Bangladesh has emerged as the “wonder of development” having been one of the fastest growing economies of the world, the prime minister told her audience. There is a “huge potential” of mutual trade and investment between Bangladesh and the UAE along with opportunities for mutual collaborative engagements, she said. She noted that deals were signed on establishment of port, industrial park, power plants, LNG terminal and supply, and investment in the economic zones during her visit to the UAE in February. As the trade between the two countries is growing, and her government has taken initiatives to lure foreign investments in economic zones, special economic zones and high tech parks, the UAE businesses can diversify their investment further, Hasina said. The prime minister also highlighted Bangladesh’s “liberal investment policy”, including protection of foreign investment by law, tax holiday, concessionary duty on import of machinery, unrestricted exit policy, full repatriation of dividend and capital on exit.

Source: bd News24 November 17, 2019 20:26 UTC