Despite huge challenges, Bangladesh sees LDC graduation an opportunity: Ahmad Kaikaus
Bangladesh sees its upcoming graduation from the least development country (LDC) status as an opportunity although it has to face a lot of challenges in the way of the transition, said Ahmad Kaikaus, principal secretary to Prime Minister Sheikh Hasina.
"The government has already identified ways to overcome the potential challenges," he said while addressing a recent discussion on overcoming trade challenges after the graduation, said a press release.
Expatriate British business community in Bangladesh – British Business Group or BBG – in collaboration with the British High Commission in Dhaka, has organised the prgrogramme at the British High Commissioner's residence in the capital.
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British High Commissioner to Bangladesh Robert Chatterton Dickson, BBG Chair Md Mahbub Ur Rahman and members of the BBG were present at the event.
Ahmad Kaikaus, also chairperson of the National Committee on (LDC) Graduation, shared his assessment on the opportunities of Bangladesh after the LDC graduation before the British business community.
"I welcome the BBG's engagement with the government of Bangladesh on ways to improve the business environment here. A better business environment for international companies, including newcomers to the market, is key to encouraging more British firms to invest in Bangladesh" Robert Chatterton Dickson said.
Mahbub Ur Rahman welcomed the first in-person BBG event since the lifting of Covid-19 restrictions.
Mentioning that the United Kingdom is the second largest foreign investor and third largest export destination for Bangladesh, he added that British businesses are the first ones to recognise the immense potential of Bangladesh.
Formed in 2005, the British Business Group was operated under the umbrella of the British High Commission. In 2015 it was decided that the BBG would become a standalone entity and run its own affairs as an independent legally registered body.
The BBG has now 52 members representing UK businesses, including well-known multinational corporations, in Bangladesh, reads the release.
