FDI important for helping Bangladesh recover from Covid-19, says Chatterton
The fundamentals of the Bangladesh economy still remains sound even though it has been badly affected by Covid-19, British high commissioner in Dhaka Robert Chatterton said on Monday.
In a virtual event he said that foreign direct investment (FDI), including from Britain, would be very important for helping both the Bangladesh and the British economies recover from the Covid pandemic, according to the UK Department for International Development on Tuesday.
Md Mahbub ur Rahman, the chairman of the British Business Group, Sirazul Islam, executive chairman of the Bangladesh Investment Development Authority and Saida Muna Tasneem, Bangladesh high commissioner in London, also took part in the event.
British firms operating in Bangladesh could be effective brand ambassadors for the country but ease of doing business has to improve substantially to attract more UK companies, said the high commissioner.
UK businesses, which are well known for being innovative, could seek trade opportunities here in Bangladesh, he added.