FBCCI for a D-8 economic zone in Bangladesh

Publish: 5:15 PM, October 29, 2019 | Update: 5:15:PM, October 29, 2019

DHAKA, – President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sheikh F Fahim today urged the D-8 countries to develop an exclusive D-8 economic zone in the country.

He also called upon the countries to expand cooperation in knowledge transfer for market driven technologies with a view to developing stronger trade and investment relations with D-8 countries, said a press release.

These issues came up at a discussion at the FBCCI held between the Secretary General of D-8, Ambassador Dato’ Ku Jaafar Ku Shaari and the FBCCI President Sheikh F Fahim.

Dato’ Ku Jaafar Ku Shaari remarked on the impressive socio-economic development and digital footprint of Bangladesh.

“The country as a cofounder of D-8 has the potential to enhance its relations with the D-8 countries in trade and investment and discussed in detail about a range of new initiatives to be launched at the D-8 Summit next year,” he added.

Sheikh F Fahim emphasized on the importance of branding Bangladesh’s stable macro-economic growth trajectory and development that has not been portrayed adequately.

He also shared the provisions made by FBCCI to incorporate corporate and associate memberships.

The FBCCI boss also raised the opportunity for cooperation with the D-8 for skills development, technology transfer, cooperation in agriculture, manufacturing and investment in the 100 Economic Zones, manufacturing, and pharmaceuticals.

Sheikh Fahim also proposed for a D-8 economic zone in Bangladesh for taking advantage of the liberal investment regime and incentives offered in addition to sharing the economic zones already in progress with India, Japan and China.