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Gowher Rizvi: No change in economic policies despite upcoming elections

  • Published at 10:18 pm September 16th, 2018
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Dr Gowher Rizvi speaking at 'ilateral Business and Trade Opportunities between Australia and Bangladesh' yesterday MAHMUD HOSSAIN OPU/Dhaka Tribune

Over the years, Dr Gowher Rizvi mentioned, Australia has become the destination of the largest number of students from Bangladesh, and that the quality of education that Bangladeshis students receive is truly remarkable

The prime minister’s advisor on International Affairs Dr Gowher Rizvi has said that election results may be unpredictable, but there will be no change in economic policies.

He said: “Election results may be unpredictable. But our economic policies will remain the same. There’ll be continuity, and there’ll be no change.”

Gowher Rizvi was speaking as the chief guest at a discussion on "Bilateral Business and Trade Opportunities between Australia and Bangladesh" at the LakeShore Hotel in Gulshan in Dhaka on Sunday. 

The event was organized by the Australia Bangladesh Chamber of Commerce and Industry (ABCCI).

ABCCI hosted a welcome reception for the Australian High Commissioner Julia Niblett, and a discussion on “Bilateral Business & Trade Opportunities Between Australia & Bangladesh”.

With ABCCI President Obaidur Rahman in the chair, ABCCI Vice-President M Khan made a presentation on the Bangladesh-Australia trade and investment opportunities. 

Mentioning having above 7% growth in the last two years, and over 6% growth in the last decade, he said that it is the stability that is helping Bangladesh’s economy progress.

Dr Gowher Rizvi invited the Australian investors to come forward and invest in Bangladesh, taking advantage of the stable political system, availability of workers, and fast-growing market inside Bangladesh, and re-export to other countries.

“You know about Bangladesh’s macroeconomic stability. So you know your investment is not at risk,” he said.

He further said: “Bangladesh today, in the every sense of the word, is a very, very different place. You can look at every possible indicator -- social or economic. We can be truly proud of our achievements in the last 10 years. What made this possible is political stability.”

Over the years, Dr Gowher Rizvi mentioned, Australia has become the destination of the largest number of students from Bangladesh, and that the quality of education that Bangladeshis students receive is truly remarkable. 

“Today, the fastest growing alumni are the Australian university graduates. They’re truly contributing to Bangladesh,” he said.

Australian High Commissioner Julia Niblett said: “Australia and Bangladesh have enjoyed a longstanding and mutually beneficial trade relationship that has grown significantly in the last five years. Our bilateral trade grew to over AUD2.3 billion dollars in 2017, reflecting Bangladesh’s economic growth and the complementary strengths of our economies.”

“Despite the trade surplus in Australia’s favour, bilateral trade is relatively balanced, and as such benefits both our countries,” she added.

Bangladesh Investment Development Authority (BIDA) Executive Chairman Kazi M Aminul Islam said: “Under the leadership of Prime Minister Sheikh Hasina we are working to further improve the investment and business climate in the country. We can take the Australia-Bangladesh relations to a historically higher level.”

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Shafiul Islam Mohiuddin said: “The government has ensured the culture of peace in the country and we hope that Australian investors will invest more in Bangladesh. We don’t see destructive politics anymore. We now can hope for more collaboration.”