Thursday, June 20, 2024


Dhaka Tribune

UK minister for int’l trade visits Bangladesh to strengthen ties

Nigel Huddleston will meet Salman F Rahman, Tipu Munshi and Md Mahbub Ali during his stay in Bangladesh

Update : 05 Jul 2023, 11:17 AM

UK Minister for International Trade Nigel Huddleston arrived in Dhaka on Tuesday for a visit focused on strengthening trade and investment ties between the two countries, the British high commission has said.

“The UK is committed to working with Bangladesh to create a trade and investment relationship that will create jobs and grow both economies. The total trade in goods and services between the UK and Bangladesh reached a record £4.7 billion ($5.97 billion) at the end of 2022.”

On arrival, the minister said: “The UK has a strong and enduring relationship with Bangladesh, and our trade with the country has grown significantly over the past year.

“My first visit here demonstrates the UK's strong ambition to work with Bangladesh to achieve an enhanced trade and investment relationship. I look forward to working with the government of Bangladesh on increasing mutual prosperity by addressing barriers to market access and trade.”

Huddleston will meet Salman F Rahman, private industry and investment adviser to Prime Minister Sheikh Hasina.

They will discuss their Aviation Trade and Investment Partnership, signed by the UK and Bangladesh in May, which will strengthen Bangladesh's aviation sector and create jobs in both countries.

The minister will also meet Tipu Munshi, the commerce minister of Bangladesh, to discuss the UK's world-leading Developing Countries Trading Scheme (DCTS), which came into force last month and makes it easier for Bangladesh to trade with the UK.

Bangladeshi exporters now benefit from simpler and more generous Rules of Origin, which means that they are able to produce goods using components from many more countries and still export these with zero tariffs to the UK.

Following the joint communique on Aviation Trade and Investment Partnership, Huddleston will meet Md Mahbub Ali, state minister for civil aviation and tourism.

Discussions would focus on the UK's offer to help Bangladesh realize its ambition of becoming the next aviation hub in South Asia, the high commission said in a statement.

Top Brokers


Popular Links