Commonwealth Enterprise and Investment Council (CWEIC) is keen on enhancing trade and investment between Bangladesh and other member nations of the commonwealth through a strategic partnership.
Sir Hugo Swire KCMG, deputy chairman of the CWEIC and former UK minister of state for the Foreign and Commonwealth Office, expressed the idea during a meeting with Finance Minister AHM Mustafa Kamal in Sher-e-Bangla Nagar, Dhaka on Sunday.
Sir Hugo Swire also said CWEIC aims to establish a hub office in Dhaka to help facilitate further engagements and was inviting leading Bangladeshi private sector businesses to join as strategic partners.
FBCCI President Sheikh Fazle Fahim and Director of Business Development, CWEIC AQ Hamza were also present at the meeting.
CWEIC also invited Bangladeshi businesses to join the delegation led by FBCCI to the upcoming Commonwealth Business Forum to be held in Rwanda alongside the Commonwealth Heads of Government Meeting (CHOGM).
AHM Mustafa Kamal urged the CWEIC deputy chair to play the role of catalyst to enhance trade among the commonwealth states.
Kamal argued that the trade among these countries are still very low comparing to other unions of the world. However, the finance minister welcomed the idea expressed by Sir Hugo Swire and suggested that the importance of Bangladesh to the Commonwealth as a whole and commonwealth trade in particular is very important.
He added that Bangladesh has become a suitable destination for investment from abroad which can be explored by commonwealth states for mutual benefits.