UK High Commissioner to Dhaka Robert Chatterton Dickson on Wednesday said there are still many barriers that are making foreign investment difficult in Bangladesh.
He noted that the issues that are holding foreign investors back include bureaucratic complications, corruption, lack of coordination among ministries, and taxation problems.
"Because of these issues Bangladesh is not getting Foreign Direct Investment (FDI) at the desired level. Addressing them will result in increased FDI," he said.
He was speaking at a press conference held at his residence in Baridhara in the capital.
The high commissioner also noted that nine British companies are already interested in investing in education and other service sectors in Bangladesh.
"In the next 2-3 years, another 10-15 British companies will invest in Bangladesh," he added.
Robert Dickson reiterated that Bangladesh will get the GSP facility for three more years following LDC graduation.
Bangladesh and the UK held their first trade and investment dialogue on Tuesday.
In the dialogue, the 12-member delegation of Bangladesh was led by the commerce secretary, while the UK delegation was led by the UK High Commissioner to Dhaka Robert Chatterton Dickson.
Bangladesh has sought duty-free access to the country – like in the Everything But Arms (EBA) programme of the European Union (EU).