DUBAI (UAE), Oct 3, 2021 (BSS) - Commerce Minister Tipu Munshi has said
that a separate committee would be formed under the leadership of the
Ministry of Commerce to provide support to the expatriates to invest in
Bangladesh and also provide them trade and commerce related support.
"This committee will work to take effective steps to ensure the required
facilities frequently sought by the expatriates to invest in Bangladesh," he
said.
The Commerce Minister, who is now in Dubai to take part in the World Expo-
2020, also known as Dubai Expo-2020, said this while giving an interview to
BSS.
He said that if the expatriates face any problem regarding investment in
Bangladesh and also for conducting their business operations, the problems
would be resolved on an urgent basis.
"The government is mulling to form such a committee so that the investment
proposals of the expatriates get the highest attention," Tipu added.
He informed that the committee, headed by the Ministry of Commerce with the
representatives from the Ministry of Industries, Bangladesh Investment
Development Authority (BIDA) and the Bangladesh Economic Zones Authority
(BEZA), would take effective steps regarding the investment proposals placed
by the expatriates.
"Besides, the committee will work to further simplify the investment of the
expatriates," he said.
Earlier on Thursday, the World Expo-2020 also known as Dubai-Expo-2020,
which is one of the largest expositions of the world, was formally kicked off
here in Dubai with the participation of 192 countries, including Bangladesh
alongside many international organizations and companies.
As part of Bangladesh's participation at the Expo, the Bangladesh Pavilion
was inaugurated on Friday by Commerce Minister Tipu Munshi.
Bangladesh for the first time took part in the Expo with its own pavilion.
The six-month long Expo would continue till March 31, 2022 where the socio-
economic progress, history, culture and heritage of Bangladesh over the last
50 years would be highlighted.
While addressing a seminar organized by the NRB CIP Association, the
Commerce Minister urged the expatriate businessmen to invest in Bangladesh as
businessmen from some 30 countries took part in that seminar.
Tipu told the expatriate businessmen that Bangladesh is now ready for
investment as economic zones are being set up across the country. "If you
(expatriate Bangladeshi businessmen) invest in Bangladesh, the foreigners
will feel encouraged to invest in Bangladesh," he said.
The Commerce Minister also gave assurance to the expatriate businessmen to
address the problems which would arise in the way of their investment and
business operations adding, "If investment related proposals come
haphazardly, it will become tough for the government to work on those. But,
if those proposals come through a specific platform, it will be easier for us
to deal with those."
In response to a proposal for allocating a dedicated special economic zone
for the expatriates, he said that the government would consider the matter
positively.
Referring to the participation of Bangladesh at the Dubai Expo-2020, Tipu
said, "Bangladesh is no longer a lagging behind country rather it has
significant success and those would be highlighted before the global arena
through this expo."
He expressed hope that the global community would see Bangladesh at the
Expo as a strong Bangladesh. The visitors are paying visits at the Bangladesh
Pavilion titled "Indomitable Bangladesh: Towards Sustainable Development" in
large numbers and showing their interests about the Bangladeshi products.
The Dubai Expo-2020 was supposed to take place last year, but it could not
be held due to the COVID-19 pandemic. The last World Expo took place at
Milan, Italy in 2015.
