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Dhaka Tribune

Bangladeshi investors keen to invest in South Africa: FM

South Africa invites potential investors to see investment opportunities

Update : 25 Aug 2021, 06:22 PM

Foreign Minister Dr AK Abdul Momen has said Bangladeshi investors are likely to consider investing in South Africa if they get similar facilities offered by other African countries.

The Foreign Minister said Bangladeshi investors have invested in some African countries.

Dr Momen, now in South Africa, held discussions with Minister of Trade, Industry and Competition of South Africa Ebrahim Patel virtually on Tuesday and discussed the investment issue.

The Trade Minister strongly suggested that Bangladesh investors may visit South Africa to see the investment opportunities in South Africa.

He indicated that Bangladeshi investors can invest in South Africa in different sectors including clothing, textiles and footwear sectors.

The Foreign Minister said collaboration in many sectors like IT and agro-processed industry would provide win-win situation for both countries.

The South African Trade Minister underlined the importance of joint ventures between Bangladesh and South Africa.

He suggested sharing knowledge between Bangladesh and South Africa in IT sector.

The Ministers underlined the importance of institutional cooperation in the form of exchange of the visits of trade and business delegations and conclusion of Agreements in the trade, investment and commerce areas.

The Foreign Minister informed Patel about various facilities and incentives that are provided to the foreign investors in Bangladesh. 

Both the Ministers agreed to continue cooperation with a view to enhancing trade, economic and business relations between the friendly countries.

The Foreign Minister conveyed the greetings of the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the Golden Jubilee of the independence of Bangladesh.

He mentioned the remarkable economic growth that Bangladesh has attained during the last 12 years under the leadership of Prime Minister Sheikh Hasina.

Dr Momen informed the South African Trade Minister that Bangladesh is presently sheltering 1.1 million forcibly displaced Myanmar nationals in Bangladesh.

During the virtual discussions, the South African Trade Minister briefed the Bangladesh Foreign Minister about the economic policies currently adopted by the government of South Africa.

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