports to the UK enjoy a steady annual growth.

In 2015-16, Bangladesh’s export to the UK was US$ 3.81 billion against the import of US$ 0.28 billion.

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