Dhaka: Bangladesh Foreign Minister AK Abdul Momen said in a question-answer session organized at the ‘Commonwealth Trade and Investment Forum Bangladesh 2023’ program that promoting trade and investment relations between Dhaka and African countries is the country’s priority. Dr. Momen in his address highlighted the critical need to establish stronger trade and investment ties with African countries especially in key sectors such as pharmaceuticals, textiles, energy, blue economy and Information and Communication Technology (ICT).
The session also highlighted Bangladesh’s visionary ‘Look Africa’ policy which represents a strategic commitment to strengthen relations with African countries. It outlined various areas of cooperation including trade, economy, education, IT, ICT, air and maritime connectivity, health care, contract farming, people-to-people contacts and visa exemption for holders of diplomatic and official passports.
He said this multi-dimensional approach reflects Bangladesh’s dedication to fostering deeper ties with the African continent. He also said that Bangladesh is one of the fastest growing economies in the world.
The country’s focus on enhancing engagement with African countries is in line with its ambitious economic and social development trajectory aimed at achieving Vision 2041 and creating a ‘Smart Bangladesh’.
He also highlighted that new African markets have opened doors for Bangladeshi enterprises, leading to diversification of export destinations. Despite the challenges, the prospects for economic cooperation between Bangladesh and African countries remain promising. “Bangladesh will welcome election observers from any African country for our upcoming national parliament elections to be held in early January 2024,” he said. The event was also attended by ministers, high-level government representatives and business entities from several African countries.